The global cloud GIS market is anticipated to grow at a considerable CAGR of 8.8% during the forecast period. The cloud geospatial information service (GIS) is a web-based information system that generates data in the form of maps, which help businesses to analyze and optimize their operations. It provides media-enriched location information at any place and at any given time. This method requires less time to share, analyze, and publish data. Cloud GIS uses a virtualized platform that is beneficial for a scalable and elastic environment. Real-time optimization of operations is the key advantage of cloud GIS. The ability to easily transfer towards cloud GIS presents a major opportunity for market expansion. However, some challenges are also impeding the growth of the market, such as data quality issues, cyber security concerns, and high initial implementation costs. The low internet penetration in the Asia-Pacific region also restrains the cloud GIS market growth.
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The COVID-19 pandemic has upended many lives and businesses on an unprecedented scale. With physical interaction no longer being an acceptable form of communication in light of social distancing efforts, enterprises and institutions across the globe have made a sudden shift to digital solutions in a bid to retain productivity. Furthermore, many developed nations, including Europe and the US, are now requiring employees at non-essential businesses to work remotely for an indefinite time frame. Schools and universities are also leveraging video conferencing platforms to facilitate distance learning through live or recorded lectures. As a result of all these factors, the cloud GIS-based solutions report record-breaking growth figures.
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Segmental Outlook
The global cloud GIS market is segmented based on the type and vehicle type. Based on the product type, the market is segmented into Saas, Paas, and Iaas. SaaS is gaining popularity in the GIS industry as it eliminates the hassle of installing and administering complex software. This is a benefit for industries that want to use maps and spatial processing however may not have the hardware or personnel to completely deploy a GIS onsite. It also allows users to give GIS a sample or pilot run for a relatively low cost and setup effort.
Based on end-user, the market is divided into telecommunication, utilities, government, and natural resources. Telecommunication application is expected to hold the largest market share during the forecast period. GIS can be excessive planning and decision-making tool for telecommunication industries. This is a benefit for industries that want to use maps and spatial processing but may not have the hardware or personnel to completely deploy a GIS onsite.
Regional Outlooks
The global Cloud GIS market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can also be analyzed for a particular region or country level as per the requirement.
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