Published on : Nov 17, 2014
The term “Geographic Information System” dates back to the mid 1960s. But it has only been in the past few years that the array of applications using GIS technologies has significantly risen. The GIS market has traditionally served industries such as forestry, natural resources, and many other environment related fields. Only recently, GIS services have begun to be used in diverse application areas related with management and business functions such as marketing, facilities and site management, planning, decision making and logistics.
Market research firms state that the global GIS applications market, a market that serves to capture, analyze, manage and display all forms of geographically referenced information, is worth hundreds of millions of dollars. Some market intelligence firms note that the global GIS market had an approximate net worth of US$3,400 million in 2010. The market is rising at nearly 35% per year, and involves more than 120 different software vendors.
Unlike more conventional databases, the records and objects stored in a GIS are identified according to geographic locations. This implies that a GIS is capable of supporting various kinds of geographically-based retrieval and analysis methods, and thus answering to geographic queries. Given the importance of location in fields such as land use, planning, resource management and marketing, the global GIS market holds enormous growth potential. But the current diversity of disciplines and interests in the field, the absence of a standard software module and the need for a clear intellectual core gives a confusing impression to uninitiated businesses.
Finding a grounding position in an uncertain but highly potential marketplace like this, businesses need to have a clear picture of the market. For a clear understanding of the market, its current state and future prospects, a suitable market research report from ResearchMoz.com’s GIS market reports would help you significantly. Our extensive market research database will offer you a suitable GIS report and help you earn a winning edge in the global GIS market.