The report "Global Geographic Information System Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024", 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 need to integrate geographical data for better prediction and analysis and enhanced productivity and operational benefits. However certain factors such as the technical complexity due to heterogeneous data may hinder the market growth. In the middle of difficulty lies opportunity such as the incorporating iot with gis, increased popularity of open source platforms, and multiple opportunities in urban and regional planning. The possible challenges for the market growth are high infrastructural and deployment cost, 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..
360iResearch LLP, headquartered in Pune, India, is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as Aerospace & Defense, Agriculture, Automotive & Transportation, Chemicals & Advanced Material, Food & Beverage, Healthcare & Life Sciences, Information Technology, and Packaging.
Miss. Shikha Sachan
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