Global GIS Market Market Analysis

   2019-07-17       85        Business
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Global GIS Market was valued US$ 67.5 Bn in 2017 and is expected to reach US$ 177.3 Bn by 2026, at CAGR of 12.8% during forecast period.

Global GIS Market was valued US$ 67.5 Bn in 2017 and is expected to reach US$ 177.3 Bn by 2026, at CAGR of 12.8% during forecast period.

Global GIS Market

Global GIS Market is driven by rapidly increasing urbanization. The adoption of GIS solutions in enterprise applications is rising the demand for the system in emerging economies. The growth of global GIS market can also be attributed to the implantation of LIDAR (light detection and ranging) technology and increasing availability of spatial data and cloud technology. The GIS market is driven by increasing demand for location-based analytics among the businesses to improve the decision-making process and operational efficiency. The penetration of the IoT platforms in business operations has powered the generation of real-time location data for offering highly relevant and location-specific service to the customers.

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