Cloud GIS Market Business
overview, Upcoming Trends and Analysis Forecast – 2031

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. 

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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.

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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. 

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