LONDON–The global cloud GIS market was valued at $519 million in 2015 and is expected to surpass 875 million by 2020, growing at a CAGR of 11%.
Global cloud GIS market was valued at USD 519 million in 2015 and is expected to surpass USD 875 million by 2020.
In this report, Technavio covers the present scenario and growth prospects of the global cloud GIS market for 2016-2020. Based on end user platforms, the market is divided into the following segments: natural resources, telecommunication, utilities, government, and other.
The cloud GIS market is also segmented into the following regions:
The Americas: largest cloud GIS market
The Americas dominated the market in 2015 because of increased demand for GIS technology in the US. The region is expected to slightly increase its market share by 2020, accounting for 43.7% of the market.
Many US companies are heavily investing in the use of GIS technology in the utilities and natural resources industries. Most major GIS vendors are located in the US and provide major services throughout the US.
Apple, Esri, Google, Mapbox, and Microsoft are some of the key vendors headquartered in the US. GIS Cloud is another leading vendor but is located in London, UK.
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EMEA to grow at a CAGR over 11% through 2020
EMEA is the second largest region in terms of market share and also is the second fastest growing region. The cloud GIS market in EMEA was valued at USD 148 million in 2015 and is expected to reach USD 253 million by 2020, growing at a CAGR of 11%.
GIS solutions in EMEA are used by multiple organizations across various sectors, including the federal government, utilities, natural resources, communications and telecom, the military, and law enforcement.
“The growing need for faster and more effective decision-making processes boosts the demand for GIS technology in EMEA. Many organizations increasingly depend on GIS solutions to improve their understanding of the demographics of a given region,” said Technavio lead enterprise application research analyst Navin Rajendra. “GIS solutions are used in other applications such as facility management, which helps to optimize inbound supply chains. In addition, the rise in investments by the federal government sector contributes to market growth.”
Cloud GIS in APAC growing rapidly
APAC is currently the smallest region for the cloud GIS market but perhaps not for long. The region is growing at a CAGR of over 14% and will reach USD 240 million by 2020.
China, Japan, South Korea, and India are the major revenue contributors for the region. The government of India has started the implementation of Digital India, an initiative to improve Internet connectivity and infrastructure in order to allow people to easily avail themselves of government services.
GIS are used in APAC to compare and map the population and infrastructure of various areas. It is also used for land management as land records and ownership details are managed using GIS.
In Japan, GIS are used to detect natural disasters like earthquakes. It assesses the risk in a given location using data inputs such as population, natural resources, and geographical conditions. It is also used in rescue and recovery operations.
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