GIS Market in North America 2019-2023
About this market
The increasing use of GIS solutions in Big Data Analytics is identified as one of the key trends that will gain traction in the market during the forecasted period. The merger of GIS data with Big Data Analytics has led to a new way of analysing massive volumes of cluttered data to meaningful and useful information. It enables them to share resources, data, and applications. Technavio’s analysts have predicted that the GIS market in North America will register a CAGR of over 10% by 2023.Market Overview
Adoption of GIS by enterprises to improve the communication and customer services
The adoption of GIS by enterprises to improve the communication and customer services is identified as one of the key drivers that will gain traction in the market for the next four years. Organizations are increasingly implementing enterprise GIS, which allows them to access all geospatial data and applications across the entire organization.
Communication gap between developers and end-users
There is a need for the collective involvement of the end-user companies or organizations in the creation and development of GIS applications. Factors such as technological limitations and complexity of the technology pose a major challenge to the growth of the market.
For the detailed list of factors that will drive and challenge the growth of the GIS market in North America during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies and the competitive environment is quite intense. Factors such as the increasing use of GIS solutions in Big Data Analytics and adoption of GIS by enterprises to improve the communication and customer services, will provide considerable growth opportunities to GIS manufactures in North America. Alphabet, Autodesk, Esri, Maxar Technologies, and Pitney Bowes are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – GIS Market in North America 2019-2023
Technavio recognizes the following companies as the key players in the GIS market in North America: Alphabet, Autodesk, Esri, Maxar Technologies, and Pitney Bowes.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the increased use of GIS to enhance business process efficiency.”
According to the report, one driver influencing this market is the importance of GIS in capacity and urban planning activities.
Further, the report states that one challenge affecting this market is the data privacy and security concerns.
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