2012-12-12 03:56:17 - Geographic Information System (GIS) Market in Oil & Gas Sector 2008-2012 - a new market research report on companiesandmarkets.com
A Geographic Information System/Spatial Information Management (GIS) is a collection of software and geographic data for capturing, managing, analyzing, and displaying all forms of geographically referenced information. In the strictest sense, it is a computer system capable of integrating, storing, editing, analyzing, sharing, and displaying geographically referenced information. In a more generic sense, GIS is a tool that allows users to create interactive queries (user-created searches), analyze the spatial information, edit data, maps, and present the results of all these operations.
GIS, as an information integration tool, has a wide range of application. The possibility of integrating spatial and alphanumeric data has made it widely applicable to a variety of fields. Recently, there has been a growing interest among organizations to
use GIS to enhance the decision making processes, at both strategic as well as operational levels. GIS addresses many information needs of the decision makers. It helps them leverage their spatial data more efficiently, by visually bringing together relationships among customers, suppliers, and competitors.
The importance of GIS systems in the oil and gas industry has been consistently increasing over the years because of the inherent cost and time benefits in them. GIS systems significantly reduce the time required by executives (in oil companies) to explore, evaluate, develop and commercialize oil/gas producing fields.
The oil & gas sector is considering GIS as a mainstream technology for proper planning and operations. Vertical specific solutions are expected to have a wider application and ease of use. Therefore, users´ interest in industry specific GIS solutions is increasing. Currently, availability of vertical specific GIS solutions from traditional and small vendors is on the rise.
The report by TechNavio Insights forecasts the size of the Geographic Information System (GIS) Market in the oil & gas sector over the period 2008-2012. It segments the GIS market into various geographic regions (representing the market size for each of these regions). Further, it discusses the various GIS categories, key market trends, drivers and challenges of the Geographic Information System (GIS) market in the oil & gas sector, and profiles some of the key vendors of this industry.
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