Global Cloud GIS Market 2016-2020
Outlook of the global cloud GIS market
Technavio’s market research analyst predicts the global cloud GIS market to grow steadily at a CAGR of approximately 11% by 2020. The ability to access data efficiently is the primary growth driver for this market. Cloud GIS provides media-enriched location information from any place at any time, provided a fast and reliable internet connection is available. Compared to traditional GIS, this method of data retrieval saves time and cost because it allows users to easily access data. Since this method takes less time to analyze, share, and publish data, the adoption of cloud GIS solutions will witness a rapid increase during the forecast period. Furthermore, the ability of cloud GIS solutions to facilitate the data access across major end-user industries, such as BFSI, transportation, retail, healthcare, e-commerce, construction, marketing, sales, and real estate, will result in its augmented adoption during the forecast period.
End-user segmentation of the cloud GIS market
- Natural Resources
The use of GIS solutions in the government sector is likely 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.
Geographical segmentation of the cloud GIS market
The Americas currently accounts for approximately 47% of the total market share and is expected to grow at a CAGR of around 9% during the forecast period. Huge investments made by the government in this region for the development of GIS solutions will lead to the growth of this market in the Americas during the forecast period.
Competitive landscape and key vendors
The global cloud GIS 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.
Leading vendors in the market are -
Other prominent vendors in the market include GIS Cloud, Mapbox, Apple Maps, Google Maps, OpenStreetMap, and Bing Maps.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global cloud GIS market?
- What are the key market trends impacting the growth of the cloud GIS market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global cloud GIS market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the cloud GIS market?