The Geographic Information System (Gis) Market
is anticipated to grow owing to the Increase in demand for process industries
such as Petrochemicals, Oil and Gas, Steel & Metal, and Mining industry
which consists of individual manufacturing units that need to be located and
coordinated to continue smooth flow till the finished product. Portfolio
optimization, site selection, and design & construction, is provided by GIS
to maintain and operate the facilities.
A geospatial information
system or (GIS) is a conventional tool that understands geographical or
information. The systems digitalize the received geographical data, process
(store, infer, analyze) the data, and deliver the required output to the
consumers. Various Industries around the world are implementing GIS systems to
obtain precise results and enhance their operations.
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Global Geographic Information
System (GIS) Market is expected to grow at a significant CAGR in the upcoming
years as the scope is increasing across the globe. Increasing demand of GIS
engineering applications can be attributed to the growing traditional GIS
systems in the global market. With GIS it is possible to map, model, query, and
analyze large quantities of data all held together within a single database.
Increasing demand for
electronic mapping systems is expected to drive the market growth in the
foreseeable future. By implementing GIS in Utility infrastructure such as
water, electricity, gas and telecommunication, outage time may be reduced
leading to more efficient operation of the facilities. The exact location of
Utility pipes or poles and distribution boxes can be mapped thereby helping the
maintenance crew to identify and repair if any failures or outages are caused.
The expensive nature of GIS
technology is anticipated to be one of the major challenge hindering the market
growth. The cost of installing software and maintenance are very high. However,
rising economic trends among several developing nations is expected to help the
market to grow at a higher rate
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