PUBLISHER: Orion Market Research | PRODUCT CODE: 1215693
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215693
Title:Global Cloud GIS Market Size, Share, and Trends Analysis Report by Product Type (SaaS, PaaS, and IaaS) and By End-User (Telecommunication, Utility, Government, Natural Resources, and Others), Forecast Period (2022-2028).
The global cloud GIS market is anticipated to grow at a considerable CAGR of 8.8% during the forecast period. The increasing venture funding for R&D in the cloud GIS market creates opportunities for market growth. Several companies are focusing on shifting their operations to cloud solutions. For this growing demand, market players are continuously trying to develop effective products as per the varying needs of their customers. Several investors are supporting this R&D of market players by providing funding. For instance, in 2018, Cohesity announced that it had raised $250 million in an oversubscribed series-D funding round led by the SoftBank Vision Fund with strong participation from strategic investors such as Cisco Investments, Hewlett Packard Enterprise (HPE), and Morgan Stanley Expansion Capital, along with Sequoia Capital and others.
Moreover, governments across the globe are also significantly promoting the adoption of cloud solutions in enterprise operations. For instance, in August 2021, the Department for Business, Energy, and Industrial Strategy of the UK government had advised organizations to rapidly adopt cloud-based technology, especially public cloud to reduce carbon emissions by 2030, as strategized under the Paris Agreement 2015. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the cloud GIS market.
The global cloud GIS market is segmented based on the type and end-user. Based on the product type, the market is segmented into Saas, Paas, and Iaas. Based on end-user, the market is divided into telecommunication, utilities, government, and natural resources. The above-mentioned segments can also be customized as per the requirements.
Geographically, the global cloud GIS market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. The North American region is anticipated to hold the major share in the market due to the high internet penetration. According to the Internet World Stats, the internet penetration in North America was 90.3% in 2020. Moreover, the population of this region rapidly adopts advanced technologies which also supports the growth of the market in this region.
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.
Research Methodology
The market study of the global cloud GIS market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: