Market Research Report
Geographic Information System - Global Market Outlook (2019-2027)
|Published by||Stratistics Market Research Consulting||Product code||956113|
|Published||Content info||182 Pages
Delivery time: 2-3 business days
|Geographic Information System - Global Market Outlook (2019-2027)|
|Published: August 1, 2020||Content info: 182 Pages||
According to Stratistics MRC, the Global Geographic Information System Market is accounted for $7.21 billion in 2019 and is expected to reach $21.15 billion by 2027 growing at a CAGR of 14.4% during the forecast period. Technological advancements such as integrated location-based data services and geo-analytics, increasing demand for this technology among the process industry, and integration of geospatial technology with mainstream technologies for business intelligence are some of the factors propelling the growth of the market. However, high cost and issues during installation are hampering the growth of the market.
Geographic Information System (GIS) is a computer framework designed to capture, store, manipulate, analyse, manage, and display geographical data in maps. GIS operates on data primarily bearing a relationship to space, which is inclusive of any data about things and events that occur in nature. GIS is used to search for information about the specific geographical area and helps to improve decision making about locations.
Based on the end-user, the agriculture segment is anticipated to hold considerable market share during the forecast period as geographic information system solutions assist farmers to attain increased productivity and reduced costs by enhancing the efficiency and effectiveness of farming techniques. By geography, Asia Pacific is expected to grow at a significant market share during the forecast period owing to the rising infrastructural growth in various countries in the region and increasing use of geographic information systems (GIS) in agricultural, transportation, and construction industries in countries in the region.
Some of the key players profiled in the Geographic Information System Market include Trimble Inc., Bentley System, Inc., Tomtom International, Supermap Software Co., LTD, Pitney Bowes Inc., Maxar Technologies Inc., L3harris Technologies, Inc., Hexagon AB, General Electric Company, Environmental Systems Research Institute, Inc., Caliper Corporation, Blue Marble Geographics, Maptoss Technologies, Autodesk Inc., and Topcon Corporation.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.