Growing Adoption of Open Source GIS Software Driving the Global GIS Market Through 2020, Says Technavio
LONDON - (BUSINESS WIRE) - February 15, 2016 -According to the latest study released by Technaviomarket, the global geographic information system (GIS) market is set to reach close to $ 16 billion by 2020, growing at a CAGR of more than 10%.
This research report titled ' Global GIS Market 2016-2020' provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The report categoriza the global GIS market into three major product segments. They are:
Global GIS software market
The software segment accounted for a market share of almost 49% in the global GIS market in 2015 and is expected to maintain its dominant position in the market during the forecast period. The growth of this segment is mainly due to increased demand for GIS desktop software in developing countries. Vendors offer industry-specific GIS software, which, in turn, enhances the potential for the GIS software segment. The market, however...