Global GIS Market 2016-2020
Outlook of the geographic information system (GIS) market
Geographic information system is a set of tools used to interpret business and geospatial data. It integrates hardware, software, data, and services for processing business and geographically referenced data. Some of the other applications of GIS include disaster management, finding location details, transportation, natural resources, and telecommunications. The analysts at Technavio have estimated factors like the increasing need for efficient land management is one of the key growth drivers of this market. An expanding population increases the complexity of community planning as well as rural and urban land management. The use of conventional practices for land administration involves paperwork which can lead to discrepancies, resulting in illegal practices like land scams and cases of unauthorized possession. The GIS technology provides valuable information related to land registration details, vacant land area, mining activities for effective land management. Moreover, GIS also helps in logistics management and location identification for better community planning and asset management. Extensive research carried out by the market analysts in Technavio has shown that the global GIS market to grow impressively at a CAGR of more than 10% during the forecast period.
Factors such as the increasing adoption of GIS in video games is expected to propel the growth prospects of this market in the coming years. Games have complex spatial components in virtual worlds, and GIS enables simulation of these virtual geographies into the game. Therefore, game designers are using GIS spatial datasets from GIS databases to create realistic worlds within the video games to make them more engaging for the players. The rapid growth of the video game market will translate into the growth of the GIS market during the forecast period.
Product segmentation and analysis of the global GIS market
During 2015, the software segment dominated the GIS market and accounted for close to 49% of the market share. Vendors offer industry-specific GIS software which will, in turn, propel the growth prospects of the GIS software segment. Moreover, many developing countries have started adopting GIS software which will aid in the growth of this market until the end of 2020.
Geographical segmentation and analysis of the global GIS market
During 2015, the Americas accounted for the largest share of the market with nearly 42% in terms of revenue. Currently, the market is generating a large part of the revenue from developed countries, especially the US and the UK.
Competitive landscape and key vendors
The global GIS market is highly fragmented owing to the presence of many well-diversified international, regional and local players. Although the market has the presence of new vendors, they find it increasingly difficult to compete with the international vendors in terms of quality, functionalities, features, and services. The vendor competition will intensify with an increase in service extensions, technological innovations, and M&A.
Key vendors in this market are -
Other prominent vendors include Bentley, Pitney Bowes, Here, CartoDB, Mapbox, GIS Cloud, Ordnance Survey, Microsoft, Google, Digital Globe, Navinfo, USGS, and Autonavi.
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 GIS market?
- What are the key market trends impacting the growth of the global GIS market?
- What are the challenges to market growth?
- Who are the key vendors in the global GIS market?
- What are the market opportunities and threats faced by the vendors in the global 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 global GIS market?
Technavio also offers customization on reports based on specific client requirement.
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