London, 24 September 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global GIS Market in BFSI Sector 2014-2018, which is expected to grow at a CAGR of 8.43 percent during the forecast period of 2013-2018.
The use of GIS technology in servicing ATMs is an emerging trend and is being increasingly adopted by companies in the BFSI sector. GIS solutions show a clear picture of the status of the ATM machines along with their cash status, thus helping in the optimization of the cash distribution mechanism and servicing of ATMs. They play a role in cash van fleet management, thus enhancing the efficiency of the cash distribution mechanism to ATMs.
“Companies in the BFSI sector using these applications can access data and other GIS-related details using mobile devices at any time,” says Faisal Ghaus, Vice President of TechNavio.
“Some vendors have also started to provide GIS solutions and applications to mobile computing devices and smartphones for end-users in commercial enterprises.”
Key Market Drivers
- Increased Demand for Integrated GIS Applications
- Growing Need to Understand Customer Demographics and Buying Patterns
- Need for Efficient Decision-making Systems
Key Market Trends
- Rise in Use of GIS in Online Cash Status Tracking of ATMs
- Increase in Adoption of GIS Applications in Mobile Computing Devices
- Increased Focus on Providing Application-specific GIS Solutions
Key Market Vendors
- Esri Inc.
- Hexagon AB
- MacDonald, Dettwiler and Associates Ltd. (MDA)
To define the market circumstances 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.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
