Global Geographic Information System Analytics Market 2016-2020
About the Geographic Information System (GIS) Analytics Market
Traditional data is the data obtained by a company that monitors everyday activities within the system. It includes transaction data, customer data, sales and financial data, marketing data, and inventory data. Geospatial data is provided using systems such as GIS. It includes asset data, location data, regional data, and location-based mobile device data.
Specific data is data obtained regarding a particular demography and industry-specific data. Useful business data is obtained when the three types of data are blended together. All data sets are sorted and then geocoded. After geocoding, the data is combined spatially and enriched with demographic data. Software such as Alteryx is used for this process.
Technavio’s analysts forecast the global GIS analytics market to grow at a CAGR of 18.25% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global GIS analytics market for 2016-2020. To calculate market size, the report takes only the software and services into consideration.
Technavio Announces the Publication of its Research Report – Global Geographic Information System (GIS) Analytics Market 2016-2020
Technavio recognizes the following companies as the key players in the global geographic information system (GIS) analytics market: GE, Hexagon, Esri, Trimble Navigation, Pitney Bowes, MDA, and IDM Analytics.
Other Prominent Vendors in the market are: Alteryx, Tibco, Cambridge Systematics, Sanborn, Environics Analytics, and FLO Analytics.
Commenting on the report, an analyst from Technavio’s team said: “A trend which is majorly boosting market growth is the integration of GIS data with big data analytics. The integration of GIS data with big data analytics has led to a new way of analyzing and sorting large volumes of cluttered data to obtain meaningful and useful data. GIS analytics provider Esri has built GIS tools for Hadoop that help to use the Hadoop framework for spatial analysis on spatial data. Hadoop is an open-source software for big spatial data analysis. The following are the functions of the software:
• Visualization and analyzation of maps.
• Publication of map applications online.
• A large amount of spatial data is recorded in Hadoop. Polygon analysis is conducted on this data to obtain new informative results.
• Manages operations on billions of spatial data records based on location.”
According to the report, a key growth driver is the increased use of GIS analytics in disaster management. The increased use of GIS analytics in forest fire management, earthquakes, flood management, and carbon management has made GIS technology an effective tool in disaster management. The government and natural resources sectors are highly dependent on GIS for disaster management. GIS provides geographical information that is useful to detect areas that are prone to disasters. Any changes or deviations in the typical information will lead to an inspection by experts. GIS is used for applications such as fire risk assessment, prescribed burn planning, forest fire simulation, and post-fire assessment.
Further, the report states that one challenge that could hamper market growth is the lack of skilled GIS analysts.
GE, Hexagon, Esri, Trimble Navigation, Pitney Bowes, MDA, IDM Analytics, Alteryx, Tibco, Cambridge Systematics, Sanborn, Environics Analytics, FLO Analytics.