Published Date : May 09, 2016
ALBANY, New York, May 09, 2016: MarketResearchReports.biz has added a new research report pertaining to the industries of ICT. The research report, titled “Geographic Information System Market In The APAC Region 2016-2020” discusses the market movements of geographic information. The report provides conclusions based on best-practice methods for an increasingly dynamic market. It makes use of current and recent market data in order to accurately project future possibilities that the APAC GIS market might have to endure, in order to allow its players to prosper.
The array of tools are bundled under the term geographic information systems (GIS) are used for expanding business data gathering and improving geospatial data. It involves the integration of services, data storage, and hardware, all working together to process the data generated from geographical references and business information. A GIS can create digital replicas of the received geospatial data in order to process it and derive the required result.
According to the research report, the APAC GIS market will expand at a CAGR of 10.73% within a forecast period of 2016 to 2020. While reaching this conclusion, the report also covers other aspects of the APAC GIS market, such as the size of the market and the share held by each core vendor. Additionally, the report provides details on the revenue generation scope in the APAC GIS market, in terms of three major segments: services, data, and software.
The report’s reports of the software segment of the APAC GIS market includes developer software, cloud management software, mobile software, servers, and desktops. The segment of data includes business data and geocoding data, while the segment of services includes a large array of services and their types.
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The report also draws attention to the factors that are currently influencing the APAC GIS market, namely the drivers, restraints, and visible future trends. For instance, the key driver that is discussed in the report is the increasing use of GIS in the field of marketing, while the key restraint is the high initial investment required for setting up a GIS.
The future of the APAC GIS market will depend on the customization abilities of GIS providers, as there is a current trend in the market that suggests an increasing demand for industry-specific GIS.
The key players in the APAC GIS market, as discussed in the report, are Rolta India Ltd., Pitney Bowes Inc., MDA, Hexagon AB, and Esri. Other prominent players profiled in the report include SuperMap, China Information Technology, GE Energy, and Autodesk. The report discusses each major player in terms of their market strengths and weaknesses, along with the opportunities that each vendor might find in the near future.
The report thus covers a plethora of aspects on the APAC GIS market that collectively show proof of the size that this market will reach till 2020.
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