Market Analysis
Market Research Future (MRFR) presumes the global GIS controller market to reach USD 780 million at a CAGR of 13% from 2016 to 2023 (forecast period).
Multiple Factors to Boost Market Growth
Geoinformation systems are systems built for gathering, storing, analyzing, and interpreting data obtained from many sources like geographic locations, spatial information, and other limitations. The development of geographical information system applications for telecommunications and broadband services, the increased availability of satellite imagery, and the demand for communication networks in remote regions all promote the industry. The market is also being fuelled by increasing expenditures made by various governments around the world in order to give a significant application in the aerospace and defense, transportation, and logistics industries.
Many geographical information system software developers continue to engage in research and development in order to release advanced solutions that are expected to fulfill the needs of customers in various regions. The Indian government launched the Digital India initiative, in which private-sector companies and the government are expected to invest heavily in improving location-based services and internet access.
The geographical information system is advantageous for organizations and customers who use it to assess and make various decisions. Geographical information systems also assist customers in connecting data to obtain geographical information. The increasing integration of these systems with traditional technologies has also aided businesses in improving their business intelligence.
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Market Segmentation
The global GIS controller market has been segmented into components, devices, and applications.
On the basis of components, the global GIS controller market has been segmented into hardware, software, and services.
On the basis of devices, the global GIS controller market has been segmented into desktop and mobile.
On the basis of application, the global GIS controller market has been segmented into oil gas, transportation, telecommunication, agriculture, construction, mining, aerospace, government, utilities, and others.
Key players
Some of the key players in the worldwide GIS controller market include Autodesk Inc (U.S.), Esri, Inc (U.S.), Bentley Systems, Incorporated (U.S.), Carto (U.S.), Hexagon AB (Sweden), Pitney Bowes Inc. (U.S.), Topcon Positioning Systems, Inc. (Japan), SuperMap Software Co., Ltd (China), Trimble Inc (U.S.), MDA Information Systems LLC (U.S.) and others.
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Regional Analysis
North America to Dominate the Global Market
North America dominates the global GIS controller market, providing the largest market share and thus the highest revenue amount.
Europe to Follow North America
Following North America, Europe has the second-largest market. Europe is an advanced region in terms of automotive, organized retail, aerospace, and defence, and so captures a large number of geographical information system application segments in this region. Many public and commercial companies have been gathering domain-specific information on issues like intrusion detection, supply chain, marketing, fraud detection, and national security, consequently opening up potential in this market.
APAC to Witness Fastest Growth Rate
During the projection period, Asia Pacific is expected to be the fastest expanding market. This expansion is mostly due to the increasing penetration of geographical information system solutions in many industrial sectors like government, construction, mining, water and wastewater management, and others in nations such as India and China. The Asia Pacific is the world's third-largest geographical information system market. Countries such as China, Taiwan, and South Korea account for over 60% of electronic component manufacturers, and the majority of them have a significant opportunity in the provision of services for the geographical information system industry. Furthermore, significant growth in urban population and large expenditures in smart cities are expected to boost demand for precise GIS systems in the near future.
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