This industry research report includes a detailed segmentation of the global cloud GIS market by end users (natural resources, telecommunication, utilities, government, and others). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The leading vendors analyzed in this report are ESRI, Hexagon, and CartoDB.
Technavio’s market research analysts estimate the global cloud GIS market, to grow at a CAGR of 11% between 2016 and 2020. Cloud GIS provides media-enriched location information from any place at any time, provided a fast and reliable internet connection is available. The growing need to access data efficiently is a major factor boosting the demand for cloud GIS. The Americas dominates the cloud GIS market, occupying around 47% of the overall market share. Much of this region’s growth comes from the huge governments investments made for the development of GIS solutions.
The new market research report from Technavio provides a breakdown and analysis of the cloud GIS segments by technology.
“Vendors are coming up with integrated GIS solutions, where the enterprises can incorporate GIS solutions with multiple design, analysis, and simulation software. The integration of GIS solutions with enterprise resource planning (ERP) software helps in interpreting the market changes, changing customer requirements, the impact of sales strategies on end-users, and other information related to a given region by providing maps,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research.
The use of GIS solutions in the government sector is expected to witness strong growth during the forecast period. The implementation of stringent national security measures by various governments across the globe will bolster the need for GIS solutions in this sector until 2020.
Global cloud GIS market in government sector 2015-2020 ($ millions)
Source: Technavio, 2016
The leading vendors in the cloud GIS market inclide ESRI, Hexagon, and CartoDB. This market is highly competitive owing to the presence of many small and big players. The competitive environment in this market is expected to intensify with the increase in service extensions, technological innovations, and mergers and acquisitions. Furthermore, it is envisaged that the international players in this market will grow inorganically during the forecast period by acquiring regional or local players.
A more detailed analysis is available in the Technavio report, Global Cloud GIS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global GIS Market 2016-2020
- GIS Market in China 2015-2019
- Global Healthcare Information Systems Market 2015-2019 – Market Research
- Global Big Data Enabled Market 2015-2019
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