GIS in BRIC countries: Key market research findings
- Growing application of GIS in disaster management propels market growth
- The retail and real estate segment accounts for a majority of the market’s revenue
- Key vendors – Autodesk, Bentley Systems, Esri, and Hexagon
Technavio’s market research analysts predict the GIS market in BRIC countries to grow at a CAGR of more than 18% between 2016 and 2020. The demand for geographic information system (GIS) is augmented by its increasing application in disaster management. The increased use of GIS analytics in forest fire management, earthquakes, flood management, and carbon management makes GIS technology an efficient tool for disaster management. GIS provides geographical information that is useful to detect areas that are prone to disasters. During 2015, Europe led the global GIS market with a share of around 32%. The increased need for faster and more effective decision-making processes in the retail sector is expected to fuel growth in the GIS market in Europe during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the GIS segments based on the end-user.
“The integration of GIS with big data analytics is gaining a lot of market traction at present. This integration leads to a new way of analyzing and sorting large volumes of cluttered data to obtain meaningful and useful data.The GIS analytics provider Esri has already built tools for Hadoop that help to use the Hadoop framework for spatial analysis on spatial data,” says Amrita Choudhury, Lead Analyst, ICT, Technavio Research.
During 2015, the retail and real estate industries accounted for a majority of the market’s revenue by occupying around 29% of the market share. GIS analytics helps retailers to achieve a competitive advantage by providing multiple layered maps with real-time location monitoring. GIS analytics provides details of products sold in each geographical location, making it easier for manufacturers and suppliers to understand the demand for each product.
The key vendors in the market include Autodesk, Bentley Systems, Esri, and Hexagon. Due to the presence of a large number of well-diversified international, regional, and local GIS service providers, the GIS market in BRIC countries appears to be highly fragmented. Though local and regional vendors offer GIS solutions to customers at competitive prices, they find it difficult to compete with established international vendors in terms of quality, features, functionality, data content, and services. The coming years will witness intense vendor competition, which can be attributed to the increase in service extensions, technological innovations, and M&A activities. To gain a considerable share of the market and to increase their geographical reach, international vendors will also start focusing on acquiring regional vendors.
A more detailed analysis is available in the Technavio report, GIS Market in BRIC countries 2016-2020.
We can customize reports by other regions and specific segments upon request.
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