Published Date : Aug 01, 2016
ALBANY, NY, Aug 01, 2016: Geographic information system (GIS) analytics find application across many industries. GIS analytics are used to improve customer relationship management, retail, funding and grant management, risk management, sales and marketing, transportation and logistics, healthcare reporting, manufacturing, and more. Business intelligence software and geographic information systems are the two essential components of business analytics. Organizations operating across many industries have now started combining geographic information systems with business intelligence into a single solution known as geographic information system analytics.
These are some of the findings of a new market report recently added by MarketResearchReports.biz to its online repository. The study gives a brief summary of the global geographic information system analytics market by highlighting rapidly developing segments. The report, titled ‘Global Geographic Information System Analytics Market 2016-2020,’ states that the global geographic information system analytics market is expected to exhibit an 18.25% CAGR from 2016 to 2020.
Factors such as the rising need for efficient land management and the rising use of GIS in disaster management are responsible for the growth of the global geographic information system analytics market. The report studies the current situation of the global geographic information system analytics market and further forecasts the market’s growth by profiling the technological developments adopted by leading players.
Primarily, the global geographic information system analytics market is expected to benefit from the rising integration of GIS with big data analytics. Even though the market is set for a significant expansion, a few factors are expected to restrict its growth. The lack of skilled analysts, the need for initial investments to set up GIS stations, and the risks of retrieving inaccurate data from multiple sources are some of the factors expected to hamper the growth of the market.
Government and utilities, retail and real estate, telecom, and the manufacturing and automotive sectors are some of the major end users of GIS analytics. The growing implementation of GIS analytics by various industries is expected to propel the market, state the analysts.
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For a competitive reports, the research geographically divides the global geographic information system analytics market into Europe, the Americas, Asia, and Rest of the World. Leading players operating in the global geographic information system analytics market are profiled in the report by considering factors such as their new product developments and recent technological developments. GE, Hexagon, Esri, Trimble Navigation, Pitney Bowes, MDA, IDM Analytics, Alteryx, Tibco, Cambridge Systematics, Sanborn, Environics Analytics, and FLO Analytics are some of the companies listed in the report. Currently, the global geographic information system analytics market is highly competitive in nature. While the entry of new companies will make the market even more competitive, it will still present opportunities for informed players, predict the report’s authors.
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