The analysts forecast the GIS market in India 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.
The report, the GIS Market in India 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the GIS market in India landscape and growth prospects in the coming years. The report also includes a discussion of the key vendors operating in 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.
According to the report, 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.
Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are ERDAS Inc., Ulusal CAD ve GIS zmleri A.S, Astrium (EADS Co.), Autodesk Inc., AvisMap GIS Technologies, Beijing SuperMap Software Co. Ltd., Bentley Systems Inc., Caliper Corporation, China Information Technology, Computer Aided Development Corp. Ltd. , Digital Globe Inc., GE Energy, Geosoft Inc., Geosoft Incorporated, GoogleMap, Hexagon AB, Hitachi Zosen Corp., Dettwiler, and Associates Ltd., Overwatch, Overwatch Systems, Ltd., PASCO Corp. , Pitney Bowes Inc., ScanPoint Geomatics Ltd., SuperMap Inc., SuperMap Software Co. Ltd., The US Geological Survey, Ubisense Group plc, UK Ordnance Survey, and WTH Technology Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.