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http://www.transparencymarketresearch.com/geographic-information-systems-market.html
The
key factor is driving the market of geographic information systems
due to the increasing demand of this new technology among the process
industry for better service, geographic information interpretation
and management and security. The increasing need for prediction and
identification of the natural disasters and to minimizing damages is
fueling the growth of geographic
information systems market. In addition, after the occurrence of
earthquakes and tsunami and the destruction the market of geographic
information systems is growing due to the rising need of
identification of these are natural calamities. In addition,
increasing need of land management systems coupled with rising real
estate and construction industry is further booming the market of
geographic information systems and this factor is expected a
significant growth during the forecast period. The impact of this
driver is high in recent times and is expected to be remaining high
during the forecast period. However, the lack of awareness about
geographic information systems adoption for land managing solution
the growth of this market is becoming slowdown. Additionally, high
investment cost is also restraining the growth of this market.
Moreover, the free source of GIS software now available on the
internet. Therefore the restraining factor of this market is expected
to be low during the forecast period.
The
market of geographic information systems segmented into three
categories: by organization size, by category and by industry. Based
on organization size the market of geographic information systems is
segmented by small, medium and large. In terms of the category type
the market of geographic information systems is segmented by
hardware, software, service, and software service. Based on industry
type the market of geographic information systems is segmented by oil
and gas, retail, electric power T&D, government, mining,
engineering and business service (AEC) and others.
By
geography, the global geographic information systems market is
segmented into North America, Latin America, Europe, Asia Pacific
(APAC), Middle East and Africa. The North American geographic
information systems held the largest market share in 2016 and are
expected to hold its position during the forecast period. Owing to
its developed economic condition and rising awareness about advanced
technology and its acceptances is growing the market growth of
geographic information systems in this region. The U.S. and Canada,
there is a high focus on innovations in technology and research and
development is further fueling the growth of this market. North
America, followed by Europe, is expected to become second largest
revenue generating region for geographic information systems market
in 2016. The Asia Pacific (APAC) is expected to be the
fastest-growing region in the geographic information systems market.
Middle East and Africa has shown a remarkable growth in architecture
software followed by Latin America in recent years.
The
global geographic information systems market is marked by some strong
competition from the major players operating in this industry.
Numerous merger and acquisition, joint venture and partnership
agreement, product innovation, research and development and
geographical extension are some of the key strategies adopted by this
player to ensure long-term sustenance in these market key
participants in the global geographic information systems industry
include Hexagon AB (Sweden), GE Power (U.S) and Bentley Systems,
Incorporated (U.S) among others.
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
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