"Smart Strategies, Giving Speed to your Growth Trajectory"
Geographic information system (GIS) analytics solutions are majorly adopted by agriculture, construction, mining, and government sectors. For instance- in March 2018, Granular Inc. has partnered with Space Exploration Technologies Corp to provide the solutions to agriculture sector in the U.S.
Government initiatives in infrastructure development and urbanization development have supported the market growth. The smart city projects, land and waste management, and other real-time location-based services have boosted the market growth. Growing investments in modern GIS solutions and increased access to spatial data and cloud technology are factors promoting the market growth.
Key Market Driver -
• Development in the urbanization, smart cities, town planning drives the market. • Increased demand for real-time location-based services is boosting the market growth.
Key Market Restraint -
• High set-up cost of the GIS system impedes the market growth
Some of the key players in the geographic information system analytics market are Hexagon AB, Esri, GeoSpark Inc., Trimble Inc., Bentley Systems, Incorporated, SuperMap Software Co., Ltd., Pitney Bowes Inc., Topcon Corporation and others.
Esri has partnered with Open Systems International, Inc. in January 2020. This partnership will offer advanced GIS Capabilities and Real-time monitoring to water, electric, and gas utility customers. The customers will leverage both Open Sytems International Inc.’s operational technology platform and Esri’s ArcGIS Utility Network Management as part of GIS. The partnership will combine real-time monitoring of Esri and OSI’s automation to provide complete control and awareness of the network for utility supply chain holistic system on a larger scale.
In October 2019, Trimble Inc. acquired CityWorks (Azteca Systems, LLC) a provider of enterprise asset management software for governments and utilities. Azteca Systems, LLC leverages the power and flexibility of Geographic Information System (GIS) technology and business logic asset management, licensing, permitting, etc. for managing the public assets and infrastructure. This acquisition will expand Trimble Inc.’s infrastructure management and digital asset solutions.
The key players in this market have adopted the partnership and acquisition strategies to boost their market growth.
North America shows is expected to grow in this market. Rising partnerships among the companies and investments contributing towards growth of region’s geospatial industry are few reasons for the market growth. For instance - in March 2018, Granular, Inc. an agriculture sector based company has announced global partnership with Planet Labs Inc. an aerospace and data analytics company. This partnership will offer software solutions to farmers using the satellite imagery data. Additionally, in 2018 U.S. Air force has invested USD 130 million in Space Exploration Technologies Corp to launch the Air Force Space Command Satellite in 2020. In addition, the presence of majority of GIS solution providers strengthens the market growth.
Asia Pacific is anticipated to grow in GIS market. High infrastructure development due to smart city projects, and urban development programs have increased the adoption of GIS solutions by many architectures, engineering and construction (AEC) firms
To gain extensive insights into the market, Request for Customization
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry