Cloud Geospatial Information Service (GIS) Market By Service Model (Software-as-a-Service, Platform-as-a-Service, Infrastructure-as-a-Service), By Deployment Model (Private Cloud, Public Cloud, Hybrid Cloud), and Region - Global Forecast to 2029

“Global Cloud Geospatial Information Service Market’ is a published report title, and is currently in the process of updation at MarketResearch.biz. Information and data, and inputs have been verified and validated by experts in the target industry. Revenue from the global cloud GIS market is projected to register a CAGR of 14.9% and reach a value of between US$ 2,664.6 Mn and 2,862.2 Mn in 2029. Research and study included exhaustive primary and secondary research efforts to ensure highest level of accuracy. Various geopolitical and political factors are also considered to enable justification of all findings. Forecast and opportunity analysis is also presented in the respective section of the report. Potential revenue opportunities in untapped regions and countries, as well as challenges are also presented. Ongoing trends, growth driving factors, and potential growth restraints are included. Company details, recent developments, strategies, and acquisitions and mergers etc. of the key players in the target market are presented in the company profile section. The global cloud geospatial information service market is segmented according to service model, deployment model, end user, and region/ country.

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Cloud Geospatial Information Service (GIS): Overview

Cloud-based Geospatial Information Service (GIS) is a web-based information system designed to generate data in the form of maps, which are used to enable analysis and optimize operations and efficiency in terms of location and positioning. GIS is capable of offering media-enriched location information 24/7, and at any location. In addition to these benefits, GIS is capable of analyzing and sharing, as well as publishing data at a substantially shorter period of time. Optimization of real-time data and analysis is the primary advantage offered by cloud GIS.

Next-generation on-demand GIS technology employs a simulated substructure in a flexible and accessible environment. It can be defined as next-generation on-demand GIS technology that uses a virtualized platform or support in a favorable environment. Cloud GIS is the advanced version of the conservative stage of GIS, and offers a wide range of functionalities to users.

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• Competitive benchmarking
• Market forecasts
• Company market shares
• Market opportunities
• Latest trends & dynamics

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Global Cloud Geospatial Information Service Market: Dynamics

Emergence and rising implementation and adoption of cloud computing technology is a major aspect and among some of the key factors driving growth of cloud GIS adoption. Advantages associated with adopting GIS in the cloud such as being able to optimize real-time operations are prompting various companies and organizations to opt for cloud GIS. Increasing preference and popularity of cloud computing is further resulting in more advancements in the field of information technology. The growing need to conveniently access data has led to GIS in the cloud gaining increasing popularity. Cloud-based GIS enables accessing media-rich location information with fast and stable Internet connectivity. Using cloud-based GIS saves time as well as cost, as well as enables easy data sharing and publishing. Cloud GIS continues to gain popularity owing to convenience and ease of use as compared to traditional GIS. Some factors expected to restrain market growth include high capital investment for implementation of cloud GIS, especially markets in developing economies. Opportunities in the market are in the form of potential expansion of services owing to integration of IoT and big data with cloud-based GIS. A recent trend in the market includes new and emerging data generation and collection methods.

Global Cloud Geospatial Information Service Market: Segment Analysis

Service Model:

Among the service model segments, the Software-as-a-Service (SaaS) segment is projected to account for a value of around US$ 1,104 Mn in 2029, and register a CAGR of 14.6% over the forecast period.

Deployment Model:

Among the deployment model segments, the private cloud segment in the global cloud GIS market is currently estimated to dominate the market in terms of revenue share at US$ 239.5 Mn in 2019, and the dominance is projected to continue over the forecast period.

End User:

The telecommunications segment is projected to continue to account for highest revenue share in the global cloud GIS market and register a CAGR of 15.1% over the forecast period.

Global Cloud Geospatial Information Service Market Regional Analysis:

The North America market currently dominates the global market in terms of revenue share, with the US and Canada accounting for significant share contribution. Owing to various technical developments and initiatives in emerging economies of Asia Pacific such as India, China, and others, growth opportunities are emerging and represent significant revenue opportunities as well.

Company News:

• Launch of New Products:

Hexagon concentrates on the development of proprietary products and product improvements to complement and expand its existing product lines. In June 2018, the company introduced HxGN SDx, a cloud-based asset lifecycle information management (ALIM) solution, to improve decision-making, optimize efficiency, and ensure safety across the full lifecycle of industrial facilities in oil, gas and power industries.

• Contracts/Agreements:

In June, Microsoft Corporation entered into a partnership with Ardents for the development of a new product tracking platform using artificial intelligence and block chain technology. In addition, in March, Microsoft Corporation entered into a partnership with BlackBerry to offer enterprise solutions for mobility and cloud applications.

Global Cloud Geospatial Information Service Market Segmentation: 

By Service Model

• Software-as-a-Service (SaaS)
• Platform-as-a-Service (PaaS)
• Infrastructure-as-a-Service (IaaS)

By Deployment Model

• Private Cloud
• Public Cloud
• Hybrid Cloud

By End-user

• Telecommunication
• Natural Resources
• Government
• Other End-users

By Region

• US
• Europe
• Japan
• China
• India
• South East Asia
• Rest of the World

• Hexagon AB
• Microsoft Corporation
• Alphabet, Inc.
• Apple Inc.
• ESRI Holdings Limited
• CARTO
• Zondy Cyber Group (MapGIS)
• GIS Cloud Ltd.
• Mapbox
• OpenStreetMap Foundation