Global $17.5Bn Geographic Information System Market by Component, Application Areas, Project Size, and Geography - Forecast to 2023 - ResearchAndMarkets.com
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 HighlightsMarket 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 ProfilesEnvironmental 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.
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Related Topics:Information Management,Global Positioning Systems Software
INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE SATELLITE
SOURCE: Research and Markets
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PUB: 08/07/2018 11:31 AM/DISC: 08/07/2018 11:31 AM