Drivers The increasing investment in GIS-based infrastructure by governments is one of the key factors contributing to the growth of the GIS industry. Although industries have a huge amount of data, they lack location-specific information.
The navigation segment held the largest market share in These factors are propelling the demand for enterprise GIS solutions, which, in turn, is contributing to the growth of the GIS market. Moreover, skill development of the workers and high maintenance costs of the database are the key factors limiting the adoption of these systems by small- and medium-scale industries.
During the forecast period, the market is expected to witness the fastest growth in Asia-Pacific APACon account of the increasing demand for the GIS technology from the emerging economies of the region.
Growing demand for enterprise GIS solutions is a key growth driver for the market GIS has witnessed high penetration in enterprise applications in recent years. The public sectors of the U. Insights on market segments Based on component, the GIS market has been categorized into software, hardware, and data.
The increasing application of global positioning system in transport and logistics is likely to enhance the demand for GIS in the market. GIS technology is used in the analysis of urban planning such as usage value of the land, flatness of the land, availability of facilities such as water and electricity.
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.
GIS development is quite expensive. The hardware segment is anticipated to be one of the leading segments over the forecast period. The growth of facility management infrastructure has facilitated the penetration of enterprise GIS solutions in recent years.
Restraints High initial set-up costs of the system and lack of authentic spatial data are the major factors restraining the growth of the GIS market. The demand for software is expected to increase substantially with a CAGR of 8.
Based on application areas, GIS was most adopted by governments in Apart from the costly software and hardware, the database development cost is usually very high impeding GIS market growth.
The data component contributed the largest revenue to the market inas it is widely used for mapping, routing, geocoding, reporting, data management, and modeling. Enterprise GIS enables resource sharing, data organization, and improved decision making.
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.
The wide applications of the technology are anticipated to drive the growth of the market. GIS technologies provide a central location to conduct spatial analysis, overlay data, and integrate systems and solutions. Small- and medium-scale industries and governments of developing countries are reluctant about undertaking high-cost projects, which, in turn, hinders the market growth.
Governments in developing countries are often reluctant to undertake high-cost and time-consuming GIS projects. Moreover, the GIS technology for disaster management is also witnessing increased adoption in developing countries such as China, Brazil, and India.
The Geographic Information System market is majorly driven by infrastructural developments such as smart citieswater and land management, utility, and urban planning. The segment accounted for Over the past few years, the GIS technology has witnessed a significant increase in its adoption for disaster management, including flood management, forest fire management, carbon management, and climate change.
In agriculture, the technology is used to enhance the efficiency and effectiveness of farming techniques. Globally, North America is expected to continue holding the largest share in the GIS market in the coming years.
EsriPitney Bowes Inc. Surveyors use various tools to gather, analyze, and deliver accurate data.
Due to this, small- and medium-sized projects are undertaken in these countries, as compared to developed countries. The increasing demand for GIS software from the government, defense, and transportation sectors is also contributing significantly to the market growth.
Modern GIS provides real-time information on geography, and any changes in the information leads to assessment by experts. The services segment provides various applications such as location-based services and, thus, is one of the prominent contributors to the market share.The Global GIS market size will be XX million (USD) infrom the XX million (USD) inwith a CAGR (Compound Annual Growth Rate) of XX% from between and This report studies the global GIS market, especially in North America, Europe, Asia-Pacific, South America, Middle East and.
Industry Insights. The global Geographic Information System (GIS) market size was valued at USD billion in and is expected to witness considerable growth over the forecast period. General Mills Q1 North America retail sales down 2% to $ bln; FactSet consensus $ bln General Mills (GIS) reported stronger-than-expected bottom-line results for its fiscal first.
North America Geographic Information System (Gis) Market Forecast KEY FINDINGS The primary demand for the geographic information system is observed from the military, natural resources, utilities and transportation, and logistics sector in North America.
The North America Geographic Information System (GIS) Market would witness market growth of % CAGR during the forecast period ( - ). Geographic Information System is a tool that is used to collect, manages, analyse and provide required information for managing raw information as per the requirement of end-users.
Exhibit 4: GIS Market in North America by Geographical Segmentation Exhibit 5: GIS Market in North America by Product Segmentation Exhibit 6: GIS Software Market in North.Download