LONDON–(BUSINESS WIRE)–SpendEdge has been monitoring the global geographic information system
market and the market is poised to experience spend growth of more than
USD 4 billion between 2019-2024 at a CAGR of nearly 9% during the
forecast period. Request
Free Sample Pages.
Read the 128-page research report with TOC and LOE on “The Global
Geographic Information System Market – Procurement Intelligence Report,
Pricing Outlook in Geographies that include APAC, North America, South
America, and MEA, top service providers, supplier selection and
negotiation strategies, and insights into best practices to optimize
procurement spend.”
Smart cities are gradually becoming global phenomena. The execution of
this concept involves the usage of geospatial technology to gather
business intelligence that aids in ensuring public safety and helps
civic authorities to function more effectively. Governments across
regions are leveraging geospatial solutions in the transportation sector
for highway maintenance, traffic modeling, route planning, and accident
analysis. Such extensive usages are contributing to spend growth in the
geographic information system market during the forecast period.
In terms of spend share, North America is dominating the market followed
by Europe. Buyers from the government, real estate, and retail sectors
are the primary purchasers of GIS in North America. Most of the European
countries are equipped with a sound IT infrastructure and people have
better awareness about the evolving technologies. This makes them more
likely to invest in the geographic information system market.
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The Top Geographic Information System Service Providers Enlisted in
this Report:
According to the forecasts, a substantial hike in insurance claim
amounts will force geographic information system service providers to
operate on low-profit margins. To compensate for this, suppliers will
increase their service charge which will have an inflationary impact on
the overall price structure in the global geographic information system
market. However, strategic cost-control initiatives, price forecasting
techniques, and adequate technology adoption will aid geographic
information system service providers to sustain their profit margins.
Such service providers will have the liberty to offer service to buyers
at competitive rates without hurting their profit margins. On this note,
this report has listed the top geographic information system service
providers, SLA agreement insights, and the selection and negotiation
strategies that buyers must undertake to achieve optimal procurement in
this market. Insights into some of the suppliers’ portfolio are given
below:
Hexagon AB– One of the leading players in the sensor, software
and autonomous solutions sectors, Hexagon specializes in geospatial and
geosystem technologies. It is known to deliver 5D smart digital world
with location intelligence and create smart digital realities from
different views with robust technologies that can capture, measure, and
visualize data.
Pitney Bowes- Among a range of cutting-edge products, Pitney
Bowes specializes in geoprocessing and flexible GIS solutions to help
companies derive enhanced insights and achieve true location
intelligence. Its clients include IBM, SOVOS, MAPFRE, Rexall, among
others.
Alphabet Inc. – The implementation of GIS solutions entails
fringe expenditures which can significantly increase the TCO of the
software. Some of these costs include installation, maintenance,
support, and media fees, and training, consulting, and customization
expenses. It is advised that prior to engaging with this service
provider, buyers insist on a detailed estimate of TCO.
Buy 1 report and get the second for 50% off. Buy 2 reports and get
the third for free. Download
the free sample of this report on the geographic
information system market.
Some of the key topics covered in this report are:
- Geographic information system market spend segmentation by region
- Geographic information system supply market analysis
-
Regional spend opportunity for geographic information system service
providers - Geographic information system service providers cost structure
-
Total cost of ownership analysis in the geographic information system
market - Geographic information system pricing models analysis
- Category management objectives
- Cost saving opportunities in the geographic information system market
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