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.

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APAC is expected to be the fastest-growing market for GIS during the forecast period. In this region, geospatial technologies are being utilized for rural and agricultural development over the last decade. In APAC, companies engaged in engineering and construction, mining and manufacturing, insurance, and agriculture are implementing geospatial technologies to identify potential markets and are using geospatial information to make strategic decisions. Surveying and mapping technologies are widely used in APAC. In addition, the development of smart cities in China, India, and other Southeast Asian countries has driven demand for 3D GIS in this region.

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 Corporation (Japan), and Trimble Inc. (US).

The hardware market was dominated by key players such as Hexagon AB (Sweden), Trimble Inc. (US), Topcon Corporation (Japan), Hi-Target Surveying Instrument Co., Ltd. (China), and Beijing Unistrong Science & Technology Co., Ltd. (China).

The other players in this market include Blue Marble Geographics (US), Caliper Corporation (US), Computer Aided Development Corporation Ltd. (Cadcorp) (UK), Geosoft Inc. (Canada), Handheld Group (Sweden), Harris Corporation (US), Hi-Target Surveying Instrument Co. Ltd. (China), MacDonald, Dettwiler and Associates Ltd. (Canada), PASCO CORPORATION (Japan), and SuperMap Software Co., Ltd. (China).

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.

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