Global GIS Market in the Transportation Industry 2016-2020
GIS is a set of tools used to interpret business and geospatial data. It integrates hardware, software, data, and services for processing businesses and geographically referenced data. This system digitizes the received geospatial data and processes them to provide the desired output. Sectors such as national government, transportation, natural resources, military/law enforcement, utilities, and communication and telecom are the major end-users of GIS. Its other uses include disaster management, finding location details, viewing digital maps, marketing, and designing facilities. End-users across industries rely on GIS to enhance their productivity, decision-making ability, and safety and security standards. GIS is the major revenue contributor to the global geospatial industry.
Technavio’s analysts forecast the global GIS market in transportation industry to grow at a CAGR of 11.83% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global GIS market in transportation industry for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top five vendors in the global GIS market in transportation industry based on revenue.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global GIS Market in Transportation Industry 2016-2020
Technavio recognizes the following companies as the key players in the global GIS market in transportation industry: Autodesk, Bentley Systems, ESRI, Hexagon, MDA, and Pitney Bowes.
Other prominent vendors in the market are: Autonavi, Caliper, China Information Technology, Google, HERE, Mapbox, Navinfo, Rolta India, and SuperMap.
Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is increasing demand for 3D GIS software and development of 4D GIS software. The growing use of GIS for security applications is resulting in increased development of 3D GIS software. The 3D GIS software provides better visibility and performance than 2D GIS software. Many end-users, especially the government and defense organizations, have started adopting 3D GIS software to improve the operational efficiency of security applications. Therefore, many vendors are developing and offering 3D GIS software in the market.”
According to the report, one of the primary drivers in the market is development of enterprise GIS. Organizations are increasingly implementing enterprise GIS, which allows access to all geospatial data and applications throughout the organization. Organizations follow a standard and consistent methodology to address the needs of all units of the business hierarchy. To accomplish this, they adopt an enterprise GIS, which helps in sharing resources, data, and applications, as well as aiding in increasing operational efficiency. This enables better interdepartmental communication, resource sharing, and better decision-making.
Further, the report states that one major challenge in the market is communication gap between developers and end-users in APAC. A GIS database in most of the countries in APAC is developed by GIS experts with no or minimal input from the public. There is a need for more involvement from the society in the creation and development of GIS applications. End-users of GIS blindly accept the information and analysis given by GIS. Checking the authenticity of the information provided by the GIS systems is difficult owing to its complex technology. One of the technological limitations of the GIS is its shortcoming in defining real-world objects for the computer to understand. The information provided by the GIS is based on a selective process. This leads to the dissemination of information that does not fit the selection criteria. Thus, the complexity of technology and technological limitations of the GIS act as a major challenge to the growth of GIS in the transportation industry in APAC.
Autodesk, Bentley Systems, ESRI, Hexagon, MDA, Pitney Bowes, Autonavi, Caliper, China Information Technology, Google, HERE, Mapbox, Navinfo, Rolta India, SuperMap.