Geographic Information System Market in agricultural sector has now widely adopted GIS and spatial mapping technologies for better assessing crop conditions, weather, and topography related information. The rapid adoption of drones for precision farming and agricultural applications have furthered the demand for GIS, in turn favoring the business growth. Estimates in fact claims the global geographic information system market from the agriculture segment to register a healthy growth rate of 15% over 2018-2024.
Geographic Information System Market in oil & gas segment is growing rapidly during the forecast period. As an industry that has registered itself as a vital part of the global economy, this capital sensitive oil & gas sector is one of the most lucrative segments of the global GIS industry. In fact, statistics depict that the oil & gas industry is driven by an anticipated 80% data that has a spatial component, harnessing geographical & spatial information at every possible stage of the life-cycle right from basin analysis to E&P activities to distribution and pipeline management.
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The global geographic information system market is considerably thriving on the copious amount of geospatial information used by the government agencies for taking data-driven decisions on national & state welfare. The government sector is in fact seen increasingly investing in deploying GIS software across the military, defense, and aerospace for carrying out terrain analysis, crucial surveillance as well as reconnaissance operations, battle field management, and monitoring of possible activities of terrorism.
The geographic information system market in Global Navigation Satellite System (GNSS) antenna segment is estimated to exhibit an excellent growth at over 10% CAGR during the forecast timeline. As new signals and frequencies are being increasingly used in modernized GNSS, the antennas are expected to play a critical role in the proper functioning of the GNSS receivers. The GIS professionals are increasingly using geodetic and handheld receiver antennas for high-precision and fixed-site GNSS applications to obtain high positional accuracy.
On account of the vast application and regional scope it comes as no surprise that the geographic information system market players are making rapid headways in reinforcing their global positions in unique ways. Recently, for instance, a GIS startup AmigoCloud has announced that it is on a mission to make satellite mapping easier. In order to make digital mapping available for everyone, the company has developed a unique cloud-based GIS app which can be downloaded from Google Play and Apple Store.
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Taking into account the regional landscape, the North America geographic information system market held a dominant share of 40% in 2017, given the rapid adoption of geospatial technology across myriad industries. With an anticipated CAGR of 15% over 2018-2024, the Asia Pacific GIS market, according to reports, is expected to emerge as lucrative investment hub for potential stakeholders.
North America is projected to account for a majority market share of around 35% by 2024. The geographic information system market growth is driven by the growth of the geospatial industry with the launch of new satellite navigation systems. For instance, in March 2018, NASA launched the next-generation weather satellites for the National Oceanic and Atmospheric Administration (NOAA). NOAA’s Geostationary Operational Environmental Satellite-S (GOES-S) provides more accurate and detailed data to track storm systems, lightning, wildfires, coastal fog, and other hazards that affect the western U.S. The extensive presence of the major market players, such as Esri and Autodesk, in the region is also expected to drive the geographic information system market growth between 2018 and 2024.
Table Of Content For This Research Report:
Chapter 6. Geographic Information System Market, By Application
6.1. Key trends, by application
6.2.1. Mapping market estimates and forecast, by region, 2013-2024
6.3.1. Surveying market estimates and forecast, by region, 2013-2024
6.4. Location-based services (LBS)
6.4.1. Location-based services (LBS) market estimates and forecast, by region, 2013-2024
6.5. Telematics and navigation
6.5.1. Telematics and navigation market estimates and forecast, by region, 2013-2024
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Chapter 7. GIS market, By End Use
7.1. Key trends, by end use
7.2.1. Agriculture market estimates and forecast, by region, 2013-2024
7.3.1. Contrsuction market estimates and forecast, by region, 2013-2024
7.4.1. Mining market estimates and forecast, by region, 2013-2024
7.5. Oil & Gas
7.5.1. Oil & Gas market estimates and forecast, by region, 2013-2024
7.6.1. Telecommunication market estimates and forecast, by region, 2013-2024
7.7.1. Government market estimates and forecast, by region, 2013-2024
7.8. Transportation & logistics
7.8.1. Transportation & logistics market estimates and forecast, by region, 2013-2024
7.9. Water management
7.9.1. Water management market estimates and forecast, by region, 2013-2024
7.10.1. Others market estimates and forecast, by region, 2013-2024
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