Technavio predicts the global GIS (geographic information system) market in the transportation industry will grow at a CAGR (compound annual growth rate) of around 12 percent between 2016 and 2020—and it will impact how the construction industry builds new roads.
The ability of GIS systems to gather, organize, display and analyze information has made it a necessary tool for the transportation industry. The primary use of GIS in the transportation industry is for traffic management through real-time traffic data based on location, and in the construction of new road networks based on traffic requirements. With the growing need for road and rail construction in the transportation sector, the market for GIS will witness massive growth during the forecast period.
Vendors in the GIS market are offering customized GIS applications as per industry requirements. Many vendors are offering 3D GIS software to improve the operational efficiency of security applications.
APAC (Asia Pacific) dominated the GIS market in the transportation industry and accounted for the largest market share in 2015. The rapid development of urban infrastructure in countries such as India, China, Indonesia, Malaysia and South Korea is contributing to the growth of this market. With increasing instances of urbanization and growing vehicle population, the need for more highways and effective road networks will increase in this region.
