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Global Geographic Information System (GIS) Market (Size of $7,613 million in 2014) to Witness 11% CAGR During 2015 – 2020

The global geographic information system (GIS) market is driven by increasing demand for geographically correlated information, globally. In the developed countries of North America and Western Europe, the GIS market has witnessed significant growth post economic slowdown. In developing countries, the increasing penetration of consumer navigation system, owing to the growth of connected mobile devices is driving the demand of GIS market. Over the past few years, the geographic information system market has witnessed high growth in the engineering and business service sector.

Although, the growth of the global GIS market is driven by various growth drivers, but it is hindered by numerous restrains, which includes growing demand of open-source GIS software, along with high cost of GIS software. The developing countries including China and India have large number of medium and small scale industries. However, the companies are less reluctant while investing in expensive GIS software. Moreover, the lack of skilled workforce and inadequate planning for GIS implementation in developing countries is also hindering the full flooded penetration of the global GIS market.

The size of a geographic information system often varies on case-to-case basis. The level of data integration depends largely on requirement. Geographic information system software encodes three distinct types of data that includes vector data, raster, and spatial data. The geographic information system is available in different format over the network, which includes mobile GIS, Web GIS and virtual globes. The data base management system (DBMS) acts as heart of the geographic information system. DBMS stores and manages both aspatial and spatial data used in the geographic information system. It facilitates searches, mathematical operation and grouping and un-grouping of location based data.

Over the past few years, the GIS technology has witnessed significant growth in disaster management, including flood management, forest fire management, carbon management and climate change. The government in developed country of North America and Europe are profoundly reliant on GIS for disaster management. Moreover, the GIS technology for disaster management is also witnessing increasing penetration in developing countries including China, Brazil, and India. The modern geographic information system provides real time information on geography, and any changes in the information lead to assessment by experts.

The integration of GIS and building information management (BIM), development in the virtual reality based 3D GIS mapping, along with the integration of the GIS mobile devices with sensor based technology has led to the lucrative growth in the spatial data availability for the new users. Moreover, the cloud based spatial data provides a cost effective cloud GIS computing solutions for organizations to enhance the productivity. Software as a service (SaaS) based cloud model is expected to be widely adopted in GIS solution during the forecast period.

Some of the major companies operating in the global geographic information system (GIS) market include Environmental Systems Research Institute Inc. (Esri), Pitney Bowes Inc., MacDonald, Dettwiler and Associates Ltd., SuperMap Software Co. Ltd., PASCO CORPORATION, Ubisense Group PLC., Bentley Systems Incorporated., Schneider Electric SE, and Autodesk Inc.

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