The global geographic information system (GIS) market is expected to increase from $7,612.9 million in 2014 to reach $14,623.8 million by 2020, growing at a CAGR of 11.4%. Among the various industry verticals, the Government sector accounted for about 28.3% share of the global GIS market in 2014. The increasing urbanization, in addition to the growth of enterprise GIS in developing countries, is expected to boost the demand of geographic information system during the forecast period. During the recent years, the demand for 3D based GIS has increased, owing to the development of smart cities in China, India, and other South East Asian countries. The use of 3D GIS is witnessing rapid growth in building surveillance application.
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According to Environmental Systems Research Institute Inc. (ESRI), the adoption of 3D based urban mapping is witnessing a rapid growth, owing to the conversion 2D to 3D mapping of smart cities. The modern GIS maps are constructed in a way that new data can be added, as it becomes available and hence the transition from 2D based map to 3D map is gaining pace. The real estate company utilizes the 3D based information to leverage marketing opportunity. Providing line of sight visualization in any direction from any location in a building, offers competitive advantage to the real estate developers.
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The increasing investment in GIS based infrastructure by government sector is among prime growth factors for the global GIS market. The increased investment in home land security, along with large capital funding for urban development in developing countries is driving the growth of global GIS market. The growth of facility management infrastructure has also benefited the penetration of enterprise...