Geospatial Information Systems to Thrive Through The Economic Downturn
Geospatial Information Systems (GIS) manage information through the use of a common coordinate system that references objects contained within the GIS system to their real-world locations on the surface of the earth. GIS provides the ability to create a scaled representation of the real world, allowing the user to integrate, analyze, and visually represent real-world objects and the relationship between these objects.
The GIS market will thrive through the current worldwide economic downturn and the subsequent recovery. Revenues will be driven in the near future by continued worldwide spending in non-cyclical industries such as electric power, oil and gas distribution, and divisions of federal governments. Growth in the mid to latter years of the forecast period will be driven by increased adoption of GIS in emerging markets such as Asia, Latin America, and the Middle East; and a return to spending in North America and Europe by industries hardest hit by the global economic downturn. The commercial industries such as retail, real estate, and services are expected to increasingly adopt GIS solutions through hosted and software-as-a-service models.
This study provides worldwide GIS market shares and market segment breakdowns by industry, revenue type, region, and customer tier. Forecasts for the market and segments are provided for 2009 through 2014.
Strategic Issues
Enterprise software markets are experiencing substantial downturns in 2009 as an effect of the worldwide reduction in capital spending. However, the GIS market will not experience this downturn due to the nature of the industries that purchase GIS solutions. This study will help to answer questions such as:
- What is the end user industry break down of the GIS market and how will this industry diversification support the market?
- What are the expected growth levels by end user industry and when will this growth occur?
- Who are the leading GIS suppliers in the various regions and industries provided in the study?
- What regions are expected to experience the greatest growth and what factors will drive that growth?