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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

08-22-2018 09:45 AM CET | IT, New Media & Software

Press release from: Global Market Insights, Inc.

Global Market Insights, Inc.

Global Market Insights, Inc.

Geographic Information System (GIS) Market size is expected to grow owing to rising urbanization and the development of smart cities. The integration of the geospatial technology is driven by the demand for the building surveillance in the smart cities which helps in maintaining the upkeep of the building by looking after the security or sanitation needs. In addition, it also helps in effective land management due to its ability to deliver valuable information associated with the land registration details, vacant land area, and mining activities.

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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.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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