The global geographic information system (GIS) market is expected to increase from $7,612.9 million in 2014 to reach $14,623.8 million by 2020, growing at a CAGR of 11.4%. Among the various industry verticals, the Government sector accounted for about 28.3% share of the global GIS market in 2014. The increasing urbanization, in addition to the growth of enterprise GIS in developing countries, is expected to boost the demand of geographic information system during the forecast period.
During recent years, the demand for 3D based GIS has increased, owing to the development of smart cities in China, India, and other South East Asian countries. The use of 3D GIS is witnessing rapid growth in building surveillance application.
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According to Environmental Systems Research Institute Inc. (ESRI), the adoption of 3D based urban mapping is witnessing a rapid growth, owing to the conversion 2D to 3D mapping of smart cities. The modern GIS maps are constructed in a way that new data can be added, as it becomes available and hence the transition from 2D based map to 3D map is gaining pace. The real estate company utilizes the 3D based information to leverage marketing opportunity. Providing line of sight visualization in any direction from any location in a building, offers competitive advantage to the real estate developers.
The information and data in the publication “Global Geographic Information System (GIS) Market Size, Share, Development, Growth and Demand Forecast to 2020” represent the research and analysis of data from various primary and secondary sources. Both, top-down and bottom-up approach has been used to calculate the global geographic information system (GIS) market by type and technology. The market numbers for countries are obtained through bottom-up approach. P&S Market Research analysts and consultants interact with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
The increasing investment in GIS based infrastructure by government sector is among prime growth factors for the global GIS market. The increased investment in home land security, along with large capital funding for urban development in developing countries is driving the growth of global GIS market. The growth of facility management infrastructure has also benefited the penetration of enterprise GIS solution in the recent years. Recently, the government of India has started digital India initiative. The government along with the private sector companies is expected to invest heavily in improving internet connectivity and location based services infrastructure in the country, during the next five to six years.
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