- The key vendors in GIS market in North America are DigitalGlobe, Inc., Esri Inc., Hexagon AB and The US Geological Survey (USGS).
London, 12 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Geographic Information System Market in North America 2014-2018. The GIS market in North America is expected to grow at a CAGR of 10.91 percent during the period 2013-2018.
One of the major trends in this market is the growth in “geodesign”. It provides an active and engaged approach to designing with geography and integrates all the segments that are required in building a product, which include design creation and specification, simulation, developing, programming, analysis, evaluation, and others.
A GIS is a system or a set of tools used to interpret business and geospatial data. It integrates hardware, software, and data for processing business and geographically referenced data. This system digitizes the received geospatial data and processes them to provide the desired output. The GIS is used across sectors such as Natural Resources, Utilities, Federal Government, Communication and Telecom, Military/Law Enforcement, and Others. GISs are used for various purposes such as disaster management, finding location details, viewing maps, marketing, designing facilities, and others.
“Organizations are increasingly implementing enterprise GIS that allows access to all geospatial data and applications throughout the organization. GIS helps in sharing resources, data, and applications as well as aids in increasing the operational efficiency enabling better inter-departmental communication and resource sharing and better decision making,” says Faisal Ghaus, Vice President of TechNavio Research.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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