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Geographic Information System Market by Component & Software), Function, End User - Global Forecast to 2023LONDON, Aug. 22, 2017 /PRNewswire/ -- "Geographic information system (GIS) market to exhibit significant growth potential between 2017 and 2023" The GIS market is expected to grow at a CAGR of 9.6% between 2017 and 2023 to reach USD 10.12 billion by 2023. The key driving factors for the growth of the market are the development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of geospatial solutions in transportation. However, the high cost associated with GIS solutions and geospatial data barriers poses major restraining factors for the growth of this market. "North America is expected to hold the largest share during the forecast period" North America region is expected to hold the largest share of the market during the forecast period. In North America, Geospatial technologies are extensively used in applications such as construction, agriculture, transportation, and utilities. The government sector is one of the significant adopters of geospatial technologies in North America. The increase in demand for location-based services and high penetration of geospatial solutions in building information modeling, real-time traffic data, precision farming, utility management, and environmental monitoring are expected to drive the growth of the market in this region during the forecast period. The break-up of the profiles of primary participants for the report has been given below: • By Company Type: Tier 1 = 37%, Tier 2 = 29%, and Tier 3 = 34% • By Designation: C–Level Executives = 65% and Directors = 35% • By Region: North America = 36%, Europe = 28%, APAC = 22%, and RoW = 14% Major players involved in the market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon Corporation (Japan), Trimble Inc. (US), Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Limited (Cadcorp) (UK), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada), and PASCO CORPORATION (Japan). The other players in this market include Beijing Unistrong Science & Technology Co., Ltd. (China), Champion Instruments, LLC (US), Geosoft Inc. (Canada), Handheld Group AB (Sweden), Golden Software LLC (US) and SuperMap Software Co., Ltd. (China). Research Coverage: The research report on the global GIS market covers the market on the basis of component, function, end user, and geography. The market has been segmented on the basis of component into software and hardware. On the basis of hardware, the market has been classified into GIS collectors, total stations, imaging sensors, GNSS/GPS antennas, and LIDAR. Further, the market has been segmented on the basis of function into mapping, surveying, telematics and navigation, and location-based services. On the basis of end users, the market has been segmented into agriculture, construction, transportation, utilities, oil & gas, and mining. The report covers 4 major geographic regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). Key Benefits of Buying the Report: Illustrative segmentations, analyses, and forecasts for the market based on component, hardware type, function, end user, and geography have been conducted to give an overall view of the GIS market. The major drivers, restraints, opportunities, and challenges for the market have been detailed in this report. Download the full report: https://www.reportbuyer.com/product/5069838/ View original content:http://www.prnewswire.com/news-releases/geographic-information-system-market-by-component--software-function-end-user---global-forecast-to-2023-300508174.html SOURCE ReportBuyer |