The global cloud GIS market analyst says migration has been a major concern for many organizations shifting from an on-premises system to a cloud system. Multiple companies have launched software products to tackle this issue. For instance, Esri's Amazon Machine Images (AMI), a virtual machine creator, helps Esri users with quick deployment, coupled with high flexibility and scalability. AMI is preloaded with ArcGIS server software, software that manages GIS web services and data. —
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The analysts forecast global cloud GIS market to grow at a CAGR of 11.03% during the period 2016-2020.Cloud GIS provide media-enriched location information from any place, at any time provided there is a fast and reliable Internet connection. Compared to traditional GIS, this method of data retrieval saves on time and cost because it makes it faster and easier to obtain data. It also takes less time to analyze, share, and publish data and makes it easy to update and review previous data. It is user-friendly too, as decision-making and workflow can be streamlined with accurate information.
End-user Segmentation of the Cloud GIS Market - Natural Resources, Telecommunication, Utilities and Government
The use of GIS solutions in the government sector is likely to witness strong growth during the forecast period. The implementation of stringent national security measures by various governments across the globe will bolster the need for GIS solutions in this sector until 2020.
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Geographical Segmentation of the Cloud GIS Market
The Americas currently accounts for approximately 47% of the total market share and is expected to grow at a CAGR of around 9% during the forecast period. Huge investments made by the government in this region for the development of GIS solutions will lead to the growth of this market in the Americas during the forecast period.
Competitive Landscape and Key Vendors
The global cloud GIS market is highly competitive owing to the presence of many small and big players. The competitive environment in this market is expected to intensify with the increase in service extensions, technological innovations, and mergers and acquisitions. Furthermore, it is envisaged that the international players in this market will grow inorganically during the forecast period by acquiring regional or local players.
The leading vendors analyzed in cloud GIS market are ESRI, Hexagon, and CartoDB.
Other prominent vendors in the market include GIS Cloud, Mapbox, Apple Maps, Google Maps, OpenStreetMap, and Bing Maps.
Further, the cloud GIS market report states that the need for a reliable Internet connection and low Internet penetration in Asia Pacific (APAC) are the major challenges hindering market growth.
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