London, 15 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research reports on the Global GIS Market in the Transportation Sector 2014-2018 and the Global GIS Market in the Telecommunication Sector 2014-2018.
About Geographical Information System (GIS)
GIS digitizes geospatial data and processes, stores, interprets, analyzes and manipulates it to provide the required output. With the increased need for road and rail construction, the use of GIS for key stakeholders in the transportation sector has become crucial. Similarly, several players in the telecommunication industry primarily depend on GIS solutions for real-time knowledge of the network structure as it enhances the efficiency of network monitoring activities.
The latest reports by TechNavio on Global GIS Market in Transportation Sector and Global GIS Market in Telecommunication Sector focuses on market conditions contributing to a CAGR of 10.93 percent and 10.89 percent respectively, from 2013-2018.
The reports emphasize LIDAR technology, which uses laser light to sample the surface of earth and assists in airborne laser mapping applications.
“Conventional technology for surveying such as photogrammetry is being replaced by LIDAR technology because it has many advantages compared to the old photogrammetry technology. The output of this technique is more accurate than that provided by the photogrammetry method and this is expected to propel overall market growth across all sectors in the GIS market,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Road and Rail Construction (Transportation)
- Increased Need for Real-time Knowledge of Network Structure (Telecommunication)
Market Challenges:
- Complex Technology and Limitations (Transportation)
- Increase in Popularity of Open-source Software (Telecommunication)
Market Trends:
- Shift toward LIDAR Technique (Transportation)
- Increased Usage of GIS in Broadcasting (Telecommunication)
Key Vendors:
- Esri Inc. (Transportation)
- HERE (Transportation)
- Hexagon AB (Telecommunication)
- MacDonald, Dettwiler and Associates Ltd. (MDA) (Telecommunication)
Other Prominent Vendors:
- Bentley (Transportation)
- Geo Eye (Transportation)
- Autodeskv (Telecommunication)
- Bentley Systems (Telecommunication)
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