Geographic Information System Market to cross $9bn by 2024 - PowerPoint PPT Presentation

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Geographic Information System Market to cross $9bn by 2024


Request Sample of Report @ The North America GIS market held a major share of over 40% in 2017 and is projected to hold a significant market share by 2024 due to the increasing government-led initiatives contributing towards the growth and development of the region’s geospatial industry. For instance, in June 2018, the U.S. Air Force awarded a contract of USD 130 million to SpaceX for the launch of Air Force Space Command Satellite (AFSPC)-52 satellites in the late FY2020. – PowerPoint PPT presentation

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Title: Geographic Information System Market to cross $9bn by 2024

Geographic Information System Market to cross
9bn by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Key Insights from Heat Meters Market
  • Geographic Information System (GIS) Market was
    estimated at over USD 4 billion in 2017, and is
    set to cross USD 9 billion by 2024 according to
    a new research report by Global Market Insights,
    Inc. The penetration of remote sensing platforms
    and navigation and positioning technologies to
    capture the spatial data objects and associated
    attributes will lead to an increase in demand for
    GIS hardware components, including imaging
    sensors, cameras, and GNSS antennas.
  • The data captured by these components need to be
    integrated and analyzed for predictive analysis
    which further help the organizations to make
    informed predictions about the future events.
    This will increase the demand for GIS solutions
    during the forecast timeline. Increasing
    investments in the smart cities have further
    accelerated the adoption of GIS software which
    acts a common platform to enable easy integration
    and coordination of different participants of the
    smart city ecosystem.

  • The hardware segment dominated the GIS market
    with a share of around 55 in 2017 due to the
    large-scale adoption of GIS collectors and
    handheld devices equipped with high-resolution
    cameras and sensors to capture the spatial data.
    The data collectors enable organizations to
    capture geospatial data from varied sources which
    is then integrated and analyzed using GIS.
  • The mapping application segment held majority of
    the geographic information system market share
    amounting to over 40 in 2017 due to the
    widespread adoption of the GIS software to
    integrate, manipulate and present the geospatial
    data and let the users to produce graphic display
    of information for analysis. GIS mapping software
    helps in mapping the position and any changes
    occurring in the areas and allow GIS
    professionals and surveyors to gain insights
    about changes that occur in the specific area.

Europe GIS Market Share, By Application, 2017
2024 (USD Million)


Browse Full Market Research Report On
Geographic Information System Market _at_
https// Request for a Sample of
this Research Report _at_ https//
  • The GIS adoption in the agriculture segment is
    expected to grow at a CAGR of over 15 between
    2018 to 2024 due to the increasing applications
    of drone technology. Drones are rapidly being
    used by the farmers to assess crop condition. As
    these collect vegetation and topography related
    information, the demand for GIS will increase
    during the forecast timeline.
  • The increasing penetration of the drone
    technology in sectors, such as defense,
    transportation agriculture, and urban planning is
    expected to drive the geographic information
    system market growth. For instance, in March
    2016, the Indian Railways and ISRO signed an MoU
    for developing applications in the field of
    remote sensing and GIS. The MoU enables the use
    of space technologies and tools to provide
    passenger information for all trains, real-time
    train tracking and survey of rail route
    alignments in difficult terrains.

  • Asia Pacific geographic information system market
    is expected to grow at a CAGR of over 15 during
    the forecast timeline. The GIS market growth is
    attributed to the factors such as rising
    urbanization and development of smart cities and
    various efforts taken by the government agencies
    to strengthen spatial infrastructure of the
    satcom industry which further triggers the need
    to have more advanced GPS systems and navigation
    platforms to capture the location-based data.
  • Some of the key players operating in the
    geographic information system (GIS) market are
    Bentley Systems, Supermap, Pasco Corporation,
    Autodesk, Schneider Electric, Pitney Bowes, ESRI,
    General Electric, Trimble, Hexagon, Topcon,
    MacDonald, Geoinfo, Geosoft, Harris Corporation,
    Hexagon, Hitachi Solutions, MDA Information
    Systems, and Unistrong.

Industry Coverage

Table OF Content
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 Chapter
2. Executive Summary 2.1. GIS industry 360º
synopsis, 2013- 2024 2.1.1. Regional
trends 2.1.2. Component trends
Hardware trends Software
trends Service trends 2.1.3.
Application trends 2.1.4. End use trends
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