San Francisco, 19
November 2018 - 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:
www.grandviewresearch.com/industry-analysis/geographic-information-systems-market
www.grandviewresearch.com/industry-analysis/geographic-information-systems-market
Further key
findings from the study 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
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Asia Pacific
- China
- Japan
- India
- South America
- Brazil
- Middle East and Africa
Access Press Release Of This Research
Report by Grand View Research:
www.grandviewresearch.com/press-release/global-geographic-information-systems-gis-market
About
Grand View Research
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.
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