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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
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