Geographic Information System Market Segmentation, Trends, Forecast by 2024
The Geographic Information System Market is poised to surpass USD 9 billion by 2024. With the intensifying need of geospatial data across a multitude of applications, this market is exhibiting an upbeat growth trend. Geographically correlated information is the cornerstone of most modern-day location-based applications across diverse industry verticals.
The technology is currently deployed across a plethora of use cases including disaster management, smart cities ecosystem, facilities management, and others. Technological advancements in the GIS arena such as the development of location-based services has helped the technology percolate across sectors such as defense, transportation, telecommunication, mining, oil & gas, logistics, and others.
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North America is poised to secure its position as one of the most promising contenders in geographic information system business space and is anticipated to procure almost 35% volume of global share by 2024. Striking growth of the geospatial industry has opened up new avenues for market growth. Moreover, the region has unprecedented leverage in terms of the presence of key industry participants such as Esri and Autodesk.
Elaborating further on the regional landscape, Asia Pacific geographic information system market is slated to pick up pace in the coming years. Fast-track urbanization and the initiation of number of smart cities projects across the region has created a conducive environment for market outlook.
Moreover, concrete steps undertaken by the governments in the region to strengthen spatial infrastructure has further triggered the demand for geographic information system platforms, which is anticipated to ignite regional market growth. For instance, in March 2018, the Japanese government allotted a funding of USD 940 million for boosting space startups in the country and to enable long-term growth of the space industry. As per estimates, Asia Pacific market is likely to capture a CAGR of 15% over 2018-2024.
Among the varied applications of market share from mapping applications account for major revenue generation, which amounted to over 40% of global share in 2017. The software is being extensively used in tracing any changes occurring in a given area.
The prominent players operating in the geographic information system market are Bentley Systems, Supermap, Pasco Corporation, Autodesk, Schneider Electric, Pitney Bowes, ESRI, General Electric, Trimble, Hexagon, Topcon, MacDonald, Geoinfo, Geosoft, Harris Corporation, Hexagon.
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Table of Content
Chapter 6. geographic information system Market, By Application
6.1. Key trends, by application
6.2. Mapping
6.2.1. Mapping market estimates and forecast, by region, 2013-2024
6.3. Surveying
6.3.1. Surveying market estimates and forecast, by region, 2013-2024
6.4. Location-based services (LBS)
6.4.1. Location-based services (LBS) market estimates and forecast, by region, 2013-2024
6.5. Telematics and navigation
6.5.1. Telematics and navigation market estimates and forecast, by region, 2013-2024
Chapter 7. geographic information system market, By End Use
7.1. Key trends, by end use
7.2. Agriculture
7.2.1. Agriculture market estimates and forecast, by region, 2013-2024
7.3. Construction
7.3.1. Contrsuction market estimates and forecast, by region, 2013-2024
7.4. Mining
7.4.1. Mining market estimates and forecast, by region, 2013-2024
7.5. Oil & Gas
7.5.1. Oil & Gas market estimates and forecast, by region, 2013-2024
7.6. Telecommunication
7.6.1. Telecommunication market estimates and forecast, by region, 2013-2024
7.7. Government
7.7.1. Government market estimates and forecast, by region, 2013-2024
7.8. Transportation & logistics
7.8.1. Transportation & logistics market estimates and forecast, by region, 2013-2024
7.9. Water management
7.9.1. Water management market estimates and forecast, by region, 2013-2024
7.10. Others
7.10.1. Others market estimates and forecast, by region, 2013-2024
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