This industry research report identifies Autodesk, Bentley Systems, Esri, and Hexagon as the key vendors in the geographic information system (GIS) market in BRIC countries. The report also presents a competitive analysis of the market by products and includes sub-segments like data, software, and services.
Overview of the geographic information system (GIS) market in BRIC countries
Market research analysts at Technavio have predicted that the geographic information system (GIS) market in BRIC countries will grow steadily at a CAGR of about 11% by 2020. Cloud integration is not a new feature in GIS. One of the major vendors Eris has already introduced ArcGIS, a cloud-based map service. GIS Cloud is another major vendor entirely focused on providing cloud-based GIS solutions. The company also provides a cloud-based map tool, Map Editor, at a competitive price that is affordable for small and medium-sized enterprises. The recent years also witnessed an increasing number of smaller cloud GIS providers. This increase in the number of cloud GIS software providers is considered to be one of the major factors that will fuel the growth of the GIS market in BRIC countries in the next four years.
It has been observed that the BRIC countries are increasingly adopting GIS systems for monitoring and mapping water resources for agricultural and conservation purposes. The Kerala Water Authority in India has already started using GIS analytics tools developed by Big Blue and IBM for water management. GIS systems help in creating agricultural water rights, in tracking water right transaction, and also aids in minimizing water loss by detecting large changes in water flow through real-time monitoring.
Competitive landscape and key vendors
Due to the presence of a large number of well-diversified international, regional, and local GIS service providers, the GIS market in BRIC countries appears to be highly fragmented. Though local and regional vendors offer GIS solutions to customers at competitive prices, they find it difficult to compete with established international vendors in terms of quality, features, functionality, data content, and services. The coming years will witness intense vendor competition, which can be attributed to the increase in service extensions, technological innovations, and M&A activities. To gain a considerable share of the market and to increase their geographical reach, international vendors will also start focusing on acquiring regional vendors.
The primary vendors in the market are –
- Bentley Systems
The other prominent vendors in the market are Apple, Autonavi, CartoDB, Digital Globe, GIS Cloud, Google, HERE, Mapbox, Microsoft, and NavInfo.
Growth drivers, challenges, and upcoming trends: Indigenous mapping systems
The development of indigenous mapping systems is emerging as one of the major trends among BRIC nations, especially China and India. Countries are continuously making investments to encourage the use of indigenous mapping systems. The space agency of the Indian government, ISRO, has set several regulations, such as the Geospatial Information Bill regarding the use of GIS mapping software among companies and individuals.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the GIS Market in BRIC countries. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth
Segmentation by product and analysis of the GIS market in BRIC countries
During 2015, the software segment accounted for almost 63% of the total market share and dominated this GIS market in BRIC countries. Increased mobile penetration in China has led to the rise in demand for mobile software, which in turn will have a positive impact on the growth of this market. The market has a tremendous growth potential since all BRIC countries have started adopting GIS software, and according to this market research and analysis, this segment will continue to dominate the geographic information system software market throughout the forecast period.