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Geographic Information System Market 2020 Industry Outlook, Size, Shares, CAGR by 2024

Author : Ronak Bora | Published Date : 2020-09-09 

Geographic information system market is projected to surpass USD 9 billion by 2024. The technology is primarily used for storing, managing, and analyzing data & associated attributes, which are spatially referenced to the Earth. It is a geographic approach for spatial data analysis and links the data with descriptive information to offer businesses an easier way to analyze maps and reveal hidden patterns to answer a variety of questions related to geography.

The organizations of all sizes and in almost every industry are dependent on geographic data to make decisions regarding allocating resources, targeting a market segment, planning a distribution network, and responding to emergencies. The GIS technology is becoming an essential tool to amalgamate various maps and remote sensing information to generate location-based models to be used by the organizations for business decision-making.

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The global geographic information system market is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battlefield management, and monitoring of possible activities of terrorism.

GIS technology is used in a broad range of application areas including urban planning, disaster management, construction, mining, and transportation. For instance, facility managers make use of the GIS tools to support a variety of information systems and business processes for the facility management functions such as route mapping, building condition assessment, and space use optimization. Advancements in GIS technologies, such as location-based data services, are also expected to fuel the geographic information system market growth over the forecast period. Another factor contributing to the increasing uptake of the technology is the growing usage of cloud-based GIS platforms. The complexities related to storing and maintaining location-based data have accelerated the need to adopt cloud-GIS platforms for efficient data management, reduced cost, and improved productivity.

The Global Navigation Satellite System (GNSS) antenna segment is estimated to exhibit an excellent growth at over 10% CAGR during the forecast timeline. As new signals and frequencies are being increasingly used in modernized GNSS, the antennas are expected to play a critical role in the proper functioning of the GNSS receivers. The GIS professionals are increasingly using geodetic and handheld receiver antennas for high-precision and fixed-site GNSS applications to obtain high positional accuracy. The growing usage of the GNSS technology in various applications, such as precision agriculture, marine, construction, and surveying, is expected to support the increasing demand for these antennas during the forecast period.

On account of the vast application and regional scope it comes as no surprise that the geographic information system market players are making rapid headways in reinforcing their global positions in unique ways. Recently, for instance, a GIS startup AmigoCloud has announced that it is on a mission to make satellite mapping easier. In order to make digital mapping available for everyone, the company has developed a unique cloud-based GIS app which can be downloaded from Google Play and Apple Store. The proliferations of such different start-ups and core industry players, is undeniably expected to propel the commercialization potential of GIS market in the ensuing years.

Taking into account the regional landscape, the North America geographic information system market held a dominant share of 40% in 2017, given the rapid adoption of geospatial technology across myriad industries.

With an anticipated CAGR of 15% over 2018-2024, the Asia Pacific geographic information system market, according to reports, is expected to emerge as lucrative investment hub for potential stakeholders.

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The competition in the geographic information system market is driven by various technological innovations in the geospatial industry for facilitating the acquisition of spatial data. Due to product development initiatives and partnerships adopted by the GIS providers, the competition in the GIS market is expected to intensify over the forecast timeline. For instance, in November 2017, Autodesk and Esri announced a strategic partnership for the amalgamation of their Building Information Management (BIM) and GIS mapping technologies to enable their shared customers to build a more connected infrastructure by synthesizing information from both the applications. In January 2017, TerraGo, a GIS & GPS software company based in the U.S., partnered with CompassTools to deliver advanced GIS & GPS data collection solutions. CompassTools helps customers to deploy custom TerraGo mobile data collection solutions with integrated support for hardware and software platforms including Trimble and Esri.

Table of Contents (ToC) of the report:

Chapter 1.   Methodology & Scope

1.1.  Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Scope

1.1.5. Definition

1.1.6. Methodology and forecast parameters

1.2.  Data Sources

1.2.1. Primary

1.2.2. Secondary

1.2.2.1.   Paid sources

1.2.2.2.   Public sources

Chapter 2.   Executive Summary

2.1.  Geographic Information System Market 360º synopsis, 2013- 2024

2.1.1. Regional trends

2.1.2. Component trends

2.1.2.1.   Hardware trends

2.1.2.2.   Software trends

2.1.2.3.   Service trends

2.1.3. Application trends

2.1.4. End use trends

Chapter 3.   Geographic Information System Market Insights

3.1.  Introduction

3.2.  Industry segmentation

3.3.  Industry landscape, 2013-2024

3.4.  GIS ecosystem analysis

3.4.1. GIS hardware component providers

3.4.2. GIS software providers

3.4.3. Cloud service providers

3.4.4. System integrators

3.4.5. Telecom service providers

3.4.6. Distributors

3.4.7. End users

3.5.  Evolution of GIS technology

3.6.  Benefits of GIS

3.7.  GIS Architecture

3.8.  Technology & innovation landscape

3.8.1. Big Data integration

3.8.2. GIS and remote sensing

3.8.3. Artificial Intelligence (AI) in GIS

3.9.  Regulatory landscape

3.10.    Industry impact forces

3.10.1.  Growth drivers

3.10.1.1.     Integration of location-based mapping systems with business intelligence systems

3.10.1.2.     Increasing adoption of GIS for facilities management

3.10.1.3.     Growing role of GIS in smart cities ecosystem

3.10.1.4.     Increasing penetration of cloud-based GIS Platforms

3.10.1.5.     Growing uptake of GIS technology in disaster management applications

3.10.2.  Industry Pitfalls and Challenges

3.10.2.1.     Data quality and accuracy issues

3.10.2.2.     High initial investment

3.10.2.3.     Integration issues with traditional systems

3.11.   Porter’s Analysis

3.11.1.  Threat of new entrants

3.11.2.  Threat of substitutes

3.11.3.  Bargaining power of buyer

3.11.4.  Bargaining power of supplier

3.11.5.  Industry rivalry

3.12.   PESTEL analysis

3.13.    Growth potential analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/geographic-information-system-gis-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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