The global geographic information system (GIS) market was valued at USD 6.3 billion in 2017 and is further expected to become USD 12.7 billion by 2024. This market is further expected to witness CAGR of 10.7% during the forecast period 2018 – 2024.
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The GIS market on the basis of the component is segmented into software, hardware, and services. Among all the components, the software segment holds the largest share and is expected to witness a CAGR of 9.2% during the forecast period. It has been observed that software-based GIS is extensively being utilized in spatial database management systems, data analysis, digital mapping and data processing.
On the basis of application, the GIS market is segmented into water & wastewater, government, aerospace & defense, oil & gas exploration, engineering & business services, oil & gas refining, healthcare, transportation & logistics, telecommunications, and others.
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Asia-Pacific is expected to witness the fastest growth of 11.9% during the forecast period. The increasing investments undertaken by the government authorities in this region and the implementation of several economic reforms are expected to bolster the growth of GIS industry in this region. GIS technologies in this region are extensively being employed for rural and agricultural progression.
Some of the major players operating in the global GIS industry include Environmental Systems Research Institute Inc. (Esri), Macdonald & Company, Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.
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Asia-Pacific is expected to witness the fastest growth of 11.9% during the forecast period. The increasing investments undertaken by the government authorities in this region and the implementation of several economic reforms are expected to bolster the growth of GIS industry in this region. GIS technologies in this region are extensively being employed for rural and agricultural progression.
Some of the major players operating in the global GIS industry include Environmental Systems Research Institute Inc. (Esri), Macdonald & Company, Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.
Contact
VynZ Research
Toll-Free:1-888-253-3960
Website: https://www.vynzresearch.com
Email: support@vynzresearch.com
Connect With us: Linkedin | Twitter |Google | Facebook
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