Need to Reduce Carbon Footprint Driving Growth of GIS in Utility Sector

London, UK, September 22, 2011 -- A recently published report by Technavio, specialists in emerging technologies market research, reveals that the Global Geographic Information Systems (GIS) market in the Utility sector is expected to grow at a CAGR of 16 percent over the period 2010–2015. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is driven by green initiatives such as reducing carbon footprints.

According to Technavio’s industry analyst, “Global awareness about minimizing carbon footprints is one of the key drivers for the GIS market in the Utility sector. As a result, many organizations are innovating solutions such as utilization of recycled water for secondary purposes. GIS technology enables utility service providers to understand demand in certain localities, locate the position of distribution systems to cater to the needs of the region, and to identify the shortest route to connect the central and the local distribution systems. With the type of support provided by GIS technology, utility service providers are able to contribute toward the mitigation of environmental damage.”

The report also highlights that the lack of a good communication infrastructure is hindering the growth of this market in some regions. However, growing demand from smart grids is expected to boost the market. This market is also marked by rising market share for low-cost GPS-enabled handsets. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

Technavio’s report, Global Geographic Information System Market in the Utility Sector 2010-2015, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.

Companies mentioned in this report include GE Energy, Hexagon AB, Bentley Systems Inc., Autodesk Inc., and Environmental Systems Research Institute Inc.

For further information and to obtain your copy of this report, please visit http://www.technavio.com/content/geographic-information-system-market-utility-sector-2010-2015.

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This release was published on openPR.