This market analysis includes a detailed segmentation of the global GIS market by product type (software, services, and data) and by end users (government, natural resources, utilities, military, telecommunication, and others). It also outlines the market shares for key regions like the Americas, APAC, and EMEA. The top vendors analyzed in this report are ESRI, Hexagon, and MDA.
Technavio has released a new market research report on the global GIS market, which is expected to grow at a CAGR of 10% between 2016 and 2020. The ability of GIS to enhance the end users’ productivity, decision-making ability, and safety and security standards will result in its augmented adoption during the forecast period. The Americas lead the global market for GIS, accounting for 42% of the total market revenue. The recent increase in the usage of GIS technology across the utilities and healthcare sectors will contribute towards its growth during the predicted period
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Vendors are coming up with such design models that help them to develop new and advanced GIS technology. For instance, Esri’s ArcGIS 10 has innovative features such as pen-in-ink sketching and the data-creation experience, which allows users to create plans and analyze them using existing geoprocessing models for suitability analysis. ArcGIS is evolving as a complete platform for geodesign with its web collaboration, scenario management, design iteration, and data-sharing tools,” says Amrita Chaudury, Lead Analyst, ICT, Technavio Research
Technavio market research analysts estimate the government sector to be the fastest growing market segment during the forecast period. The ability of GIS solutions to provide details pertaining to the geography, its development, community planning details, information on the development of rural and urban areas, high alert areas, and disaster-hit areas will result in the strong growth of this segment
The leading vendors in the global GIS market include ESRI, Hexagon, and MDA. This market is extremely fragmented and is characterized by the presence of multiple international, regional, and local suppliers. In this market, the vendors that have the ability to provide various GIS software, data, and services at low prices will gain a competitive edge over their peers. Though new vendors are emerging in this market, they find it increasingly difficult to compete with the international vendors in terms of product quality, features, functionalities, and services.
A more detailed analysis is available in the Technavio report, Global GIS Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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