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Geographic Information Systems (GIS) Market Size, Share, Growth, Opportunities, Analysis and Forecast 2024 – Credence Research

Thursday, February 23, 2017 4:52
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(Before It's News)

According to a new market research report published by Credence Research “Geographic Information Systems (GIS) Market (Component – Hardware, Software, Data, and Services) – Growth, Future Prospects, Competitive Analysis and Forecast 2016 – 2024”, the global geographic information systems (GIS) market stood at US$ 8.4 Bn in 2015 and is estimated to expand with a CAGR of 12.7% from 2016 to 2024.

The complete report is available at http://www.credenceresearch.com/report/geographic-information-systems-gis-market

Market Insights

The geographic information systems (GIS) market is primarily driven by the increasing need to achieve enhanced efficiency and accuracy in various infrastructure and utility planning. Numerous government bodies in the developed countries seek to make use of the geographic information systems (GIS) in order to assess existing infrastructure and plan future projects accordingly. Apart from applications in the public sector, geographic information systems (GIS) have found numerous applications in the private domain. Organizations from various end-use industries such as oil and gas, telecommunication, engineering and business services, transportation and logistics, among others have adopted geographic information systems (GIS). With the use of geo-spatial data, organizations are able to solve specific issues related to their businesses. Moreover, maintenance of geo-spatial data has enabled organizations to analyze and compare outcomes of various business activities at specific locations periodically. Thereby, the geographic information systems (GIS) are expected witness higher adoption in the following years.

Despite numerous benefits of geographic information systems (GIS), various organizations have failed to deploy these systems due to various reasons such as high costs, lack of technological awareness, and inaccuracy of legacy systems. However, technological advancement in image capturing and scanning has led to the rise of highly accurate systems providing precise geo-spatial data. Moreover, with numerous companies offering consultation and implementation services, increasing number of organizations are expected to adopt geographic information systems (GIS) in the following years. Thereby, the geographic information systems (GIS) market is expected to witness significant growth during the forecast period.

Competitive Insights:

The geographic information systems (GIS) market is highly competitive in various markets across the world. The geographic information systems (GIS) market includes numerous providers in the geographic information ecosystem including hardware providers, GIS software providers, geo-spatial data providers; and implementation and consulting service providers. Most of the leading companies in the geographic information systems (GIS) market have achieved significant share in their respective home markets. However, increasing demand from developing countries towards effective infrastructure and township planning offers numerous growth opportunities for players in the geographic information systems (GIS) market.

Key Trends:

  • Increasing usage of advanced geographic data capturing techniques such as images from unmanned aerial vehicles (UAVs), 3D scanners, and precise satellite positioning using GNSS
  • Rise in the number of service providers which make use of third party geographic information systems (GIS) and geo-spatial data to help other organizations in planning and commissioning
  • Increasing investments towards research and development of advanced geographic information systems (GIS) to ensure higher accuracy and usability of geo-spatial data

Request Free Sample : http://www.credenceresearch.com/sample-request/58345

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Credence Research is a worldwide industry research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

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Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

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Address: 105 N 1st ST #429, SAN JOSE,
CA 95103, United States

Ph: 1-800-361-8290

E-mail: sales@credenceresearch.com

Website: http://www.credenceresearch.com

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