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GIS market share to grow at 16 pc in utility sector

US: Technavio, a market research firm, forecasted that the GIS market in the utility sector would grow at a CAGR of 16 percent over the period 2010-2015. One of the key factors contributing to this market growth is the growing demand for GIS tools to identify location-specific needs.

The GIS market in the utility sector has also been witnessing an increasing preference for GIS-based solutions among service providers in developing countries. However, the challenge due to the delayed introduction of GIS technologies into existing traditional processes could pose as an obstacle to the growth of this market. Key vendors dominating this market space include GE Energy, Hexagon, Bentley, Autodesk, and ESRI.

Technavio’s Geographic Information System Market in the Utility Sector 2010-2015 report is based on an in-depth analysis of the market with inputs from industry experts. The report covers the Americas as well as the EMEA and APAC regions. The report only covers the market for hardware, software and services that help organisations in the utility sector to improve their capabilities by capitalising on the GIS functionality.

Source: Technavio