Geographic Information System (GIS) Market | Construction held the largest size in the overall market
The increase in industrialization and urbanization propels the growth of the market in construction. The growing construction activities across the world has created a demand for surveying devices such as robotic total stations, GIS collectors, and GNNS-based receivers and antennas. Mapping and surveying functions are the major application areas for construction activities. GIS databases are widely used in the integration of geospatial data with CAD tools for engineering and designing of construction projects.
The geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is expected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023.
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The APAC region is expected to be the fastest-growing region for the geographic information system (GIS) market. The use of GIS for transportation planning, highway and roadway management, forestry management, and precision farming is driving the growth of the market in this region. With the increasing infrastructural growth in various countries in APAC, GIS is expected to be implemented in smart city planning and urban development programs. China is investing heavily in infrastructure development and urban area planning. This investment in construction would drive the market for geospatial surveying devices such as GNSS receivers and GIS collectors.
The growth of the market for construction in Japan is creating opportunities for geospatial technologies. With the emerging urban sector in India, there has been a huge demand for geospatial technologies that support various types of urban development projects.
Major players involved in the software market include Autodesk, Inc. (US), Bentley System, Incorporated (US), Environmental Systems Research Institute, Inc. (Esri) (US), General Electric Co. (US), Hexagon AB (Sweden), Pitney Bowes Inc. (US), Topcon