According to a market research conducted and published by P&S Market Research, a growth of the global GIS market at a compound annual growth rate (CAGR) of 11.4 percent is expected between 2014 and 2020. It means an increase from US$7,612.9 million to US$14,623.8 million within six years. That is nearly a doubling.
Government sector accounts for a huge share of the global GIS market of about 28.3 percent (2014)
Different factors cause this increase of GIS software. One of them is the growing number of companies in developing countries using GIS software. As a result of the development of smart cities in China, India, Malaysia and other South East Asian countries in recent years, the 3D based GIS market grew markedly. Especially the area of building surveillance boosts the use of 3D GIS. There are considerable transitions from 2D based maps to 3D maps. The use of 3D GIS software by real estate companies is no exemption anymore. They are able to leverage more marketing opportunities with it compared with 2D GIS software. Providing line of sight visualisations in any direction from any location in a building offers competitive advantages to the real estate developers.
Recently, the government of India has started the Digital India programme. The government along with private sector companies is expected to invest heavily in improving internet connectivity and location based service infrastructure in the country, during the next five to six years. GIS software will be an essential component.
The upsurge in urbanisation along with purposed investment in smart cities in the region is expected to boost the demand of GIS in the coming years
An essential growth factor for the global GIS market is the increasing investment in GIS based infrastructure by the government sector. Additionally, growing investments in homeland security, along with large capital funding for urban development in developing countries, boosts the global GIS market. The growth of facility management infrastructure has also benefited the penetration of enterprise GIS solution in the recent years.
The market research is based on data from various primary and secondary sources. Both, bottom-up and top-down approach has been used to calculate the GIS market by technology and type.
Asia-Pacific is expected to be the fastest growing GIS market during the forecast period, owing to the increasing penetration of GIS solutions in utility sector, government sector, and water and waste water sector in developing countries, including India and China. The upsurge in urbanisation along with purposed investment in smart cities in the region is expected to boost the demand of GIS in the coming years.
Especially interactive maps, provided by the internet, are getting more and more popular. Technological advancement opens up more and more dimensions. For those who are interested in impressive GIS results – Take a look at recently published maps like Worldwide City Populations 1950-2030, Mapping building based emissions and street trees of New York City or World Air Quality (Index).