Geographic Information System (GIS) Market is expected to grow owing to rising urbanization and the development of smart cities. The integration of the geospatial technology is driven by the demand for the building surveillance in the smart cities which helps in maintaining the upkeep of the building by looking after the security or sanitation needs. In addition, it also helps in effective land management due to its ability to deliver valuable information associated with the land registration details, vacant land area, and mining activities.
The growing demand for location analytics will offer growth avenues for the GIS market. This is due to rising demand to obtain insights from location-based or geographic data by integrating the conventional data with the spatial data that helps in identifying and evaluating data as well as activities. Traditionally, the technology was utilized as a map-based system but now it is being utilized to offer a full system of insights to help the businesses obtain full awareness of their businesses, which will drive the GIS market. In addition, the demand for location analytics is growing among businesses owing to the growing need for improvised operational efficiency, better decision-making techniques. High initial cost associated with the implementation of the software along with lack of awareness about the advantage of using the technology in business is expected to limit the GIS market growth.
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Availability of real-time location data analysis coupled with the evolution of IoT, will offer significant growth opportunities to the GIS market. The constant technological advancements and the presence of large number of technology vendors provide growth impetus. The potential is anticipated to grow owing to increasing demand for mapping visualization and geographic intelligence involving general mapping and spatial analytical capabilities. In addition, features such as map filtering, bidirectional interaction, geoprocessing in spatial analysis whereas imagery, consumer data, other geographic information such as demographics, weather, environment are included in the geographic information enrichment.
Based on component, the industry is classified into hardware and software. The hardware component is expected to dominate the GIS market over the forecast timeline owing to the high demand for collectors which have the capability to collecting and mapping the information in construction, agriculture, and utilities. It delivers field data collection in both offline and online modes. Moreover, it provisions external GNSS/GPS receivers for improved spatial data collection.
Based on the end-use, the GIS market can be segmented into telecommunications, waste and water management, aerospace & defense, engineering & business services, transportation and oil & gas. The trend of rising government investment across homeland security, military, and aerospace sector is fueling the demand for advanced technologies resulting in high growth in GIS market across the globe. In addition, various vendors have also come up with technologically advanced products to cater the requirements of the governments in developing economies.
The Asia Pacific GIS market is expected to witness the highest growth owing to the rising penetration of GIS solutions in verticals such as government, utility and waste and water management. Increasing investments in the smart city projects which uses the surveying and mapping capabilities of the technology coupled with rising urbanization in countries such as China, India, Singapore, etc. will provide growth opportunities for the GIS market.
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In 2016, the Government of India introduced the Digital India initiative, where the government in collaboration with the private sector companies is projected to invest heavily in location-based services infrastructure and the improving internet connectivity across the country, over the next five to six years. The country is also anticipated to develop a GIS based information for land management, land records, and ownership details in the country which open lucrative opportunities for the GIS market in the country. In addition, the government has encompassed National GIS Vision in its 12th Five-Year Plan, wherein the government is anticipated to explore the untapped potential for GIS implementation.
Key players in the GIS market are Pitney Bowes Inc., Environmental Systems Research Institute Inc. (ESRI), Macdonald and Company, SuperMap, Dettwiler and Associates Ltd., Pasco Corporation, Bentley Systems Incorporated, Ubisense Group Plc., Schneider Electric SE, and Autodesk Inc. The new entrants in the industry find it difficult to compete with the established players who provide the enhanced quality solutions. This competition is anticipated to further intensify over the near future owing to the increase in technological innovations, service extensions, and M&A.
This latest Geographic Information System Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Geographic Information System industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
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