[October 23, 2017]

Geographic Information System (GIS) Market Procurement Report - Pricing Trends and Analysis by SpendEdge

Global procurement intelligence advisory firm, SpendEdge, has announced the release of their 'Geographic Information System(GIS) Procurement Research Report.' The insights and data in this report provide a strategic analysis of the supply markets, factors influencing purchasing decisions, procurement best practices, pricing models, supplier landscape, and an analysis of the supplier capability matrix for the IT industry. This report breaks down the data and analysis behind the procurement of promotional products and acts as an all-inclusive guide for making smart purchasing decisions.

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Global Geographic Information System (GIS) Procurement Market Intelligence Report (Graphic: Business Wire)

"The growth of the global geographic information system market can be attributed to the high demand for GIS from the government sector where it is used for urban planning, disaster management, and development of smart cities," says SpendEdge procurement research analyst Bhuvaneshwari Udayakumar. "The use of GIS for routing pipelines and deciding locations for drilling wells makes the oil and gas industry one of the major buyers," added Bhuvaneshwari.

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Report Insights

• The global GIS market is expected to grow at a CAGR of 10.60% during the forecast period. The real estate and retail sectors are the next major buyers of the category after the government sector. In the real estate sector, GIS is used for investment analysis and modeling of future development projects. It is also used to make predictions about customer behavior, in a region, and for deciding locations for the opening of new stores.
• One of the best practices that buyers should adopt is to perform an exhaustive need analysis study that enables them to identify key stakeholders involved in the implementation of the project and also assists them to determine the scope and use of GIS across functions of the business.
• The major challenge faced by the buyers is the lack of support from senior management due to the lack of awareness and understanding for such solutions. Therefore, providing the senior management a detailed account of the capabilities of a GIS and how those capabilities can be utilized to gain tangible benefits in the long-term would help the buyers overcome the obstacles.

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Geographic Information System Market: Pricing Trends

The subscription-based pricing is the most widely adopted pricing model in the GIS industry. It provides buyers the advantage of scalability to expand the usage of GIS across the organization and still provides the flexibility to switch to another solution. Though buyers who adopt this pricing model cannot avail the discounts associated with long-term engagement models, they can pay a small amount which limits the risk involved in the investment.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

View source version on businesswire.com: http://www.businesswire.com/news/home/20171023005545/en/

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