TechNavio recognizes the following companies as the key players in the Global GIS Market in the Utility Industry: GE Energy, Hexagon AB, Bentley Systems Inc., and Esri Inc.
Commenting on the report, an analyst from TechNavio’s team said: “GIS market vendors are providing customized GIS solutions to meet specific industry requirements/applications as several end-users prefer customized GIS solutions to retain their competitiveness in the market. Customized GIS solutions are cost-effective, and this acts as a driving factor for their increased adoption over regular GIS solutions. Customization helps increase the process efficiency of the industry by providing critical information on network and asset health, and it provides visibility of the industry’s workflow and processes. Therefore, the increased focus on providing application-specific GIS solutions is a major trend in the Global GIS market in the Utility industry.”
According to the report, one of the major drivers in the market is the increased need for a knowledge infrastructure. Several industries in the Utility industry such as Electricity, Gas, and Water rely heavily on the updated data provided by GIS with respect to infrastructure development such as the development of new pipeline facilities.
Further, the report states that one of the major challenges in the market is the lack of awareness of GIS technology in developing countries. Most end-users in developing countries are unaware of the advantages of GIS products and the methodologies to utilize and leverage GIS technologies to enhance their process efficiency and their profits.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Autodesk Inc., DigitalGlobe Inc. Hitachi Zosen Corp., and PASCO Corp.
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/content/global-gis-market-utility-industry-2012…
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 https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Global GIS Market in the Utility Industry 2012-2016
