LONDON--(EON: Enhanced Online News)--Technavio has announced the top six leading vendors in their recent global GIS market report. This research report also lists eight other prominent vendors that are expected to impact the market during the forecast period.
“Though new vendors are emerging in this market, they find it difficult to compete with the international vendors in terms of quality, functionalities, features, and services. The competitive environment in this market will intensify with the increase in service extensions, technological innovations, and M&A”
The global GIS market will grow at a CAGR of 10.53% during the forecast period. GIS software is used for mapping, geocoding, routing, modeling, reporting, analyzing, and data management. End-users across industries rely on GIS to enhance their productivity, decision-making ability, and safety and security standards. Developing countries such as China, Brazil, India, Indonesia, and South Korea will have a high market growth during the forecast period. However, the growth of the market is mainly driven by the increasing interest shown by the public sector in developed countries such as the US, Canada, Germany, and France.
Competitive vendor landscape
The global GIS market is fragmented with the presence of many vendors. The market is characterized by the presence of well-diversified international, regional, and local vendors. In this market, many local and regional vendors provide different GIS software, data, and services at a comparatively lower price than international vendors.
“Though new vendors are emerging in this market, they find it difficult to compete with the international vendors in terms of quality, functionalities, features, and services. The competitive environment in this market will intensify with the increase in service extensions, technological innovations, and M&A,” says Ishmeet Kaur, a lead product lifecycle management analyst from Technavio.
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Top six GIS market vendors
Autodesk is a design software and services company. It serves customers in the architecture, engineering, construction, manufacturing, digital media, consumer, and entertainment industries worldwide. The company conducts its R&D primarily in Canada, China, Singapore, and the US.
Autodesk's growth strategy is more of providing desktop software and interoperable software through flexible licenses, product suits, and social-based and cloud-based services. Autodesk provides several products, which can be accessed through the web, cloud, and mobile devices.
ESRI offers geographic information system, related software, and geospatial analysis products using ArcGIS platform. It serves different industries including business, government, utilities, communications, and additional industries. It has more than 350,000 clients globally and has a partnership with over 1,800 companies. The company has a wide presence covering Africa, Antarctica, Asia, Europe, North America, Oceania, and South America.
Hexagon is a provider of integrated design, measurement, and visualization technologies. It enables its customers to measure and position objects, design, process, and present data through its technologies to stay a step ahead.
MDA offers ground-based and space-based information to a number of end-users, especially the government and military agencies and organizations. The company has two business divisions: Communications and Surveillance and Intelligence. The communications segment provides satellite solutions, satellite payloads, and several other communication products to both commercial and government end-users. Through the surveillance and intelligence segment, the company provides value-added products, satellite imagery, and related products.
Pitney Bowes is one of the largest geospatial equipment and mailing service providers in North America. The small and medium-sized business solutions segment’s operations are further categorized into two sub-segments, namely North America Mailing and International Mailing. The North America Mailing segment comprises revenue and related expenses from rental, sale, and financing of mailing equipment and supplies provided to small and medium-sized businesses to formulate mail and evidence postage in Canada and the US.
SuperMap is one of the largest GIS providers in Asia and is based in Hong Kong, China. The company provides GIS software and services for different requirements such as facility management, land management, smart city development, environmental protection, and real estate. The company provides desktop GIS, mobile GIS, and GIS services.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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