Published on : Dec 20, 2016
ALBANY, NY, Dec 20, 2016: The report presents in-depth insights into the various factors influencing the market’s trajectory. Growth drivers encouraging the uptake of GIS in the transportation industry are studied in detail. The restraints posing threat to the market are also listed and discussed at length.
According to the report, the global GIS market in the transportation industry is predicted to exhibit nearly 12% CAGR between 2016 and 2020. Geographic information system (GIS) is primarily used for traffic management in the transportation industry. It provides real-time location-based traffic data used during the construction of new road networks based on advanced traffic requirements.
Often integrated with intelligent transportation system and transport telematics, GIS is designed to resolve the most common traffic issues. The technology therefore helps monitoring agencies map structure and width of the road. The data thus acquired is used during the ongoing construction works, subsequently assisting in the traffic management. Therefore, the increasing road and rail construction worldwide and the expansion of the transportation sector, especially in the emerging economies, will help accelerate demand for GIS in the transformation industry.
Based on product, the global GIS market in transportation can be segmented into software, services, and data. Of these, the software segment held the largest share in the market ion 2015. Furthermore, the report has predicted the segment to remain dominant through the course of the forecast period. The increasing use of GIS software in geocoding, mapping, routing, reporting, analyzing, modelling, and data management in the transportation sector will aid the growth of the segment.
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Regionally, the global GIS market in transportation can be segmented into the Americas, EMEA, and APAC. Among these, APAC dominated the global GIS market in transportation in 2015. The increasing expansion of the construction sector in South Korea, China, Malaysia, Indonesia, and India, bolstered by rising investment from their respective governments, will aid the expansion of the GIS market in the transportation sector of Asia Pacific.
The leading vendors in the global GIS market offer customized GIS applications. In order to gain competitive advantage, these companies are also developing application-specific GIS solutions and offer the same in competitive pricing. The report discusses in detail the various strategies adopted by the leading players in the market. The profiles of these companies are included in the report, covering their financial status, product portfolio, and information regarding the latest mergers and acquisitions.
Companies such as Autodesk, ESRI, Hexagon, Pitney Bowes, MDA, and Bentley Systems are identified as the key vendors in the market. Other companies profiled in the report Google, Caliper, SuperMap, Navinfo, and Autonavi.
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