The global cloud GIS market is anticipated to grow at a considerable CAGR of 8.8% during the forecast period. The cloud geospatial information service (GIS) is a web-based information system that generates data in the form of maps, which help businesses to analyze and optimize their operations. It provides media-enriched location information at any place and at any given time. This method requires less time to share, analyze, and publish data. Cloud GIS uses a virtualized platform that is beneficial for a scalable and elastic environment. Real-time optimization of operations is the key advantage of cloud GIS. The ability to easily transfer towards cloud GIS presents a major opportunity for market expansion. However, some challenges are also impeding the growth of the market, such as data quality issues, cyber security concerns, and high initial implementation costs. The low internet penetration in the Asia-Pacific region also restrains the cloud GIS market growth. 

The COVID-19 pandemic has upended many lives and businesses on an unprecedented scale. With physical interaction no longer being an acceptable form of communication in light of social distancing efforts, enterprises and institutions across the globe have made a sudden shift to digital solutions in a bid to retain productivity. Furthermore, many developed nations, including Europe and the US, are now requiring employees at non-essential businesses to work remotely for an indefinite time frame. Schools and universities are also leveraging video conferencing platforms to facilitate distance learning through live or recorded lectures. As a result of all these factors, the cloud GIS-based solutions report record-breaking growth figures.

Segmental Outlook 

The global cloud GIS market is segmented based on the type and vehicle type. Based on the product type, the market is segmented into Saas, Paas, and Iaas. SaaS is gaining popularity in the GIS industry as it eliminates the hassle of installing and administering complex software. This is a benefit for industries that want to use maps and spatial processing however may not have the hardware or personnel to completely deploy a GIS onsite. It also allows users to give GIS a sample or pilot run for a relatively low cost and setup effort.

Based on end-user, the market is divided into telecommunication, utilities, government, and natural resources. Telecommunication application is expected to hold the largest market share during the forecast period. GIS can be excessive planning and decision-making tool for telecommunication industries. This is a benefit for industries that want to use maps and spatial processing but may not have the hardware or personnel to completely deploy a GIS onsite.

Regional Outlooks

The global Cloud GIS market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).  The market can also be analyzed for a particular region or country level as per the requirement. 

Global Cloud GIS Market Growth by Region, 2022-2028

The European Region is Expected to Grow Significantly in the Global Cloud GIS Market

The cloud GIS market in the Europe region is expected to grow at a significant growth rate. The major countries of Europe which are contributing the most include UK, France, Germany, Italy, and Spain. The presence of major players is a key factor due to which the market is showing impressive growth in the region. The players are focusing on coming up with new product launches to fulfill the growing demands of consumers. For instance, in June 2021, Cisco launched Cisco Plus, to help customers connect, secure, and automate to accelerate their digital agility in the cloud industry. Cisco Plus will offer networking, security, compute, storage, applications, and observability solutions as-a-service with unified subscriptions that are easy to consume, simple to use, and deliver an unparalleled experience. 

Moreover, in July 2020, Hewlett Packard Enterprise (HPE) launched a new cloud experience for the European market, with the launch of HPE GreenLake cloud services hosted by Interxion, a Digital Realty company and provider of colocation services in 13 countries. The new offer brings customers the benefits of a managed cloud experience without the complexity of managing data centers while maintaining ownership and control of their data and workloads. 

Market Players Outlook

The major companies serving the global cloud GIS market include Amazon Web Services, Inc., Google LLC, IBM Corp., Microsoft Corp., ESRI, and Oracle Corp. among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. 

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global cloud GIS market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.