- Government-led initiatives towards the growth and development of smart cities will lead to an increase in demand.
- Integration of IoT into existing geospatial technology acts as a challenge to the market.
- Asia Pacific is expected to be the fastest-growing market.
The Geographic Information System market is majorly driven by infrastructural developments such as smart cities, water and land management, utility, and urban planning. Advancements in Geographic Information System technologies, such as geo-analytics and integrated location-based data services, are also boosting the adoption of Geographic Information System in various regional markets, thereby driving the market demand over the forecast period.
Integration of IoT into existing geospatial technology acts as a challenge to the market. However, the government-led initiatives towards the growth and development of the smart cities which will lead to an increase in demand for Geographic Information System technology for enabling a highly connected urban infrastructure.
Asia Pacific is expected to be the fastest-growing market for Geographic Information System during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D Geographic Information System in this region.
The Mapping segment held the highest market share in 2017 of the global Geographic Information Systems market and is expected to continue its dominance in the forecasted period. Mapping offers better decision-making for selection of agriculture sites, natural resource extraction, disaster management, urban planning, and transportation modeling. Hence, the use of mapping technologies has been growing rapidly in construction, infrastructure, defense and security, transportation, agriculture, forestry, and environment.
Key Companies Analyzed in this Report are:
- Ubisense Group
- Beijing SuperMap Software
- Schneider Electric
- Environmental Systems Research Institute
- Bentley Systems
- Pitney Bowes
- MacDonald, Dettwiler and Associates Ltd
Market segment by Type, the product can be split into
Market segment by Application, split into