Dublin, Oct. 23, 2013 (GLOBE NEWSWIRE) -- Research and Markets
(http://www.researchandmarkets.com/research/t5z4vr/global_gis_market) has announced the addition of the "Global GIS Market in the Telecommunication Industry 2012-2016" report to their offering.
One of the key factors contributing to this market growth is the increasing use of GIS in capacity planning. The Global GIS market in the Telecommunication industry has also been witnessing the development of integrated GIS systems. However, the availability of low-cost GIS equipment could pose a challenge to the growth of this market.
The key vendors dominating this market space include Autodesk Inc., Bentley Systems Inc., Esri Inc., Digital Globe Inc., GE Energy, Hexagon AB, MacDonald, Dettwiler, and Associates Ltd., and Ordnance Survey.
Commenting on the report, an analyst from the Enterprise Computing team said: The Global GIS market in the Telecommunication industry vendors are providing customized GIS applications to meet specific industry requirements. Companies prefer customized GIS solutions that suit their requirements as this can help them remain competitive in the market. Moreover, vendors are developing application-specific GIS solutions, which are in high demand among customers as they are more cost-effective than general purpose GIS solutions.
According to the report, the Global GIS market is driven by several factors, one of which is the growing use of GIS in capacity planning. Using GIS solution, users can devise logical communication network structure based on the future communication demand, as it provides critical information on market segmentation and consumer usage pattern.
Further, the report states that one of the major challenges in the market is the availability of low-cost GIS equipment. The availability of low-cost GIS equipment vendors has forced international and commercial GIS vendors to reduce the price of their products to remain competitive. This has led to price war among competitors in the market.
For more information visit http://www.researchandmarkets.com/research/t5z4vr/global_gis_market
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Source:Research and Markets