Geographic Information System (GIS) Market Opportunities 2031
[Research Report] The Geographic Information System (GIS) market is expected to grow from US$ 12.10 billion in 2022 to US$ 32.4 billion by 2031; it is estimated to grow at a CAGR of 13.1% from 2022 to 2031.
Analyst Perspective:
GIS is used to power millions of decisions every day all over the world, such as examining crime patterns, pinpointing novel store locations, directing in-car navigation, and predicting and forecasting the weather, among others. The growing demand for location-based analytics among businesses to enhance operational efficiency and improve decision-making is driving the market growth. Similarly, the necessity to combine traditional data with three-dimensional data to get valuable insights from location-based information might open up novel growth opportunities for the Geographic information systems (GIS) market over the next few years.
The penetration of Inter of Things (IoT) platforms in business operations is fueling the generation of real-time location data for providing extremely appropriate and location-specific services to customers. Furthermore, the integration of location-based information system with IoT devices delivers precise data to users using geospatial data analysis tools. For instance, an IoT-enabled device can be observed from anywhere in the world by means of geospatial data. Some of the foremost things that are making the market grow are urbanization and the growth of smart cities, the incorporation of geospatial technology with other technologies for business intelligence, and the increasing investments in modern geographic information system (GIS) solutions.
The rise in the need for improving operational efficiency among numerous industries boosts the market demand. However, the accessibility of open-source alternatives for geographic information system (GIS) software technology restricts the growth of the geographic information system (GIS) market. On the other hand, an increase in demand for geographic information system (GIS) solutions in small & medium enterprises is anticipated to provide remunerative growth prospects for the Geographic information systems (GIS) market during the forecast period.
Geographic Information System (GIS) Market Overview:
Geographic information systems (GIS) are a systematized collection of software, computer hardware, geographic data, and individuals designed to professionally store, capture, manipulate, update, analyze, and represent all forms of geographically referenced data and information. Location based information system operates on data principally bearing a relationship to space, which is comprehensive of any data about events and things that occur in nature. Most of the leading Geographic information systems (GIS) vendors have developed cloud solutions. The location based information system user community is well aware of the benefits of cloud computing, and there are several options – private vs. public clouds, for example – from which end-users can select according to their exclusive requirements.
In addition, the proliferation of mobile devices is touching each industry and application, and GIS are no different. Developments in technology and mobile computing are aiding organizations to take location-based information system to the field, and they interact directly with the information needed to capture, view, update, and synchronize changes between the office and field. The necessity to access geospatial data anywhere at any time is growing. With mobile devices – tablets and smartphones– users are putting location-based mapping in the hands of the field workforce and replacing conventional paper forms with modern electronic devices. The field workforce can use maps to improve the validity of data, record observations, and respond to actions. This can improve the efficiency of the field workforce and the accuracy. Thus, market demand is increasing from numerous industries.
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Geographic Information System (GIS) Market: Strategic Insights
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Geographic Information System (GIS) Market: Strategic Insights
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Geographic Information System (GIS) Market Driver:
Increasing applications of Geographic information systems (GIS) in disaster management driving market growth.
The usage of location information solutions across numerous systems, such as flood management, forest fire management, carbon management, and climate change analyses, has made location based information system technology an effective tool in disaster management. The technology provides data on the geography and any deviations or changes in the typical data. Hence, the natural resources and government sector are profoundly dependent on this technology for disaster management.
For instance, the application of location based information system for forest fire management includes prescribed burn planning, fire risk assessment, forest fire simulation, and post-fire monitoring and assessment, and helps in simulating a forest fire. The application takes into consideration the fire-starting point, vegetation coverage, and topography using wind flow velocity and remote sensing. Thus, the usage of advanced technologies for disaster management and the growing use of information systems in such applications is anticipated to boost the global Geographic information systems market growth during the forecast period.
Geographic Information System (GIS) Market
Segmental Analysis:
The construction segment is anticipated to witness the maximum growth rate over the forecast period. Further, the growing application of information system in transport is expected to improve the Geographic information systems (GIS) market demand in the coming years. In agriculture, location information system technology is used to improve the effectiveness and efficiency of farming techniques. Therefore, wide applications of the technology are projected to fuel the growth of the market during the forecast period.
Based on offerings, the market is divided into software, hardware, and services. The services segment is anticipated to observe increased demand owing to the increasing use of spatial data analytics in numerous applications such as taxi aggregators, food delivery, and urban planning, among others. The hardware segment is expected to be one of the principal segments over the forecast period. Software-based location information system are widely used in spatial data analysis, digital mapping, spatial data processing, and spatial database management systems. Thus, the demand for the software segment is anticipated to increase substantially significantly during the forecast period.
The software segment of the market is projected to observe a rise in its year-over-year growth rate during the forecast period due to the increasing demand from the retail, telecommunications, and transportation sectors in developing countries. The growth of this segment is powered by the advantages related to information system software, which include intelligent linking and mapping, real-time global geographic visibility, and sophisticated sourcing across all the on-premises and cloud-based channels. Additionally, numerous commercial vendors provide open-source location software with limited features. Therefore, such benefits are anticipated to drive the segment growth during the forecast period.
Geographic Information System (GIS) Market
Regional Analysis:
The Asia Pacific Geographic information systems (GIS) market is anticipated to register a substantial CAGR during the forecast period. The growth is principally attributed to the increased use of location informatics in utilities, construction, and agricultural segments in the region. Countries such as Japan, China, and India witness a comparatively higher penetration rate of GIS compared to other countries. Thus, the market is anticipated to witness significant growth in these countries.
Europe contributes a significant market share in the market with foremost applications in transportation & logistics, utilities, and construction. MEA and South America are less penetrated by the location technologies and thus have great market potential to grow at a higher rate.
North America has a significant market share with a chief part of the revenue from desktop technologies. Being a pioneer in the adoption of progressive technologies across industries, North America is an attractive market. The US is one of the most prominent markets in the region. It is an important revenue contributor to the market in the region as it is the industrial capital of the world and a primary adopter of progressive technologies. Information system solutions are extensively used in the telecommunications and healthcare sectors in the US. Likewise, Canada also contributes pointedly to the market in the region. The government in the country is framing numerous action plans to revamp the healthcare sector and competently use the available resources. This will positively impact regional market growth.
Additionally, the industrial sector across the region is technologically mature and developed. The maturity of the sector leads to plenty of success stories that ultimately lead to a faster rate of technology implementation. Furthermore, the strong presence of major market vendors complements the overall market growth in the region. Therefore, all the factors mentioned earlier will boost the North American regional market growth over the forecast period.
Geographic information systems (GIS) Market
Key Player Analysis:
The market landscape consists of players such as Environmental Systems Research Institute, Inc., Hexagon AB, Pitney Bowes Inc., Autodesk Inc., Trimble, Inc., Bentley Systems, Inc., General Electric, Blue Marble Geographics, Maxar Technologies, and Caliper Corporation are the key players owing to the diversified product portfolio offered.
Geographic Information System (GIS) Market
Recent Developments:
Companies in the market highly adopt inorganic and organic strategies such as mergers and acquisitions. A few recent key market developments are listed below:
- In March 2023, Esri, an American multinational geographic information system software company, released novel desktop software to easily synthesize all sources of information. The new desktop software turns raw data into decision support by combining data from numerous sources. Analysts can leverage 2D and 3D maps, built-in link analysis, imagery exploitation, graphs, and video to uncover trends, patterns, and relationships in data to inform decision-making.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Geographic Information System Market - By Function
1.3.2 Geographic Information System Market - By Component
1.3.3 Geographic Information System Market - By Organization size
1.3.4 Geographic Information System Market - By End User
1.3.5 Geographic Information System Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. GEOGRAPHIC INFORMATION SYSTEM MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. GEOGRAPHIC INFORMATION SYSTEM MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. GEOGRAPHIC INFORMATION SYSTEM MARKET - GLOBAL MARKET ANALYSIS
6.1. GEOGRAPHIC INFORMATION SYSTEM - GLOBAL MARKET OVERVIEW
6.2. GEOGRAPHIC INFORMATION SYSTEM - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. GEOGRAPHIC INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - FUNCTION
7.1. OVERVIEW
7.2. FUNCTION MARKET FORECASTS AND ANALYSIS
7.3. MAPPING
7.3.1. Overview
7.3.2. Mapping Market Forecast and Analysis
7.4. SURVEYING
7.4.1. Overview
7.4.2. Surveying Market Forecast and Analysis
7.5. TELEMATICS AND NAVIGATION
7.5.1. Overview
7.5.2. Telematics and Navigation Market Forecast and Analysis
7.6. LOCATION BASED SERVICES
7.6.1. Overview
7.6.2. Location Based Services Market Forecast and Analysis
8. GEOGRAPHIC INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
8.1. OVERVIEW
8.2. COMPONENT MARKET FORECASTS AND ANALYSIS
8.3. HARDWARE
8.3.1. Overview
8.3.2. Hardware Market Forecast and Analysis
8.4. SOFTWARE
8.4.1. Overview
8.4.2. Software Market Forecast and Analysis
9. GEOGRAPHIC INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - ORGANIZATION SIZE
9.1. OVERVIEW
9.2. ORGANIZATION SIZE MARKET FORECASTS AND ANALYSIS
9.3. SMALL AND MEDIUM SIZED ENTERPRISES
9.3.1. Overview
9.3.2. Small and Medium Sized Enterprises Market Forecast and Analysis
9.4. LARGE ENTERPRISES
9.4.1. Overview
9.4.2. Large Enterprises Market Forecast and Analysis
10. GEOGRAPHIC INFORMATION SYSTEM MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. AGRICULTURE
10.3.1. Overview
10.3.2. Agriculture Market Forecast and Analysis
10.4. OIL AND GAS
10.4.1. Overview
10.4.2. Oil and Gas Market Forecast and Analysis
10.5. CONSTRUCTION
10.5.1. Overview
10.5.2. Construction Market Forecast and Analysis
10.6. MINING
10.6.1. Overview
10.6.2. Mining Market Forecast and Analysis
10.7. TRANSPORTATION
10.7.1. Overview
10.7.2. Transportation Market Forecast and Analysis
10.8. UTILITIES
10.8.1. Overview
10.8.2. Utilities Market Forecast and Analysis
11. GEOGRAPHIC INFORMATION SYSTEM MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Geographic Information System Market Overview
11.1.2 North America Geographic Information System Market Forecasts and Analysis
11.1.3 North America Geographic Information System Market Forecasts and Analysis - By Function
11.1.4 North America Geographic Information System Market Forecasts and Analysis - By Component
11.1.5 North America Geographic Information System Market Forecasts and Analysis - By Organization size
11.1.6 North America Geographic Information System Market Forecasts and Analysis - By End User
11.1.7 North America Geographic Information System Market Forecasts and Analysis - By Countries
11.1.7.1 United States Geographic Information System Market
11.1.7.1.1 United States Geographic Information System Market by Function
11.1.7.1.2 United States Geographic Information System Market by Component
11.1.7.1.3 United States Geographic Information System Market by Organization size
11.1.7.1.4 United States Geographic Information System Market by End User
11.1.7.2 Canada Geographic Information System Market
11.1.7.2.1 Canada Geographic Information System Market by Function
11.1.7.2.2 Canada Geographic Information System Market by Component
11.1.7.2.3 Canada Geographic Information System Market by Organization size
11.1.7.2.4 Canada Geographic Information System Market by End User
11.1.7.3 Mexico Geographic Information System Market
11.1.7.3.1 Mexico Geographic Information System Market by Function
11.1.7.3.2 Mexico Geographic Information System Market by Component
11.1.7.3.3 Mexico Geographic Information System Market by Organization size
11.1.7.3.4 Mexico Geographic Information System Market by End User
11.2. EUROPE
11.2.1 Europe Geographic Information System Market Overview
11.2.2 Europe Geographic Information System Market Forecasts and Analysis
11.2.3 Europe Geographic Information System Market Forecasts and Analysis - By Function
11.2.4 Europe Geographic Information System Market Forecasts and Analysis - By Component
11.2.5 Europe Geographic Information System Market Forecasts and Analysis - By Organization size
11.2.6 Europe Geographic Information System Market Forecasts and Analysis - By End User
11.2.7 Europe Geographic Information System Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Geographic Information System Market
11.2.7.1.1 Germany Geographic Information System Market by Function
11.2.7.1.2 Germany Geographic Information System Market by Component
11.2.7.1.3 Germany Geographic Information System Market by Organization size
11.2.7.1.4 Germany Geographic Information System Market by End User
11.2.7.2 France Geographic Information System Market
11.2.7.2.1 France Geographic Information System Market by Function
11.2.7.2.2 France Geographic Information System Market by Component
11.2.7.2.3 France Geographic Information System Market by Organization size
11.2.7.2.4 France Geographic Information System Market by End User
11.2.7.3 Italy Geographic Information System Market
11.2.7.3.1 Italy Geographic Information System Market by Function
11.2.7.3.2 Italy Geographic Information System Market by Component
11.2.7.3.3 Italy Geographic Information System Market by Organization size
11.2.7.3.4 Italy Geographic Information System Market by End User
11.2.7.4 United Kingdom Geographic Information System Market
11.2.7.4.1 United Kingdom Geographic Information System Market by Function
11.2.7.4.2 United Kingdom Geographic Information System Market by Component
11.2.7.4.3 United Kingdom Geographic Information System Market by Organization size
11.2.7.4.4 United Kingdom Geographic Information System Market by End User
11.2.7.5 Russia Geographic Information System Market
11.2.7.5.1 Russia Geographic Information System Market by Function
11.2.7.5.2 Russia Geographic Information System Market by Component
11.2.7.5.3 Russia Geographic Information System Market by Organization size
11.2.7.5.4 Russia Geographic Information System Market by End User
11.2.7.6 Rest of Europe Geographic Information System Market
11.2.7.6.1 Rest of Europe Geographic Information System Market by Function
11.2.7.6.2 Rest of Europe Geographic Information System Market by Component
11.2.7.6.3 Rest of Europe Geographic Information System Market by Organization size
11.2.7.6.4 Rest of Europe Geographic Information System Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Geographic Information System Market Overview
11.3.2 Asia-Pacific Geographic Information System Market Forecasts and Analysis
11.3.3 Asia-Pacific Geographic Information System Market Forecasts and Analysis - By Function
11.3.4 Asia-Pacific Geographic Information System Market Forecasts and Analysis - By Component
11.3.5 Asia-Pacific Geographic Information System Market Forecasts and Analysis - By Organization size
11.3.6 Asia-Pacific Geographic Information System Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Geographic Information System Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Geographic Information System Market
11.3.7.1.1 Australia Geographic Information System Market by Function
11.3.7.1.2 Australia Geographic Information System Market by Component
11.3.7.1.3 Australia Geographic Information System Market by Organization size
11.3.7.1.4 Australia Geographic Information System Market by End User
11.3.7.2 China Geographic Information System Market
11.3.7.2.1 China Geographic Information System Market by Function
11.3.7.2.2 China Geographic Information System Market by Component
11.3.7.2.3 China Geographic Information System Market by Organization size
11.3.7.2.4 China Geographic Information System Market by End User
11.3.7.3 India Geographic Information System Market
11.3.7.3.1 India Geographic Information System Market by Function
11.3.7.3.2 India Geographic Information System Market by Component
11.3.7.3.3 India Geographic Information System Market by Organization size
11.3.7.3.4 India Geographic Information System Market by End User
11.3.7.4 Japan Geographic Information System Market
11.3.7.4.1 Japan Geographic Information System Market by Function
11.3.7.4.2 Japan Geographic Information System Market by Component
11.3.7.4.3 Japan Geographic Information System Market by Organization size
11.3.7.4.4 Japan Geographic Information System Market by End User
11.3.7.5 South Korea Geographic Information System Market
11.3.7.5.1 South Korea Geographic Information System Market by Function
11.3.7.5.2 South Korea Geographic Information System Market by Component
11.3.7.5.3 South Korea Geographic Information System Market by Organization size
11.3.7.5.4 South Korea Geographic Information System Market by End User
11.3.7.6 Rest of Asia-Pacific Geographic Information System Market
11.3.7.6.1 Rest of Asia-Pacific Geographic Information System Market by Function
11.3.7.6.2 Rest of Asia-Pacific Geographic Information System Market by Component
11.3.7.6.3 Rest of Asia-Pacific Geographic Information System Market by Organization size
11.3.7.6.4 Rest of Asia-Pacific Geographic Information System Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Geographic Information System Market Overview
11.4.2 Middle East and Africa Geographic Information System Market Forecasts and Analysis
11.4.3 Middle East and Africa Geographic Information System Market Forecasts and Analysis - By Function
11.4.4 Middle East and Africa Geographic Information System Market Forecasts and Analysis - By Component
11.4.5 Middle East and Africa Geographic Information System Market Forecasts and Analysis - By Organization size
11.4.6 Middle East and Africa Geographic Information System Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Geographic Information System Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Geographic Information System Market
11.4.7.1.1 South Africa Geographic Information System Market by Function
11.4.7.1.2 South Africa Geographic Information System Market by Component
11.4.7.1.3 South Africa Geographic Information System Market by Organization size
11.4.7.1.4 South Africa Geographic Information System Market by End User
11.4.7.2 Saudi Arabia Geographic Information System Market
11.4.7.2.1 Saudi Arabia Geographic Information System Market by Function
11.4.7.2.2 Saudi Arabia Geographic Information System Market by Component
11.4.7.2.3 Saudi Arabia Geographic Information System Market by Organization size
11.4.7.2.4 Saudi Arabia Geographic Information System Market by End User
11.4.7.3 U.A.E Geographic Information System Market
11.4.7.3.1 U.A.E Geographic Information System Market by Function
11.4.7.3.2 U.A.E Geographic Information System Market by Component
11.4.7.3.3 U.A.E Geographic Information System Market by Organization size
11.4.7.3.4 U.A.E Geographic Information System Market by End User
11.4.7.4 Rest of Middle East and Africa Geographic Information System Market
11.4.7.4.1 Rest of Middle East and Africa Geographic Information System Market by Function
11.4.7.4.2 Rest of Middle East and Africa Geographic Information System Market by Component
11.4.7.4.3 Rest of Middle East and Africa Geographic Information System Market by Organization size
11.4.7.4.4 Rest of Middle East and Africa Geographic Information System Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Geographic Information System Market Overview
11.5.2 South and Central America Geographic Information System Market Forecasts and Analysis
11.5.3 South and Central America Geographic Information System Market Forecasts and Analysis - By Function
11.5.4 South and Central America Geographic Information System Market Forecasts and Analysis - By Component
11.5.5 South and Central America Geographic Information System Market Forecasts and Analysis - By Organization size
11.5.6 South and Central America Geographic Information System Market Forecasts and Analysis - By End User
11.5.7 South and Central America Geographic Information System Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Geographic Information System Market
11.5.7.1.1 Brazil Geographic Information System Market by Function
11.5.7.1.2 Brazil Geographic Information System Market by Component
11.5.7.1.3 Brazil Geographic Information System Market by Organization size
11.5.7.1.4 Brazil Geographic Information System Market by End User
11.5.7.2 Argentina Geographic Information System Market
11.5.7.2.1 Argentina Geographic Information System Market by Function
11.5.7.2.2 Argentina Geographic Information System Market by Component
11.5.7.2.3 Argentina Geographic Information System Market by Organization size
11.5.7.2.4 Argentina Geographic Information System Market by End User
11.5.7.3 Rest of South and Central America Geographic Information System Market
11.5.7.3.1 Rest of South and Central America Geographic Information System Market by Function
11.5.7.3.2 Rest of South and Central America Geographic Information System Market by Component
11.5.7.3.3 Rest of South and Central America Geographic Information System Market by Organization size
11.5.7.3.4 Rest of South and Central America Geographic Information System Market by End User
12. INDUSTRY LANDSCAPE
12.1. MERGERS AND ACQUISITIONS
12.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
12.3. NEW PRODUCT LAUNCHES
12.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
13. GEOGRAPHIC INFORMATION SYSTEM MARKET, KEY COMPANY PROFILES
13.1. AUTODESK, INC.
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Products and Services
13.1.4. Financial Overview
13.1.5. SWOT Analysis
13.1.6. Key Developments
13.2. BENTLEY SYSTEM
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Products and Services
13.2.4. Financial Overview
13.2.5. SWOT Analysis
13.2.6. Key Developments
13.3. CALIPER CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Products and Services
13.3.4. Financial Overview
13.3.5. SWOT Analysis
13.3.6. Key Developments
13.4. GENERAL ELECTRIC CO.
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Products and Services
13.4.4. Financial Overview
13.4.5. SWOT Analysis
13.4.6. Key Developments
13.5. HEXAGON AB
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Products and Services
13.5.4. Financial Overview
13.5.5. SWOT Analysis
13.5.6. Key Developments
13.6. MACDONALD DETTWILER AND ASSOCIATES LTD.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Products and Services
13.6.4. Financial Overview
13.6.5. SWOT Analysis
13.6.6. Key Developments
13.7. PITNEY BOWES INC.
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Products and Services
13.7.4. Financial Overview
13.7.5. SWOT Analysis
13.7.6. Key Developments
13.8. ENVIRONMENTAL SYSTEMS RESEARCH INSTITUTE, INC. (ESRI)
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Products and Services
13.8.4. Financial Overview
13.8.5. SWOT Analysis
13.8.6. Key Developments
13.9. TOPCON CORPORATION
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Products and Services
13.9.4. Financial Overview
13.9.5. SWOT Analysis
13.9.6. Key Developments
13.10. TRIMBLE INC.
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Products and Services
13.10.4. Financial Overview
13.10.5. SWOT Analysis
13.10.6. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
The List of Companies
1. Autodesk, Inc.
2. Bentley System
3. Caliper Corporation
4. General Electric Co.
5. Hexagon AB
6. Macdonald Dettwiler and Associates Ltd.
7. Pitney Bowes Inc.
8. Environmental Systems Research Institute, Inc. (ESRI)
9. Topcon Corporation
10. Trimble Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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