Aug 25, 2017   SOURCE: PR NewsWire

Geographic Information System (GIS) Market to 2023 - Growing Adoption of GIS Solutions in the Transportation Sector

DUBLIN, August 25, 2017 /PRNewswire/ --

The "Geographic Information System (GIS) Market by Component (Hardware (GIS Collector, Total Station, LIDAR, GNSS Antenna) & Software), Function (Mapping, Surveying, Telematics and Navigation, Location-Based Service), End User - Global Forecast to 2023" report has been added to Research and Markets' offering.

http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg

The geographic information system (GIS) market is expected to be worth USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023

Development of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and growing adoption of geospatial solutions in transportation are some of the major factors driving the growth of the market. The high cost of geospatial solutions and geographic data collection barriers poses major restraining factors for the growth of this market. The market has been segmented on the basis of component, function, end user, and geography.

GIS collectors held the largest share of the overall market in 2016. GIS collectors are used for collecting data related to shop floors or fields. Data collection is a real time and event-oriented process carried out by construction professionals. GIS collectors derive data manually from a computer or directly from the place of their origin. The collectors allow construction professionals to carry out accurate measurements such as site reconnaissance, progress measurement, and site inspection.

Moreover, collectors help in spatial analysis for manipulating, extracting, locating, and analyzing the geographic data. GIS collectors are widely adopted for capturing, storing, recovering, analyzing, and displaying spatial data. GIS collector is expected to dominate the market during the forecast period due to increasing demand for data capturing and mapping in agriculture, construction, and utilities.

Market Dynamics

Drivers

    --  Development of Smart Cities and Urbanization
    --  Integration of Geospatial Technology With Mainstream Technologies for
        Business Intelligence
    --  Growing Adoption of GIS Solutions in the Transportation Sector

Restraints

    --  Regulations and Legal Issues
    --  High Cost and Geospatial Data Barriers

Opportunities

    --  Cloud Computing in GIS
    --  Development of 4D GIS Software

Challenges

    --  Integration of GIS Technology With Other Technologies

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Trends

7 Geographic Information System Market, By Component

8 Geographic Information System Market, By Function

9 Geographic Information System Market, By End User

10 Geographic Analysis

11 Competitive Landscape

12 Company Profiles

    --  Amigocloud, Inc.
    --  Autodesk, Inc.
    --  Bentley Systems, Incorporated
    --  Caliper Corporation
    --  Computer Aided Development Corporation Limited (Cadcorp)
    --  Environmental Systems Research Institute, Inc. (ESRI)
    --  General Electric Co.
    --  Hexagon AB
    --  Hi-Target Surveying Instrument Co., Ltd
    --  Macdonald, Dettwiler and Associates Ltd.
    --  Maptoss Technologies Pvt. Ltd.
    --  Pitney Bowes Inc.
    --  Takor Group Ltd.
    --  Topcon Corporation
    --  Trimble Inc.

For more information about this report visit https://www.researchandmarkets.com/research/2drrhr/geographic

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

View original content:http://www.prnewswire.com/news-releases/geographic-information-system-gis-market-to-2023---growing-adoption-of-gis-solutions-in-the-transportation-sector-300509696.html

SOURCE Research and Markets