DUBLIN — (BUSINESS WIRE) — November 11, 2013 — Research and Markets ( http://www.researchandmarkets.com/research/lzp78x/global_gis_market) has announced the addition of the "Global GIS Market in the Utility Industry to 2016" report to their offering.
The analysts forecast the Global GIS market in the Utility industry to grow at a CAGR of 10.37 percent over the period 2012-2016.
One of the major drivers in the market is the increased need for a knowledge infrastructure. Several industries in the Utility industry such as Electricity, Gas, and Water rely heavily on the updated data provided by GIS with respect to infrastructure development such as the development of new pipeline facilities. GIS market vendors are providing customized GIS solutions to meet specific industry requirements/applications as several end-users prefer customized GIS solutions to retain their competitiveness in the market.
Customized GIS solutions are cost-effective, and this acts as a driving factor for their increased adoption over regular GIS solutions. Customization helps increase the process efficiency of the industry by providing critical information on network and asset health, and it provides visibility of the industry's workflow and processes. Therefore, the increased focus on providing application-specific GIS solutions is a major trend in the Global GIS market in the Utility industry.
Further, the report states that one of the major challenges in the market is the lack of awareness of GIS technology in developing countries. Most end-users in developing countries are unaware of the advantages of GIS products and the methodologies to utilize and leverage GIS technologies to enhance their process efficiency and their profits.
The key vendors dominating this market space include:
- Bentley Systems Inc.
- Esri Inc.
- GE Energy
Key Topics Covered:
01. Executive Summary
02. List of Abbreviations
04. Market Research Methodology
05. Scope of the Report
06. Market Landscape
07. Product Segmentation
08. Geographical Segmentation
09. Key Leading Countries
10. Vendor Landscape
11. Buying Criteria
12. Market Growth Drivers
13. Drivers and their Impact
14. Market Challenges
15. Impact of Drivers and Challenges
16. Market Trends
17. Key Vendor Analysis
For more information visit http://www.researchandmarkets.com/research/lzp78x/global_gis_market