The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025,
according to a new report by Grand View Research, Inc. The rising adoption of
GIS in infrastructure development, urban planning, and smart cities coupled
with increasing location-based services are some of the key drivers of the GIS
market.
GIS is a computerized system that connects
data with geography. Several decisions are taken using GIS, right from tracking
a store location to predicting climate change and analyzing a crime pattern.
GIS helps users to link the data with geographic location to gain spatial
insights from the extracted data.
The growing integration of GIS with
conventional technologies has enhanced the business intelligence of companies.
Moreover, the integration of GIS with IoT devices provides accurate data to
users using the geospatial data analysis. For instance, an IoT-enabled valve
can be monitored from anywhere around the globe using geospatial data.
The demand for location-based services,
such as real-time status and control of a valve, have been on a rising curve
around the globe. The market for GIS is expected to grow over the forecast
period owing to technological advancements and growing applications. Moreover,
the growing awareness among private companies regarding benefits such as
improved productivity and optimization of processes offered by GIS has resulted
in the technology’s increased demand.
Organizations in the private sector use the
geographic information system for applications such as mining, oil & gas,
transportation & logistics, and defense equipment, among others. The rising
application of geographic information systems in construction is anticipated
to, in turn, boost the market demand over the forecast period.
To request a sample copy
or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/geographic-information-systems-market
http://www.grandviewresearch.com/industry-analysis/geographic-information-systems-market
Further key findings from the report suggest:
· The growing adoption of GIS in surveying
and mapping by several regions is anticipated to drive the market growth.
· The construction segment is expected to
register a high CAGR of 11.2% over the projected period.
· The Asia Pacific regional market is
expected to witness significant growth over the forecast period, owing to the
large-scale penetration of GIS.
· Key players in the market include Autodesk
Inc.,The Economic and Social Research Institute (ESRI), Hexagon AB, and Pitney
Bowes Inc.
Grand View Research has segmented the GIS
market based on components, usage, applications, devices, and regions:
Components Outlook (Revenue, USD Million;
2014 - 2025)
·
Hardware
·
Software
·
Services
Usage Outlook (Revenue, USD Million; 2014 -
2025)
·
Surveying
·
Mapping
·
Navigation
Application Outlook (Revenue, USD Million;
2014 - 2025)
·
Transport and Logistics
·
Agriculture
·
Construction
·
Mining and Geology
·
Oil & Gas
·
Aerospace and Defense
·
Utilities
·
Government
Device Outlook (Revenue, USD Million; 2014
- 2025)
·
Desktop
·
Mobile
Regional Outlook (Revenue, USD Million;
2014 - 2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
UK
o
France
·
Asia Pacific
o
China
o
Japan
o
India
·
South America
o
Brazil
·
Middle East and Africa
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research
reports, customized research reports, and consulting services. To help
clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More Information: www.grandviewresearch.com