DUBLIN--(BUSINESS WIRE)--The "Geographic Information System (GIS) Market by Component (Hardware (GIS Collector, Total Station, LIDAR, GNSS Antenna) & Software), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), End User - Global Forecast to 2023" report has been added to Research and Markets' offering.
The GIS market is expected to grow at a CAGR of 9.6% between 2017 and 2023 to reach USD 10.12 billion by 2023
The key driving factors for the growth of the market are the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of geospatial solutions in transportation. However, the high cost associated with GIS solutions and geospatial data barriers poses major restraining factors for the growth of this market.
The software market is expected to exhibit a significant growth during the forecast period owing to the increasing use of GIS software in urban planning, disaster management, transport management, and smart city development. The geospatial software provides analytic tools and functions to input and stores spatial geographic data. It provides a tool to perform a geographic query, runs analysis model, and displays geographic data in the form of maps. The software uses relation database management system (RDBMS) to store the geographic data. The geospatial software integrates digital maps and data to create visualization and analysis tools. In addition, the integration of GIS with CRM and ERP has increased the use for business intelligence and marketing for better decision-making.
The market for transportation is expected to grow at the highest CAGR during the forecast period. GIS is gaining traction in transportation applications such as transportation planning, highway maintenance, traffic modeling, accident analysis, and route planning. GIS helps transportation planners to store and analyze geospatial data as well as mapping of transportation features with a base map.
GIS plays a significant role in highway infrastructure management and development of roads, bridges, and railway routes. Construction of roadways and highways requires accurate land-based information for their planning and construction. GIS offers integration of various data types of information such as spatial and nonspatial data required for highway and roadway construction.
North America region is expected to hold the largest share of the market during the forecast period. In North America, Geospatial technologies are extensively used in applications such as construction, agriculture, transportation, and utilities.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Geographic Information System Market, By Component
8 Geographic Information System Market, By Function
9 Geographic Information System Market, By End User
10 Geographic Analysis
11 Competitive Landscape
12 Company Profiles
- Amigocloud, Inc.
- Autodesk, Inc.
- Bentley Systems, Incorporated
- Caliper Corporation
- Computer Aided Development Corporation Limited (Cadcorp)
- Environmental Systems Research Institute, Inc. (ESRI)
- General Electric Co.
- Hexagon AB
- Hi-Target Surveying Instrument Co., Ltd
- Macdonald, Dettwiler and Associates Ltd.
- Maptoss Technologies Pvt. Ltd.
- Pitney Bowes Inc.
- Takor Group Ltd.
- Topcon Corporation
- Trimble Inc.
For more information about this report visit https://www.researchandmarkets.com/research/w5hb4d/geographic
