According to Technavio’s latest market research study, the global GIS market is expected to grow at a CAGR of close to 11% during the forecast period 2017-2021.
This report by Technavio provides an in-depth analysis of the global GIS market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the product type
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Global GIS market by software: The companies are offering industry-specific GIS software that will contribute to the growth of the market during the forecast period. The software segment in the GIS includes desktop, mobile, cloud, servers, and developer’s versions. The adoption of GIS software by enterprises in different developing countries will boost the demand for these solutions across the world and will encourage vendors to provide innovative products in the market.
“The players in the market are introducing open-source GIS software to overcome the threat of counterfeit products. The adoption of open-source GIS is one of the emerging trends in the market and will help generate high revenues during the forecast period. The implementation of cloud-based GIS software will increase standardization and interoperability among various organizations and will promote the use of big data and Internet of Things in daily operations,” says Amrita Choudhury, a lead analyst at Technavio for research on product lifecycle management.
Global GIS market by data: Predictive analysis data and digital maps data are the major part of the GIS data segment in the market. The use of predictive analysis will help organizations to perform business operations more effectively and efficiently. Key vendors in the market are offering digital maps data, including location details and geography to sustain the competition and increase their profitability. For instance, MDA, a leading vendor in the market is offering map information and other information via satellite.
Global GIS market by services: Various government agencies in different emerging nations are mandating the continuous maintenance and support for GIS vendors and services providers. The services offered by the leading players in this market segment includes consulting, implementation, training and education, and e-services. Consulting and implementation are the highest revenue generating services in the segment and will continue to dominate the sector during the forecast period.
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The top vendors operating in the global GIS market are:
- Autodesk
- ESRI
- Hexagon
- MDA
- Pitney Bowes
- SuperMap
Other prominent vendors in the market include AutoNavi, Caliper, China Information Technology, Google Maps, HERE, Mapbox, Navinfo, and Rolta India.
A more detailed analysis is available in the Technavio report titled, ‘Global GIS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global GIS Market in the Transportation Industry 2016-2020
- Global GIS in Telecom Sector Market 2016-2020
- Global Mobile GIS Market 2016-2020
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