Indian GIS Market Heats Up
We’ve been talking about the US / European GIS / GPS companies, which have been hot and busy with major M&A deals:
* Navteq : Bright Future if Managed Well
* Place and Location Services Growth Fuels Navteq
* Tom Tom + Tele Atlas: Perfect Match
* Trimble’s Compelling Growth Strategy
* Garmin Looks Great, But …
* Nokia Buys Navteq, “Place” Becomes Key
Meanwhile, the Indian market is heating up. Economic Times:
“The size of the geographical information system (GIS) market in India is expected to be $10 billion in 10 years, said speakers at a business conclave during the ongoing 58th International Astronautical Congress.
Annual revenues of the global GIS market are expected to grow from an estimated $4 billion to $150 billion in the next decade.”
Remember, I once talked about a Concept Arbitrage on Navteq? I hope some of you are going for it!
I guess most of this GIS market is still the outsourced jobs from the other end of the world. If you look at the GIS usage and data availability etc., in India - it is far from satisfactory.
I think India and China’s GIS industry is still in the initial stage, but we can see that the development of GIS in these two countries are extremely fast.