Expansion of smart cities and urbanization, integration of geospatial technology with mainstream technologies for business intelligence, and increasing adoption of GIS solutions in transportation are the key driving factors for the market.

The geographic information system (GIS) market was valued at USD 5.33 Billion in 2016 and is projected to reach USD 10.12 Billion by 2023, growing at a CAGR of 9.6% between 2017 and 2023.

The users face issues in collecting data in closed or covered areas such as a thick forest. GIS collector helps users to gather reliable and accurate data in these areas. GIS collector is estimated to lead the hardware market during the forecast period owing to the increasing demand for collectors for capturing and mapping the data in agriculture, construction, and utilities. GIS collector offers field data collection in both online and offline modes. It also supports external GNSS/GPS receivers for improved spatial data collection.

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The growth in industrialization and urbanization propels the growth of the market in construction. The growing construction activities across the world has created a request 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.

APAC is projected to be the fastest-growing market for GIS during the forecast period. In this area, 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).

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