TechNavio recognizes the following companies as the key players in the GIS Market in South Korea: Bentley Systems Inc., Esri Inc., GE Energy, and Hexagon AB.
Commenting on the report, an analyst from TechNavio’s team said: “The GIS market in South Korea is witnessing increased adoption of mobile-based GIS solutions by several end-users. Further, many manufacturing companies and conventional industries need mobile-based GIS applications to increase the accuracy and efficiency of the GIS applications. Moreover, increased adoption of smartphones for enterprise applications increases the demand for mobile-based GIS applications as mobile-based GIS applications help organizations access and manage various tasks such as field mapping, asset maintenance, incident reporting, and inspections with real-time information. Hence, the increasing demand for such applications by various users is helping the market in this country grow.”
According to the report, the increasing demand for GIS software from the Government sector is one of the major drivers of the market. Government and military organizations are increasing their investment in GIS technology for effective enhancement of their national infrastructure and security.
Further, the report states that one of the major challenges in the market is the increased threat of rivalry. As domestic vendors and Chinese vendors offer low-cost GIS hardware, the international GIS vendors face a high level of competition from them, which is affecting the pricing strategy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/gis-market-south-korea-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit
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TechNavio Announces the Publication of its Research Report -GIS Market in South Korea 2012-2016
