The report "Global Geographic Information System Market - Trends Analysis, Product Usability Profiles & 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 & logistics, 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 products profiled in the study are ArcGIS, AutoCAD Map 3D, BRIDGE, CARTO location Data Services, ENVI, GE Smallworld, GeoMedia, Global Mapper, Google Earth Pro, Grass GIS, MapBox, MapInfo Pro, QGIS, Surfer, and TerraSync.
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