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

LONDON–(BUSINESS WIRE)–#buyingandplanning–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.

“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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the report snapshot before purchasing

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.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
[email protected]