Dublin, July 29, 2021 (GLOBE NEWSWIRE) – The “Geographic Information Systems Market – Growth, Trends, COVID-19 Impact and Forecast (2021 – 2026)” report was added to ResearchAndMarkets.com offer.
The Geographic Information Systems (GIS) market (hereinafter referred to as the studied market) is expected to register a CAGR of 10.8% over the forecast period 2021-2026. GIS drives millions of decisions around the world daily, as GIS is used to locate new store locations, analyze crime trends, route in car navigation, forecast and forecast weather, and more.
The growing demand for location-based analytics among enterprises to improve operational efficiency and improve decision-making process is driving the market. Additionally, the growing need to integrate conventional data with spatial data to obtain valuable insights from location-based information may offer new growth avenues for the Geographic Information Systems market during the period. forecast.
The penetration of IoT platforms into business operations has fueled the generation of real-time location data to deliver highly relevant and location-specific service to customers. Additionally, the integration of GIS with IoT devices provides accurate data to users using geospatial data analysis. For example, an IoT-enabled valve can be monitored from anywhere in the world using geospatial data.
The development of smart cities and urbanization, the integration of geospatial technology with mainstream technologies for business intelligence, the increasing investments in modern GIS solutions are some of the major growth factors of the GIS market.
The growing need to predict and identify natural disasters and to minimize damage is fueling the growth of the Geographic Information Systems market. Nowadays, GIS is used to detect, understand and respond to epidemics of infectious diseases of coronavirus (COVID-19), using its capabilities, such as spatial analysis, mapping and location intelligence. Health officials and government agencies are mapping confirmed and active cases, deaths and recoveries to identify places where COVID-19 infections have occurred.
Key market trends
The increasing development of smart cities and urban planning to drive the market growth
Smart cities are data driven and depend on sharing awareness in real time. By collecting data from thousands of IoT sensors and analyzing it by a company, GIS creates a visualization of the data on a map for immediate actionable insights. This information can be used to track municipal service delivery and highlight areas where local council services need to be improved.
Due to the development of the smart cities project, GIS solutions are being implemented to create a generalized location platform for the analysis of use cases in smart city environments. These include automated natural hazard monitoring web-based GIS with SMS warning, climate monitoring, urban design, intelligent transportation systems, and SDI disaster management.
Specialists apply GIS to urban planning for analysis, modeling and visualization. By processing geospatial data from satellite imagery, aerial photography and remote sensors, users gain a detailed perspective on land and infrastructure. These advantages of GIS are driving the growth of the GIS software market.
Growing government applications in developing countries, such as China and India, are driving the growth of GIS. For example, the Indian government initiative for the development of 100 smart cities across the country is expected to provide tremendous opportunities for the adoption of Geographic Information System solutions in urban planning, facility management and land use management. water and sewage.
Asia-Pacific to experience strongest market growth
One of the major factors driving the market growth in the region is the increasing adoption of geographic information to expand the adoption of geographic data cloud analysis in utilities, defense, transport, agriculture, construction, etc. The region is also benefiting from the end results of the efforts of major players eager to increase its market share.
The growing demand for geographic information system solutions for government applications in developing countries such as China and India is driving the growth of GIS market in APAC region. Recently, the Indian government launched the “Digital India” initiative, in which the government, along with private sector companies, is expected to invest more in improving internet connectivity and location services infrastructure, throughout the world. country.
The Japanese GIS market is experiencing stable growth, due to the contraction of the agricultural industry with rapid urbanization. XAG AND Bayer Crop Science have signed a commercial agreement for drone application technology in Japan, to meet the challenge of reducing the agricultural workforce. Such initiatives are believed to propel market growth in the region.
Over the years, several geographic information system vendors have also developed innovative products to meet the demands of governments in developing countries. The country should also develop data based on a geographic information system for land registers, land management and property details.
The geographic information systems market appears to be led by market leaders, such as Hexagon AB, Topcon Corporation, Trimble Inc., Autodesk Inc., Environmental Systems Research Institute Inc. (ESRI), Bentley Systems Inc., Caliper Corporation , Pitney Bowes Inc. Major players invest in R&D to continuously innovate their products. Some of the key developments in the market are:
In October 2019, the Geospatial division of Hexagon, a global leader in geolocation solutions, launched Power Portfolio 2020, the latest version of its core photogrammetry, remote sensing, GIS and mapping products.
In March 2019, ESRI launched an R&D center in New Delhi, India. The new location could focus on data science, deep learning and geospatial artificial intelligence (GeoAI) solutions, revolutionizing spatial analysis to overcome some of the world’s biggest challenges.
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Main topics covered:
1.1 Hypotheses of the study and market definition
1.2 Scope of the study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Bargaining power of suppliers
4.2.2 Bargaining power of buyers
4.2.3 Threat of new entrants
4.2.4 Threat of substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Market drivers
4.3.1 Growing role of GIS in the smart city ecosystem
4.3.2 Integration of geolocated mapping systems into business intelligence systems
4.4 Market restrictions
4.4.1 Integration issues with traditional systems
4.4.2 Data Quality and Accuracy Issues
4.5 Assessment of the impact of COVID-19 on the industry
5 MARKET SEGMENTATION
5.2.3 Telematics and navigation
5.2.4 Location-based services
5.3 End user
5.3.6 Oil and gas
5.4.1 North America
5.4.4 Rest of the world
6 COMPETITIVE LANDSCAPE
6.1 Company profiles
6.1.1 Trimble Inc.
6.1.2 Space work
6.1.4 ESRI inc.
6.1.5 Caliper Company
6.1.6 Topcon positioning systems
6.1.7 Pitney Bowes Inc.
6.1.8 Hexagon AB
6.1.9 Bentley Systems
6.1.10 Autodesk Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information on this report, visit https://www.researchandmarkets.com/r/55th6y
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