Geographic Information System Market Top Key Industry Players: Pitney Bowes Inc., Environmental Systems Research Institute Inc. (ESRI), Macdonald and Company, SuperMap, Dettwiler and Associates Ltd., Pasco Corporation, Bentley Systems Incorporated, Ubisen
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The growing demand for location analytics will offer growth avenues for the GIS market. This is due to rising demand to obtain insights from location-based or geographic data by integrating the conventional data with the spatial data that helps in identifying and evaluating data as well as activities. Traditionally, the technology was utilized as a map-based system but now it is being utilized to offer a full system of insights to help the businesses obtain full awareness of their businesses, which will drive the GIS market. In addition, the demand for location analytics is growing among businesses owing to the growing need for improvised operational efficiency, better decision-making techniques. High initial cost associated with the implementation of the software along with lack of awareness about the advantage of using the technology in business is expected to limit the GIS market growth.
Based on the end-use, the GIS market can be segmented into telecommunications, waste and water management, aerospace & defense, engineering & business services, transportation and oil & gas. The trend of rising government investment across homeland security, military, and aerospace sector is fueling the demand for advanced technologies resulting in high growth in GIS market across the globe. In addition, various vendors have also come up with technologically advanced products to cater the requirements of the governments in developing economies.
The Asia Pacific GIS market is expected to witness the highest growth owing to the rising penetration of GIS solutions in verticals such as government, utility and waste and water management. Increasing investments in the smart city projects which uses the surveying and mapping capabilities of the technology coupled with rising urbanization in countries such as China, India, Singapore, etc. will provide growth opportunities for the GIS market.
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Key players in the GIS market are Pitney Bowes Inc., Environmental Systems Research Institute Inc. (ESRI), Macdonald and Company, SuperMap, Dettwiler and Associates Ltd., Pasco Corporation, Bentley Systems Incorporated, Ubisense Group Plc., Schneider Electric SE, and Autodesk Inc. The new entrants in the industry find it difficult to compete with the established players who provide the enhanced quality solutions. This competition is anticipated to further intensify over the near future owing to the increase in technological innovations, service extensions, and M&A.
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