ID: MRFR/SEM/4027-HCR | February 2021 | Region: Global | 100 pages
The GIS controller market size is expected to reach a final market value worth USD 780 million by 2023, at a CAGR of 13% during the forecast period of 2019-2023.
The GIS controller systems are the ones that are designed for gathering, storing, analyzing, and interpreting the data gathered from different sources such as most of the geographic locations, spatial information, and other constraints. In simple terms, these concepts are termed geoinformation systems. The global GIS controller market is supported by the introduction of geographical information system applications for telecommunication and broadband services, the higher advent of satellite imagery, and demand for communication networks in remote locations. The global market functioning is also fuelled by growing investments made by different governments across the world to provide a significant application in the aerospace & defense, amongst the rest like the transportation, and logistics industry.
GIS controller Market COVID 19 Analysis
The sudden and unwelcomed outbreak of the novel coronavirus pandemic has been such that it has led to unrest and economic instability in the global market amid the rising cases of the pandemic followed by the collapse of the most trusted and reliable healthcare systems of the world. Also, the loss of employment and other factors like the reduced availability of raw materials, resources, and affordable labor is hampering the business operations in the long run by introducing a disruption in the demand and supply chain mechanism of the global market.
However, as the GIS controller market is becoming stable and considering to return to stability, there has been an expectation of the availability of appropriate funding for the expansion of the product portfolios that will help in the growth of the GID controller market share especially during the ongoing forecast period that will be ending in 2023.
GIS controller Market Dynamics
The GIS controller market size is expected to grow significantly during the forecast period that will be ending in 2023 owing to the increasing use of GIS in urban planning, disaster management, transport management, and other prominent factors like smart city development. Integration of GIS controller Market with the rising concept of customer relationship management (CRM) and followed by another one like enterprise resource planning (ERP) has increased the use of GIS for business intelligence and marketing. With the advent of cloud computing and artificial intelligence, the prevalent GIS analytics software is expected to have great potential to expand the GIS controller market for software during the forecast period that ends in 2023.
Despite the prevalence of various GIS controller market factors that are supporting the market growth, certain factors that pose a challenge to the market and act as a restraining factor include the increasing vulnerability of open source software and the government regulations related to the usage of location services. However, there have been various improvements in the field of mobile telecom that are expected to act as a potential growth factor, and hence, help in providing different opportunities for the geographical information system market.
The GIS Controller Market that extends its services to the agriculture industry is expected to grow at the highest CAGR during the forecast period that will be ending in 2023. GIS solutions help the global farmers indulge in agriculture practice to achieve increased productivity and reduced costs by enabling better management of land resources. GIS can be helpful in the reduction of the risk of marginalization and vulnerability of small and marginal farmers globally. Furthermore, there is a considerable demand for the GIS controller market in the agriculture industry for livestock monitoring, crop management, and the monitoring and management of soil and the irrigation of farmlands. The growth of the global agriculture sector, which is being coupled with the increasing penetration of technology in the field, is expected to drive the growth of the GIS controller market.
GIS controller Market Segment Overview
The GIS controller Market is aiming for mass expansion in both the product lines, as well as, the customer size owing to the splendid global performance that has been undertaken in the market premises during the historic period that had ended in 2023. For meeting the rising needs of the global target audience, the global GIS controller market has been segmented based on the following:
By the End-User
GIS controller Market Regional Analysis
The North American market is likely to be dominating the global GIS controller market with the largest market share and therefore accounting for the highest revenue amount. The European region holds the second largest market following North America. Europe is an advanced region when it is considered in terms of automotive, organized retail, aerospace, and defense and thereby is known to capture a lot of application segments of geographical information systems in this region.
The APAC region is expected to be the fastest-growing region in the global GIS market. With the increasing infrastructural growth in various countries in the region, the GIS trends are expected to be used for smart city planning and urban development programs.
China, as a part of the North American market, is investing heavily in infrastructure development and urban area planning. This funding and investment in the construction industry would boost the market for geospatial surveying technologies and prominent concepts such as GNSS receivers and GIS collectors. The substantial growth of the construction industry in Japan is creating opportunities for the GIS market in construction processes. With the emerging urban sector in the Indian subcontinent, there has been a considerable demand for geospatial technologies that can render major support to various types of urban development projects.
GIS controller Market Competitive Landscape
Some of the key players in the global GIS controller market include
The prominent players of the global market constantly keep innovating and investing in research and development to present a cost-effective portfolio. There have been recent developments like mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers.
GIS controller Market Recent Developments
|Market Size||USD 780 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Component, Application|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Autodesk Inc (U.S.), Bentley Systems, Incorporated (U.S.), Carto (U.S.), Hexagon AB (Sweden), Esri, Inc (U.S.), Pitney Bowes Inc.(U.S.), SuperMap Software Co., Ltd (China), Topcon Positioning Systems, Inc. (Japan), Trimble Inc (U.S.), MDA Information Systems LLC (U.S.)|
|Key Market Opportunities||Various improvements in the field of mobile telecom are expected to act as a potential growth factor, providing different opportunities for geographical information system market.|
|Key Market Drivers||The growth tends to be due to the growing penetration of geographical information system solutions in various industrial sectors such as government.|
Frequently Asked Questions (FAQ) :
The global market is likely to experience domination from the North American region.
The global market is witnessing a prominent growth of the European region.
The global market is expecting a global CAGR of 12.4%.