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Global GIS Market in the Natural Resource Industry 2012-2016

Global natural resource GIS market: 9% CAGR growth forecast between 2012-2016


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2014-02-12 04:15:01 - Global GIS Market in the Natural Resource Industry 2012-2016 - a new market research report on companiesandmarkets.com

The global natural resource GIS market is to grow at a CAGR of 9.34 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from process industries The Global GIS market in the Natural Resource industry has also been witnessing the increasing adoption of GIS applications for mobile computing devices. However, the easy availability of open-source GIS Software could pose a challenge to the growth of this market.

The Global GIS market in the Natural Resource industry is witnessing the adoption of mobile-based GIS applications by many end-users. Organizations across the Natural Resource industry can access GIS-related details through mobile devices at any point of time. Several vendors have begun to provide

 

 

GIS solutions and applications to various mobile computing devices and smartphones for commercial enterprises. For instance, Esri Inc. Is the key leading vendor in the Global GIS market, and it offers Android applications for its end-users. The citizens of the US can use smartphones to visualize the government spending and its impact on various projects. The US government has tie-ups with Esri for providing detailed information to the citizens on smartphones via various applications on iPhone and iPads.

The industry is witnessing many growth drivers such as the increasing demand from the process industries. The GIS market in the Natural Resource industry receives major revenue from various process industries such as Oil and Gas, Petrochemicals, and Mining; these industries are some of the key leading natural resource industries.

Further, the report states that a major challenge in the market is the easy availability of open-source GIS Software. Several organizations across the Natural Resource industry prefer open-source GIS software due to its easy availability and cost benefit.

The key vendors dominating this space include Environmental Systems Research Institute Inc., Hexagon AB, and MacDonald, Dettwiler and Associates Ltd. The other vendors mentioned in the report are Astrium (EADS Co.), Autodesk Inc., AvisMap GIS Technologies, Beijing SuperMap Software Co., Ltd., Bentley Systems Inc., China Information Technology, Digital Globe Inc., GE Energy, Geo Eye Inc., Hitachi Zosen Corp., PASCO Corp., Pitney Bowes Inc., The US Geological Survey, Ubisense Group plc, and UK Ordnance Survey.

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