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 GIS Controller Market Report 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.
Global GIS Market Segmentation
The global GIS controller market can be classified on the basis of device, component, application, and region.
On the basis of the device, the global GIS controller market can be segregated into mobile and desktop.
On the basis of component, the global GIS controller market is segregated into software, hardware, and services
On the basis of application, the global GIS controller market is segregated into telecommunication, transportation, agriculture, mining, construction, oil gas, government, aerospace, utilities, and others.
On the basis of region, the global GIS market can be segregated into North America, Europe, Asia Pacific, and the Rest of the World.
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GIS Controller Regional Analysis
North America is leading the global GIS controller market by acquiring the maximum market share and hence, holding the highest revenue amount. Europe acquires the second largest market following North America. Europe is a developed region with respect to organized retail, automotive, aerospace, and defense and hence, it covers various application verticals of regional information systems in this region. Several public and private enterprises have been accumulating domain-specific data which comprises issues such as supply chain, intrusion identification, fraud identification, marketing, national security, and hence providing opportunities for expansion to this market.
The Asia Pacific region is believed to be the fastest expanding market during the review period. This expansion happens because of the rising penetration of geographical information system methods in several industry verticals such as construction, government, water and wastewater management and mining in nations like China and India. The APAC region holds the third largest geographical information system market. Nations like China, Taiwan, and South Korea, acquired approximately 60% of the electronic component producers, and most of them grab a large opportunity in providing services for the geographical information system market. Furthermore, a large increment in urbanization and the population and heavy expenditure towards building smart cities is estimated to strengthen the demand for GIS systems in the forthcoming future.
The Middle East Africa is on the expanding owing to the factors such as large development of broadband infrastructure aiding the organizations in the telecom sector to seize the opportunity and help in the expansion of the market.
Some of the most important competitors in the global GIS controller market consist of Bentley Systems, Autodesk Inc (U.S.), Incorporated (U.S.), Hexagon AB (Sweden), Carto (U.S.), Esri, Inc (U.S.), SuperMap Software Co., Ltd (China), Pitney Bowes Inc.(U.S.), Topcon Positioning Systems, Inc. (Japan), MDA Information Systems LLC (U.S.) Trimble Inc (U.S.), and others. The eminent players continuously innovate and spend in research and development in order to create an economic portfolio. There have been recent mergers and acquisitions among the major competitors where the organizations estimate to strengthen their contact and reach to their customers.
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Table of Content:
GIS Controller Market Research Report 2020-2027
Chapter 1: Industry Overview
Chapter 2: GIS Controller Market International and Market Analysis
Chapter 3: Environment Analysis of Biofertilizers
Chapter 4: Analysis of Revenue by Classifications
Chapter 5: Analysis of GIS Controller Market Revenue Market Status
Chapter 6: Analysis of Revenue by Regions and Applications
Chapter 7: Analysis of GIS Controller Market Key Manufacturers
Chapter 8: Sales Price and Gross Margin Analysis
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