London, 13 August 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Geographic Information System Market in the Military 2014-2018, which is expected to grow at a CAGR of 8.42 percent during the period 2013-2018.
A GIS is a system or a set of tools that interprets geographical or geospatial data or information. It integrates hardware, software, and data for processing geographically referenced data. Post- digitization of the received geospatial data, it is processed (stored, interpreted, analyzed, and manipulated), and the required output is provided.
Key Market Drivers
- Need for Enhanced National Security
- Increased Growth of Visualization
- Increased Need for GIS
Key Market Trends
- Increased Use of Satellite Imagery
- Increased Adoption of GIS Applications for Mobile Computing Devices
- Increased Demand for 3D GIS Software
Key Vendors
- Esri Inc.
- Hexagon AB
- MacDonald, Dettwiler and Associates Ltd.
- Pitney Bowes Inc.
“The Global GIS market in the Military sector is witnessing the emergence of 3D GIS software due to increasing use of GIS for security applications,” says Faisal Ghaus, Vice President of TechNavio.
“3D GIS software provides better visibility and performance compared with 2D GIS software. Military sectors began to adopt 3D GIS software to enhance operational efficiency of security applications.”
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%…
