2014-01-30 05:51:02 - GIS Market in India 2012-2016 - a new market research report on companiesandmarkets.com
The India GIS market is to grow at a CAGR of 8.19 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Government sector. The GIS market in India has also been witnessing the development of next-generation systems. However, the need for high initial investment could pose a challenge to the growth of this market.
One of the main trends witnessed in the GIS market in India is development of next-generation systems. Many GIS vendors are developing next-generation GIS solutions so that they are compatible with technologically advanced systems in companies. Moreover, vendors are developing integrated GIS solutions to avoid interoperability issues. These next-generation GIS solutions can be integrated with
various design, analysis, and simulation software. For instance, manufacturing companies integrate GIS solutions with simulation and analysis applications in the product development cycle.
One of the main factors driving the market is the increasing demand from the Government sector. GIS market in India is witnessing increasing investment from the government and military organizations in order to enhance their national infrastructure and security.
One of the main challenges is the need for high levels of initial investment. Many SMEs and cost-driven companies are unable to adopt GIS technology because of the high initial investment. GIS technology requires high capital investment that affects the growth of the market among conventional industries such as Retail, Telecom, Real Estate, and Transportation and Logistics.
The key vendors dominating this market space include Autodesk Inc., Esri Inc., GE Energy, Hexagon AB, Hitachi Zosen Corp., MacDonald, Dettwiler and Associates Ltd., and Rolta India Ltd.
The other vendors mentioned are Astrium (EADS Co.), AvisMap GIS Technologies, Bentley Systems Inc., Caliper Corp., Computer Aided Development Corp. Ltd., Digital Globe Inc., ERDAS Inc., Geosoft Inc., GoogleMap, Overwatch Systems, Ltd., PASCO Corp., Pitney Bowes Inc., ScanPoint Geomatics Ltd., SuperMap Inc., and SuperMap Software Co. Ltd.
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