Geographic Information Systems Market- The Increasing Demand Of This New Technology Among The Process Industry For Better Service

Geographic information system or GIS is an organized set of geographic data, computer software, hardware and efficiently self-designed of geographic information. Geographic information systems store, capture, manipulate, up-date, analyze and display all types of geographic information. Previously, the geographic information system was a map based information systems. Currently, the geographic information system is changing into systems of insight and systems of engagement. Industrial enterprises are trying to reach entire organization with simple access to spatial information to get awareness of their operation. In addition, rising net working complexity of the organization such as microgrids, renewable, electric vehicle, prosumers, energy storage systems and others are resulting companies to install geographic information systems to have access and to better understand the infrastructure information.

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The key factor is driving the market of geographic information systems due to the increasing demand of this new technology among the process industry for better service, geographic information interpretation and management and security. The increasing need for prediction and identification of the natural disasters and to minimizing damages is fueling the growth of geographic information systems market. In addition, after the occurrence of earthquakes and tsunami and the destruction the market of geographic information systems is growing due to the rising need of identification of these are natural calamities. In addition, increasing need of land management systems coupled with rising real estate and construction industry is further booming the market of geographic information systems and this factor is expected a significant growth during the forecast period. The impact of this driver is high in recent times and is expected to be remaining high during the forecast period. However, the lack of awareness about geographic information systems adoption for land managing solution the growth of this market is becoming slowdown. Additionally, high investment cost is also restraining the growth of this market. Moreover, the free source of GIS software now available on the internet. Therefore the restraining factor of this market is expected to be low during the forecast period.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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