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Global $17.5Bn Geographic Information System Market by Component, Application Areas, Project Size, and Geography - Forecast to 2023 - ResearchAndMarkets.com

August 7, 2018

DUBLIN--(BUSINESS WIRE)--Aug 7, 2018--The “Geographic Information System Market by Component, by Application Areas, by Project Size, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023” report has been added to ResearchAndMarkets.com’s offering.

Global GIS market is expected to reach $17.5 billion by 2023.

Increasing urbanization in addition to the surging adoption of GIS solutions in enterprise applications in developing countries is the key factor bolstering the demand for the system. The growth of the global GIS market can also be attributed to the implantation of LIDAR (light detection and ranging) technology and increasing availability of spatial data and cloud technology.

Based on component, the GIS market has been categorized into software, hardware, and data. The data component contributed the largest revenue to the market in 2017, as it is widely used for mapping, routing, geocoding, reporting, data management, and modeling. Also, the GIS data component is witnessing high demand for regional literacy mapping applications in developing countries. Moreover, the growing demand for the data component from the government, transportation, and telecommunications sectors is pushing its market growth.

On the basis of project size, the GIS market has been categorized into small (less than $250K), medium ($250K to $1 million), and large (more than $1 million). During the forecast period, the market is expected to register the fastest growth in medium-sized projects. This can be attributed to the increasing expenditure of the defense and healthcare sectors on GIS.

Based on application areas, government contributed the largest revenue to the GIS market in 2017. Community planning, urban and rural planning, and information extraction on natural calamities are some of major application areas of the GIS technology in the government sector. Although governments in developed countries are the major users of the technology, governments in developing countries too are heavily investing in digital and data-based GIS solutions for urban and rural planning, public health improvement, and optimal utilization of natural resources. This, in turn, is expected to increase the market penetration of the technology in the coming years.

Key Highlights

Market is expected to register the fastest growth in Asia-Pacific (APAC) Growing demand for enterprise GIS solutions is a key growth driver for the market Data constraints in GIS development to hinder the market growth

Key Topics Covered

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction

Chapter 5. Global GIS Market

Chapter 6. North America GIS Market

Chapter 7. Europe GIS Market

Chapter 8. Asia-Pacific GIS Market

Chapter 9. RoW GIS Market

Chapter 10. Competitive Landscape

Chapter 11. Company Profiles

Environmental Systems Research Institute Inc. (ESRI) Hexagon AB Grid Solutions Pitney Bowes Inc. Maxar Technologies Ltd. Supermap Software Co. Ltd. Pasco Corporation Ubisense Group Plc Bentley Systems Incorporated Schneider Electric SE Autodesk Inc.

For more information about this report visit https://www.researchandmarkets.com/research/nmlmdv/global_17_5bn?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180807005614/en/

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Related Topics:Information Management,Global Positioning Systems Software

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE SATELLITE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/07/2018 11:31 AM/DISC: 08/07/2018 11:31 AM

http://www.businesswire.com/news/home/20180807005614/en

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