Home News Business GIS market in utility segment to touch USD 3.7 bn: Pike Research

GIS market in utility segment to touch USD 3.7 bn: Pike Research

Boulder, US: According to the latest report by Pike Research, utility spending on GIS services, software, and tools will increase steadily over the next five years, reaching USD 3.7 billion in 2017. Pike Research’s report, Utility Geographic Information Systems, analysed the global market opportunity for GIS across four key application segments: GIS tools and GIS workflow applications for architecture, engineering and construction (AEC) and operations applications. The report provided a comprehensive assessment of the demand drivers, business models, and technology issues associated with this rapidly growing opportunity.

Bob Gohn, Vice President of research at Pike Research said, “The smart grid has energised electric utilities to think creatively about how to improve the delivery of electrical power and the business and workflow processes that enable it. As the deployment of intelligent field equipment, particularly advanced metering infrastructure, has surged, the applications leveraging this infrastructure are increasingly dependent on GIS-based data for critical real-time performance.”

Broadly speaking, there are eight core GIS-related utility applications in use or nearing deployment today, and they fit into three categories of market maturity: applications already adopted by a majority of utilities, including automated mapping and facilities management, back office, and plant and facility design and construction systems; applications experiencing wide-spread adoption over the next few years, such as asset, mobile workforce, and outage management; and newly emerging GIS-integrated tools, such as advanced distribution management and advanced metering infrastructure.  The challenges to the effective adoption and use of these systems in the electric utility market involve data complexity and quality, mobile workforce requirements, loss of existing GIS knowledge and skills through retirement, organisational structure and the GIS vendor ecosystem.

Source: Pike Research