Authored By: Sarah
06 Feb 2024

Mapping Success: GIS Propels Utilities to a USD 2.30 Billion Horizon

Geographic Information System (GIS) technology emerges as a pivotal force, reshaping operations and decisions. This digital cartographer seamlessly maps complex infrastructure networks, optimizing asset management for a seamlessly operating utility sector.

The GIS Market in the Utility Industry is projected to grow at a CAGR of 16.04%, followed by an increment of USD 2.30 billion by 2028. This growth is fueled by increased GIS adoption, GIS-BIM integration, and AR-GIS integration, empowering utilities to efficiently manage assets and infrastructure.

GIS offers a spatial perspective that empowers utilities with real-time, actionable insights. Location intelligence, a cornerstone of GIS applications, enables precise resource allocation, predictive maintenance, and swift responses to service disruptions.

Download Now: GIS Market in the Utility Industry Sample Report

How Does the Fusion of Geospatial Technology and Remote Sensing Reshape Utility Management?

GIS market trends underscore the increasing reliance on spatial analytics, emphasizing scalable GIS solutions. Industry insights gleaned from GIS technology contribute to strategic planning, regulatory compliance, and the pursuit of sustainable practices.

The fusion of geospatial technology and remote sensing propels utility management into the future. Remote sensing technologies monitor assets, detect anomalies, and assess environmental impact. GIS platforms facilitate informed decision-making, safeguarding infrastructure, and the environment, streamlining daily operations. Leveraging GIS tools for enhanced spatial visualization optimizes workflows and resource allocation for utility companies.

Some of the Core offerings by key players comprise

  • AABSyS IT Pvt. Ltd offers GIS solutions such as remote sensing and computer-aided design and drafting solutions for electric and gas utilities.
  • Autodesk Inc. offers GIS solutions through its subsidiary Gentry Systems for the electric utility market.
  • Avineon Inc. offers GIS solutions such as Mark 811 for electric, water, and gas utility industries.

Companies deploy multifaceted strategies like strategic alliances, partnerships, mergers, acquisitions, and innovative product launches. Bentley Systems, Blue Marble Geographics, General Electric, and many more are some of the prominent names in the market landscape.

What holds for the Future?

As GIS technology evolves, utility companies embrace advanced platforms fostering innovation. This GIS ecosystem charts a course toward growth, sustainability, and resilience, driving the utility sector into the future.

In the utility industry, GIS isn't just a tool; it's a dynamic catalyst shaping the utilities of tomorrow. As utilities embrace the power of GIS, the marriage of geospatial technology and strategic innovation propels the sector toward a more resilient, efficient, and sustainable future. As GIS technology revolutionizes utility operations, investors stand to benefit from real-time insights, enhanced asset management, and a trajectory toward a more resilient, efficient, and sustainable future for the sector. Download GIS Market in the Utility Industry Sample Report Now

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