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The Geographic Information System Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Geographic Information System is the increasing demand for Geographic Information System in various industries.
This report on the Geographic Information System Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Geographic Information System Market. The report intends to present a thorough analysis of the Geographic Information System Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Geographic Information System Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Geographic Information System Market are-
Environmental Systems Research Institute, Inc.
Hexagon AB
Pitney Bowes Inc.
Autodesk Inc.
Trimble Inc.
Topcon Corporation
Hi-Target Surveying Instrument Co. Ltd.
Bentley Systems Inc.
Caliper Corporation
Computer Aided Development Corporation Ltd.
SuperMap Software Co.
Harris Corporation
Maxar Technologies Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Geographic Information System Market value and growth drivers over the trend period of 2022-27. According to the report -
Geographic Information System market is likely to witness a CAGR of 12.7% during the forecast period. The prime factors that are driving the geographic information system market are the integration of geospatial technology with mainstream technologies for business intelligence, development of smart cities and urbanization, increasing accessibility of spatial technology and cloud-based system, and surge in investments in modern GIS solutions.
Based on Offering Type:
Based on the offering type, the market is segmented as hardware, software, and services. The hardware segment is further bifurcated into GIS collector, imaging sensors, LiDAR, total stations, and GNSS/GPS antennas. The software segment is similarly bifurcated into desktop GIS, Server GIS, developer GIS, mobile GIS, and remote sensing software. The software segment is estimated to register the highest growth during the forecast period. Increasing use of GIS in urban planning, disaster management, transport management, and smart city development are the major factors contributing towards the growth of the segment.
Based on Region:
In terms of regions, North America is estimated to be the largest market for geographic information systems during the forecast period. Significant demand from the various end-use industries and presence of major players in the region are the major factors behind the dominance of the region in the global geographic information system market. Asia-Pacific is estimated to portray the highest growth during the forecast period. China, Japan, South Korea, and India are the driving force of the region’s market.
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