Tuesday 23 September 2014

Global GIS Market in the Transportation Industry to grow at a CAGR of 10.93% by 2018

A GIS is a system or a set of tools used to interpret business and geospatial data. It integrates hardware, software, and data for processing business and geographically referenced data. This system digitizes the received geospatial data and processes them to provide the desired output. GIS is used across various sectors, such as Natural Resources, Utilities, Federal Government, Communication and Telecom, Military/Law Enforcement, and Others, for various purposes such as disaster management, finding location details, viewing maps, marketing, designing facilities, and others.
Analysts forecast the Global GIS market in the Transportation industry to grow at a CAGR of 10.93 percent over the period 2013-2018.
The report recognizes the following companies as the key players in the Global GIS Market in Transportation Industry: Esri Inc., HERE, Hexagon AB and The US Geological Survey.
Other Prominent Vendors in the market are: Astrium, Autodesk, AvisMap GIS, Bentley, Digital Globe, GE, Geo Eye, Hitachi Zosen, MacDonald, Dettwiler and Associates, PASCO, Pitney Bowes, and Ubisense.
The shift toward Light Detection and Ranging technology is one of the major trends in the market. LIDAR has started to replace the old photogrammetric techniques used in GIS.
Covered in this Report
The Global GIS market in the Transportation industry can be divided into three segments: Software, Data, and Services.
Global GIS Market in Transportation Industry 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the EMEA and APAC regions; it also covers the Global GIS market landscape in the Transportation Industry and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers in the market is the increased need for road and rail construction. Rapid urbanization and growing population has led to increased traffic across the globe, especially in developing countries, which has increased the need for GIS in transportation to improve the efficiency of constructing railways and roadways.
Further, the report states that one of the major challenges in the market is the complex technology and technological limitations. GIS technology is quite complex in nature, and limitations crop up when efforts are made to make GIS more effective because the technology used to build GIS systems is complex and difficult to develop.
Single User License of the Report is Available at USD 3500, Buy the Report @ http://www.sandlerresearch.org/purchase?rname=23290 .