Global Geographic Information System (GIS) Market worth USD 19,212.34 Million by 2024

Global Geographic Information System (GIS) Market worth USD 19,212.34 Million by 2024

Pune, India, October 15, 2018 -- /360iResearch/ -- The report "Global Geographic Information System Market - Premium Insight, FPNV Positioning Matrix, Competitive News Feed Analysis, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q3 2018 Update)", published by 360iResearch, states that the global market was valued at USD 7,829.30 million in 2016 and is projected to reach USD 19,212.34 million by 2024, growing at a CAGR of 11.87% from 2016 to 2024.

The major forces driving the growth of the geographic information system market include the integration of geographical data for better analysis and prediction and improved productivity and operational benefits. However certain factors such as the heterogeneous data leading to technical issues may hinder the market growth. In the middle of difficulty lies opportunity such as the integrating iot with gis, open source platforms as preferred deployment option, and rising opportunities in urban and regional planning. The possible challenges for the market growth are expensive infrastructure and deployment, and attuning data accuracy and efficient data management. But key players in the market are overcoming the challenges with continual improvement and innovation.

Based on industry, the global geographic information system market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global geographic information system market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.

The report features a competitive scenario of the geographic information system market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Autodesk, Inc., Blue Marble Geographics, Inc., CARTO, Environmental Systems Research Institute, Inc., GE Grid Solutions LLC, GRASS Development Team, Golden Software System, Inc., Google LLC, Harris Corporation, Hexagon AB, Leadformance SAS, Mapbox, Inc., Pitney Bowes, Inc., QGIS, and Trimble Navigation, Ltd..

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