Published on : May 09, 2016
ALBANY, New York, May 09, 2016: The report astates that the APAC GIS market is expected to expand at a 10.73% CAGR during the period between 2016 and 2020. The market’s growth will be aided by the rising use of geographic information systems in marketing campaigns as well as the technical advancements in GIS systems.
GIS is a specially designed system that captures, stores, manipulates, analyzes, manages, and presents all kinds of geographical data. What goes beyond the geographic information system is the spatial data infrastructure, a special concept that has no restrictive boundaries. GIS applications are programs that allow people to create interactive queries, analyze information, edit information in maps, and display results of various operations. Geographic information systems can relate unrelated data by using location as its key index variable. This concept of geographic information systems has started to open many new opportunities for scientific inquiry.
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A geographic information system is a set of specially designed tools utilized to elucidate geospatial data and business data. GIS integrates hardware, software, services, and data to process business and regionally referenced data. It does this by digitizing the information received. A geographic information system also allows organizations to visualize, analyze, question, and interpret data in order to better understand patterns, trends, and relationships.
High initial investment is the key factor expected to hamper the growth of the geographic information system market in the APAC region in the years to come. However, the rising demand for industry-specific GIS is predicted to benefit the market in the APAC region.
The GIS market in the APAC region is well-spread with leading players covering different regions across Asia Pacific. Esri, Hexagon AB, MDA, Pitney Bowes Inc., Rolta India Ltd., Autodesk, GE Energy, China Information Technology, and SuperMap are some of the prominent players operating in the geographic information system market in the APAC region. The entry of new players is expected to make the GIS market in the APAC region highly competitive in the near future.
A growing number of organizations are adopting GIS to avail its benefits. The growing interest in the technology and the heightened awareness of the strategic and economic value of GIS are expected to propel the geographic information system market in the APAC region in the years to come. GIS is widely used by organizations of all sizes to optimize daily fleet movements and maintenance schedules. With GIS, organizations can take better decisions about selecting a business location. The increasing application of GIS in various industries is predicted to benefit the geographic information system market in the APAC region.
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