Periodically, an economic report is produced about the GIS industry. The latest, a May 2017 report from P&S Market Research, has determined that the global GIS industry will continue to grow at a Compound Annual Growth Rate (CAGR) of 10.1%, an increase from from $8,985.5 million in 2016, to reach $17,510.9 million by 2023.
What is Driving the Growth of the GIS Industry?
The report notes that the growth of the global GIS market is being driven by “LIDAR technology and increasing availability of spatial data and cloud technology.”
In addition, the development of smart cities in China, India, and other South East Asian countries has driven demand for 3D GIS.
The increased investment in GIS for disaster management, including flood management, forest fire management, carbon management and climate change is responsible for the significant growth of the GIS industry in North America and Europe and is driving the adoption of GIS in China, Brazil and India.
Where is the GIS Industry the Biggest?
The report notes that the United States and Canada are the largest GIS markets in North America. The United Kingdom is the largest GIS market in Europe. France is the second largest market in Europe. China, India, and Japan make up the largest GIS markets in Asia.
Which Sector Dominates the GIS Industry?
Government continues to be the dominant adopter of GIS with the report noting that the “government sector has been the largest contributor to the global GIS market, accounting for over 28% of the global revenue in 2016.”
What are the Major GIS Companies?
The report notes the following as major GIS companies: Environmental Systems Research Institute Inc. (Esri), Pitney Bowes Inc., MacDonald, Dettwiler and Associates Ltd., SuperMap Software Co. Ltd., PASCO CORPORATION, Ubisense Group Plc., Bentley Systems Incorporated, Schneider Electric SE, and Autodesk Inc.
Geographic Information System (GIS) Market – May 2017, P&S Market Research