Global GIS Market 2018-2022
A geographic information system (GIS) is a system tool that integrates software, hardware, and allied services to capture, analyse, store, manipulate, and present geographic or spatial data. A GIS is used by various end-user industries such as government, natural resources, military, utilities, and telecommunications.
Technavio’s analysts forecast the Global GIS Market to grow at a CAGR of 10.31% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the Global GIS Market. To calculate the market size, the report considers the revenue generated from the sales of software, data, and services for different end-user industries.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global GIS Market 2018-2022
Technavio recognizes the following companies as the key players in the Global GIS Market: Autodesk, ESRI, HEXAGON, Maxar Technologies, Pitney Bowes
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increasing use of GIS solutions for soil and water management. Increasing use of GIS solutions for mapping water resources for agricultural and conservation purposes will further proliferate the growth of the market in the forthcoming years.”
According to the report, one driver influencing this market is the rising application of GIS solutions in disaster management. Various systems including flood management, carbon management, and forest fire management are making use of the GIS technology as an effective tool for disaster management.
Further, the report states that one of the factors hindering the growth of this market is the lack of planning leading to implementation failures. Further, the complexity of the technology and technological constraints of the GIS is acting as a key challenge to the market’s growth.