Technavio’s market research
This market research report identifies players like Autodesk, ESRI, Hexagon, MDA, Pitney Bowes, and SuperMap to be the key vendors in the global GIS market. This research report also presents a detailed segmentation of the market by product (software, services, and data), end-user (government, natural resources, utilities, military, telecommunications, transportation, and others), and geography (the Americas, APAC, and EMEA).
Overview of the global GIS market
Technavio’s market research analyst predicts that the global GIS market will grow at a CAGR of more than 10% between 2017 and 2021. Organizations are increasingly adopting enterprise GIS, which enables access to all geospatial data and applications within the organization. To follow a consistent methodology to address the needs of all business units, they adopt an enterprise GIS, which helps in sharing resources, data, and applications, as well as increasing operational efficiency. Such system allows greater interdepartmental communication and resource sharing and better decision-making. Caliper has come up with an enterprise GIS software, Maptitude for using mapping software within an organization. Through its implementation, the geographic data can be managed, shared, and used by multiple users in the organization for presentation and analysis. One of the latest developments in the market is the integration of GIS and big data analytics. The merger has created a new procedure for analyzing high volumes of clustered data. Recently, GIS provider, ESRI has designed a GIS tool for Hadoop, which allows the use of Hadoop context for spatial analysis on spatial data. It is an open-source software for big spatial data analysis and helps in the visualization and analysis of maps.
Geographically, the Americas accounted for the largest share in the global market during 2016. Much of the region’s high growth can be attributed to the growing adoption of GIS in the healthcare sector in North America. The military sector is one of the key end-users, which is developing GIS software since the introduction of GIS in the US. Also, the growing use of GIS technology in the utility sector will further contribute to the growth of the GIS market in the Americas.
Competitive landscape and key vendors
The GIS market is extremely fragmented with the presence of several well-diversified global, regional, and local vendors. The market comprises many local and regional players who offer different GIS software, data, and services at a relatively affordable rate than their international counterparts. Several new players are expected to enter this market during the forecast period. However, they will find it difficult to compete with the global vendors in terms of quality, functionalities, features, and services. The competitive environment in this market will become more intense with the increase in service extensions, technological innovations, and M&A.
Leading vendors in the market are -
Autodesk
ESRI
Hexagon
MDA
Pitney Bowes
SuperMap
Other prominent vendors in the GIS market include AutoNavi, Caliper, China Information Technology, Google Maps, HERE, Mapbox, Navinfo, and Rolta India.
Segmentation by product and analysis of the GIS market
Software
Services
Data
The software segment dominated the market and accounted for the highest market share in 2016. With many companies relying on intelligent maps for effective decision-making on capacity planning and other activities such as improved service and next-generation enhancement, the software segment is likely to witness high growth over the next four years. The increased adoption of open-source GIS is one of the emerging trends in this market space.
End-user segmentation and analysis of the GIS market
Government
Natural resources
Utilities
Military
Telecommunications
Transportation
The government sector is the largest end-user of GIS technology and dominated the market during 2016. GIS maintains and stores a large amount of up-to-date spatial data and integrates it with the country's other information systems such as the census. Governments need GIS for all the topographical details of the country, its development, community planning, information on the development of rural and urban areas, high alert areas, and disaster-hit areas. With the growing use of GIS to improve decision-making processes within the government sector, the market will grow significantly in the coming years.
Key questions answered in the report include
What will the market size and the growth rate be in 2021?
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?