Global GIS Market – Industry Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–#EnterpriseApplication—Technavio
analysts have forecasted the global
GIS market to grow at a CAGR of more than 10% during the
forecast period, 2018-2022, according to their latest market research
report.

The increasing use of GIS solutions for soil and water management is one
of the major trends that is being observed in the market. GIS solutions
are widely used for soil and water management. These solutions help in
mapping water resources for agricultural and conservation purposes. They
aid in creating agricultural water rights and tracking water right
transactions. The big data and analytics wing of a major vendor is
planning to create GIS solutions for monitoring and managing the water
supply in India. This vendor will work in close association with the
Bangalore Water Supply and Sewerage Board using a center-based solution
that was created and tested in a software lab in India. The setup has a
real-time view of flow meters throughout the city. These flow meters
will assess the key performance indicators such as the flow rate, total
flow in 24 hours, and the average total flow in a week and its location.

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In this report, Technavio market research analysts highlight the
integration of BIM and GIS as a key factor contributing to the growth of
the global GIS
market:

Integration of BIM and GIS

One of the major factors, which is driving the global GIS market is the
increasing integration of GIS solutions with building information
modeling (BIM). BIM has certain levels of implementation. In the primary
level, BIM software is used with a GIS for organizing and standardizing
2D and 3D design data. In the secondary level of BIM implementation, GIS
and BIM software work along to integrate 3D computer-aided design (CAD)
in construction works. A GIS adds value to BIM by visualizing and
analyzing the data regarding buildings and the surrounding features such
as environmental and demographic information. BIM data and workflows
include information regarding sensors and the placement of devices in
IoT-connected networks.

According to a senior analyst at Technavio for enterprise
application, ÔÇ£Location-based services by GIS providers help
absorb huge volumes of data from stationary and moving devices and
support to perform real-time spatial analytics and derive useful
geographic insights from it. The 3D models present in the software help
integrate GIS data with 3D modeling and designing data, which is very
useful in construction works. Owing to the advantages associated with
the integration of BIM with GIS solutions, the demand for GIS solutions
is expected to increase during the forecast period.ÔÇØ

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Global GIS market segmentation

This research report segments the global GIS
market into the following products (software, data, and services),
end-users (government, natural resources, utilities, military, and
telecommunications), and key regions (the Americas, APAC, and EMEA). It
provides a thorough analysis of the key factors influencing the market,
including drivers, opportunities, trends, and industry-specific
challenges.

Among the three products, the software segment held the largest market
share in 2017, accounting for over 51% of the market. The market share
of this segment will decrease by 1.3% through 2022. But, this segment
will dominate the market throughout the period 2018-2022.

The Americas dominated the global GIS market in 2017 by accounting for a
market share of almost 44%. It was followed by EMEA and APAC
respectively. The Americas is anticipated to post steady growth during
the forecast period.

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