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The global geographic information system (GIS) market is anticipated to reach USD 11.2 billion by 2025LONDON, Jan. 25, 2018 /PRNewswire/ -- Geographic Information System (GIS) Market Analysis, By Component (Hardware, Software, Services), By Usage, By Application (Transport, Agriculture, Construction, Mining, Aerospace), By Device, By Region, And Segment Forecasts, 2014 - 2025 The demand for location-based services, such as real-time status and control of a valve, have been on a rising curve around the globe. The market for GIS is expected to grow over the forecast period owing to technological advancements and growing applications. Moreover, the growing awareness among private companies regarding benefits such as improved productivity and optimization of processes offered by GIS has resulted in the technology's increased demand. Organizations in the private sector use the geographic information system for applications such as mining, oil & gas, transportation & logistics, and defense equipment, among others. The rising application of geographic information systems in construction is anticipated to, in turn, boost the market demand over the forecast period. Further key findings from the report suggest: • The growing adoption of GIS in surveying and mapping by several regions is anticipated to drive the market growth. • The construction segment is expected to register a high CAGR of 11.2% over the projected period. • The Asia Pacific regional market is expected to witness significant growth over the forecast period, owing to the large-scale penetration of GIS. • Key players in the market include Autodesk Inc.,The Economic and Social Research Institute (ESRI), Hexagon AB, and Pitney Bowes Inc. Download the full report: https://www.reportbuyer.com/product/5291711 About Reportbuyer Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers For more information: Sarah Smith Research Advisor at Reportbuyer.com Email: [email protected] Tel: +1 (718) 213 4904 Website: www.reportbuyer.com
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