Global Geographic Information System (GIS) Market Outlook, Analysis and Forecast (2014–2024)
The escalating number of SaaS based cloud computing systems along with an extensive number of users for mobile devices are the major factors that are pertaining to the growth of the GIS market. It has been observed that extensive upliftment in geospatial information has further fueled the adoption of GIS system across the globe in various business enterprises. The application of this system varies with various organizations such as in marketing department as well in advertisement thereby bolstering the growth of the market across the globe.
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The GIS market on the basis of the component is segmented into software, hardware, and services. Among all the components, the software segment holds the largest share and is expected to witness a CAGR of 9.2% during the forecast period. It has been observed that software-based GIS is extensively being utilized in spatial database management systems, data analysis, digital mapping and data processing.
Globally industry players are leveraging market growth through extensive application of GIS in various fields. Some of the major players operating in the global GIS market include Environmental Systems Research Institute Inc. (Esri), MacDonald and Company, Pitney Bowes Inc., Dettwiler and Associates Ltd., PASCO CORPORATION, SuperMap Software Co. Ltd., Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE and Autodesk Inc.
Source: VynZ Research
