The frameworks designed for storing, gathering, interpretation, and analysis of the data collected from different sources such as spatial information, geographic locations, and other restrictions are referred to as geoinformation systems. The market is backed by the launch of geographical information system application for broadband and telecommunication services, the advent of satellite imagery, and need for communication networks in remote areas. The market is also propelled by expanding outlays made by different governments throughout the world to extend a substantial application in transportation, logistics, and aerospace & defense industry. In spite of several factors propelling the market growth, aspects that pose a threat to the market and act as a restricting factor include surging vulnerability of open source software and the government norms related to the incorporation of location services. On the other hand, different developments in the field of mobile telecom are likely to act as a promising growth factor, offering different avenues for geographical information system market. Several geographical information system software makers continue spending in research and development to introduce advanced products that are estimated to meet the needs of the user across different countries. The government of India launched a digital India initiative. The initiative encouraged the government along with the enterprises from the private sector who are likely to outlay heavy amounts to enhance the internet connectivity services and location-based services. The geographical information system has proved to be helpful for the enterprises and the users using it to assess and take different decisions employing this system. Geographical information system also aids the customers to associate the data in order to gain the geographical information. The rising number of amalgamation of these systems with conventional technologies also has helped the enterprises to propel business intelligence.
According to component, Transportation Management Systems Market has been bifurcated into software, services, and hardware. Based on device, the market is divided into mobile and desktop. Based on application, the market is categorized into telecommunication, transportation, construction, agriculture, oil & gas, mining, government, utilities, aerospace, and others.
North America is ruling the worldwide GIS controller market with the primary market share and thus, accounting for the highest revenue amount. Europe represents the second largest market after North America. Europe is a progressive market in terms of organized retail, automotive, defense, and aerospace, thereby hold a lot of application segments of geographical data system in this region. Different private and public organizations have been gathering domain-specific information constituting issues such as supply chain, intrusion detection, fraud detection, national security, and marketing, thereby offering opportunities to this market. The APAC is estimated to be the swiftest growing market over the period of estimation. This flourishing market is owing to the increasing penetration of geographical information system solutions in different industrial sectors such as construction, government, water, wastewater management, and mining, in economies like China and India. Asia Pacific represents the third largest geographical information system market. Economies such as Taiwan, South Korea, and China, owns almost 60% of the electronic component makers. Most of the manufacturers represent a large share in extending services for geographical information system market. Moreover, a huge rise in heavy investments and urban population towards smart cities is expected to reinforce the need for precise GIS systems in the upcoming years.
Some of the notable players in the worldwide GIS controller market include Bentley Systems, Autodesk Inc (U.S.), Carto (U.S.), Incorporated (U.S.), Esri, Inc (U.S.), Hexagon AB (Sweden), SuperMap Software Co., Ltd (China), Pitney Bowes Inc.(U.S.), Trimble Inc (U.S.), MDA Information Systems LLC (U.S.), Topcon Positioning Systems, Inc. (Japan), and others.
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