AI Enhanced Solutions Drive the Field Service Management Market

New ARC Advisory Group research on the Field Service Management (FSM) market reveals that several drivers are converging to drive growth. Infusion of industrial AI in the industry continues to improve business processes, simplify jobs for the workforce, and scale technology. Industrial AI is being leveraged in various areas, including asset management and field service management. Industrial AI is helping users simplify and bring in improvements throughout different stages of field service. Based on the details on asset health conditions and technician skill sets, modern FSM solutions can leverage industrial AI to recommend the right technician to the scheduler or even match and schedule the technician itself. AI and data analytics are also proving to be of immense help to optimize the route planning process.

"The newer advanced technologies available today have helped push the limits to go beyond reactive maintenance, which often involved unacceptably long downtime. Advanced field service management with new digital tools, especially artificial intelligence (AI) help owner/operators and service providers bring in transformational advances in field service and hence overall business performance," according to Inderpreet Shoker, Director of Research and key author of ARC's Field Service Management Market Research.

Field Service Management Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • A Lifecycle View of Assets
  • Convergence of Customer Service and Field Service 
  • Knowledge Capture
  • Mobility Improves Data Integrity and Usefulness
  • Rising Application of Machine learning, Analytics, and AI 
  • SaaS Is Displacing Perpetual Licenses

Leading Suppliers to the Field Service Management Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: IFS, Microsoft, Salesforce, ServiceMax, ServiceTitan.

About the Field Service Management Research

Field Service ManagementThe Field Service Management research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Revenue Category, Software Revenues by Type, Service Revenues by Type, Customer Tier, Customer Type, Sales Channel.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis. 
     

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Manufacturing Execution Systems for Process Market Growth Accelerated by Digital Transformation and Enhanced User Experience

ARC Advisory Group’s recent research reveals that Manufacturing Execution Systems (MES) for Process Industries is strategic to intelligence and efficient data-driven decisions. To improve user experience, companies are combining digital technologies including AI, digital twins, augmented and virtual reality, and new low code/no code platforms to streamline and make things simpler and easier to use. Simplified intuitive user experience (UX) is very important and often needs to align to the corporate culture. The ability for workers from anywhere (on-premise, on-site, etc.) to access manufacturing intelligence easily and securely has emerged as another key characteristic. The MES must be easy to deploy, connect and integrate. It must be simple to use, intuitive, and collaborative. The software should be scalable and adapt quickly to new innovative technologies and culture.

"MES/MOM enables enterprise-wide knowledge and user experience (UX). MES in 2022 includes a simplified user experience that takes advantage of auto functionality, and software tools that can be used across the enterprise MES that integrate advanced analytics and AI for better intelligence and more auto functionality that results in faster data-based decisions, reduced costs, increased efficiency and improved operational performance. MES solutions that incorporate newer technologies such as cloud and edge computing, operator advisors, advanced analytics (and AI), augmented and virtual reality, robotics, drones, and other devices and sensors will lead to a future with very few humans on the shop floor," according to Janice Abel, Principal Analyst and key author of ARC's Manufacturing Execution Systems for Process Industries Market Research.

Manufacturing Execution Systems for Process Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Autonomous Operations
  • Connected Collaborative Workers Across the Enterprise from Anywhere 
  • Digital Transformation or Operations
  • Flexible and Agile Manufacturing that Adapts to Changes
  • Inflation, Sustainability, Geopolitical Challenges
  • New SaaS Subscription and Remote Services
  • Personalized Production, Workflows and Automate-to-order Applications Using Low Code/No Code Configuration 
  • Rapid Deployment
  • Supply Chain and Raw Material Constraints Drive New Applications and Technologies 
  • US Inflation Reduction Act and Other Government Incentives
  • User Experience (UX) and Personas

Leading Suppliers to the Manufacturing Execution Systems for Process Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Aspen Technology, AVEVA, Emerson Automation Solutions, Honeywell, Siemens.

About the Manufacturing Execution Systems for Process Research

Manufacturing Execution Systems for ProcesssThe Manufacturing Execution Systems for Process research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Scope of Research, Customer Type, Customer Tier, Industry, Revenue Category, Sales Channel, Service Revenues by Type, Deployment Model, Function, World Region.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis. 

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Global Industrial Analytics Market Forecasted for Accelerated Growth

ARC’s recently released report on industrial analytics finds that a healthy double-digit growth is expected across multiple geographies and industries as industrial analytics play a pivotal role in helping companies tackle digital transformation strategies including predictive and prescriptive analytics, quality control, process optimization, supply chain optimization, safety and risk managements, and energy management. Focusing on industrial and infrastructure markets, this ARC Advisory Group Global Industrial Analytics report provides concise research of the market for analytics that focus, in part or whole, on operational data, processes, and use cases. The report includes information on market size, growth, and business 
strategies.

"Industrial analytics are quickly finding a foothold in almost every vertical market. The automotive industry was a relatively early adopter of analytics and continues to garner a top share of the market. Analytics are key to product quality both in production and use. Growth will be driven in part due to continued EV production, shoring up supply chain weaknesses, and increased competition," according to Marianne D'Aquila, Director of Research and key author of ARC's Industrial Analytics Market Research.

Industrial Analytics Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Data Proliferation and Increase in IoT Devices
  • Global Disruption on Many Fronts is Driving Adoption of Industrial Analytics 
  • Increased Adoption of Smart Manufacturing and Industry 4.0
  • Integration of AI and Machine Learning 
  • Knowledge Capture
  • Partnerships and Acquisitions 
  • Regulatory Compliance
  • Sustainability

Leading Suppliers to the Industrial Analytics Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: AWS, Microsoft, SAS, Symphony AI Industrial, Uptake.

About the Industrial Analytics Research

Industrial AnalyticsThe Industrial Analytics research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Deployment Model, Application.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis. 

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Modern Enterprise Asset Management Systems Help End Users Meet Business Objectives

New ARC Advisory Group research on the Enterprise Asset Management (EAM) market reveals that EAM systems have become a primary enabler of digital transformation for asset management among industrial companies. EAM systems are becoming key for end users in achieving their business goals. Modern enterprise asset management combines traditional maintenance management strategies with new digital technologies for transformation advances in reliability, maintenance execution, and business performance.

"The enterprise asset management market is experiencing strong growth for several reasons, most notably because of the business benefits available with modern EAM and APM capabilities. This translates into expanded capabilities for improved uptime, asset longevity, and cost control with reduced unplanned downtime. Modern EAM systems support APM across the asset management functions including reliability, inspections, maintenance, and engineering, and into operations. Synergies across these functions enables new forms of digital transformation with improved operational performance," according to Inderpreet Shoker, Director of Research and key author of ARC's Enterprise Asset Management Market Research.

Enterprise Asset Management Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Adoption of Mobile Devices
  • Advanced Analytics and Machine Learning 
  • Awareness of Advanced EAM Systems 
  • Connected Assets
  • SaaS and Cloud Adoption

Leading Suppliers to the Enterprise Asset Management Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Hexagon, Hitachi Energy, IBM, IFS, SAP.

About the Enterprise Asset Management Research

Enterprise Asset Management Market TrendsThe Enterprise Asset Management research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Overall Scope, World Region, Industry, Sales Channel, Customer Tier, Revenue Category, Software Revenues by Type, Service Revenues by Type, Application and Asset Type.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis. 
     

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Artificial Intelligence and Analytics Drive Growth in the Asset Reliability Market

According to new ARC Advisory Group research, artificial intelligence and analytics are currently the hottest trends in the growing market for asset reliability software and services. The ability to parse enormous data sets to gain insight into asset health and performance enables manufacturing organizations to target their optimization efforts more finely than ever before. These techniques also introduce a new set of software-only suppliers to enter the reliability market that may not have the industry or process knowledge to be as effective as those with deep domain expertise. The market outlook remains upbeat for the asset reliability software and services solutions market, primarily driven by the accelerated adoption of AI and analytics for asset management applications.

"The asset reliability software and services solutions market continue to attract strong interest for several reasons, most notably because of a need for advanced asset performance management (APM) capabilities. Key reasons include a desire to add advanced asset management features, such as remote monitoring and management, predictive maintenance, and predictive analytics," according to Inderpreet Shoker, Director of Research and key author of ARC's Asset Reliability Software & Services Market Research.

Asset Reliability Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • A Lifecycle View of Assets
  • Adoption of Digital Twin Models
  • Adoption of Predictive Maintenance 
  • Global Economic Impact 
  • Knowledge Capture
  • Rising Application of Machine Learning and Analytics 
  • Stalled Progress
  • Traditional Reliability Needs Resources

Leading Suppliers to the Asset Reliability Software & Services Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Augury, Bentley Systems, Emerson Automation Solutions, General Electric, SKF.

About the Asset Reliability Software & Services Research

Asset Reliability Market Trends The Asset Reliability Software & Services research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The research segmentation includes Revenue Category, Sales Channel, World Region, Industry, Service Revenues by Type, Software Revenues by Industry, Service Revenues by Industry, Revenue by Deployment Model, Service Revenues by Methodology, Software Revenues by Methodology, Revenues by Methodology, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis. 
     

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

The Global Product Lifecycle Management Market Has Promising Growth Prospects

ARC’s recently released research on Product Lifecycle Management (PLM) finds that healthy growth is expected across multiple geographies and industries as innovative technologies, complex product needs, and digital transformation challenges are being solved by enhanced PLM solutions. Product lifecycle management serves as the backbone of manufacturing companies’ success by providing a comprehensive framework for managing the entire lifecycle of their products. Many PLM suppliers now facilitate seamless collaboration and integration across departments, from initial product design and development to manufacturing, distribution, and even post-sales support and service. North America and Europe are the largest markets. Companies from these regions tend to be leaders in industry, have a high consumer demand and a mature market model. India and China are growing as countries and look to manufacture in-house and satisfy large populations. Growth in the Middle East is coming from mega infrastructure projects.

"Despite the global challenges and economic uncertainties, companies are deploying product lifecycle management solutions to increase their operational resilience, agility, and efficiencies. Today’s solutions from PLM vendors are becoming the backbone for successful business transformation because they provide the digital foundation and enterprise product record for a product throughout its lifecycle," according to Marianne D'Aquila, Director of Research and key author of ARC's Product Lifecycle Management Market Research.

Product Lifecycle Management Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Cloud Deployment and Subscription-based Pricing Models are Gaining Greater Acceptance 
  • Digital Twins and Digital Simulation Are Becoming More Significant
  • Electrical Vehicles and Products Are Increasing Demand
  • Global Disruption on Many Fronts is Driving Digital Transformation 
  • Innovative Transformative Technologies Are Increasing Demand
  • Integration of IoT Analytics Is Differentiating PLM Platforms 
  • PLM and Sustainability Are Intersecting
  • PLM Is the Backbone of Digital Lifecyle Management
  • PLM Suppliers are Increasingly Integrating Advanced Analytics into Their Solutions

Leading Suppliers to the Product Lifecycle Management Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Autodesk, Dassault Systems, PTC, SAP, Siemens.

About the Product Lifecycle Management Research

Product Lifecycle ManagementThe Product Lifecycle Management research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and 1 year of historical analysis. The segmentation includes Revenue Category, Sales Channel, World Region, Industry, Customer Type, Customer Tier, Deployment Model, Application, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including one year of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Quality Management Systems Market Grows as New Industries Adopt

Recent research from ARC Advisory Group reveals that the Quality Management Systems (QMS) market continues to grow as new industries adopt these systems to increase their product quality. While quality assurance and overall continuous improvement methods have been in place for decades in discrete manufacturing, the adoption of these quality methods has moved to other industries like life sciences/pharma, medical devices, consumer goods and services, and non-manufacturing industries like power generation and utilities, financial and banking services, consumer goods, and food & beverage.

"Producing quality products and services is essential to maintaining and growing any company’s business. If any company experiences a significant recall of their products or even a gradual degrading of product quality, it becomes very difficult to recover market share in a competitive global market. Because of this situation, comprehensive quality assurance strategies and industry-focused solutions are now essential to nearly every business that offers products and services to its respective markets. The QMS market is clearly being driven by the significant demand of all industries for quality solutions that cover all domains of the design/build/operate/maintain product lifecycle," according to Daniel Keyser, Analyst and key author of ARC's Quality Management Software Market Research.

Quality Management Software Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • Adoption of QMS Has Moved Beyond Manufacturing to Other Industries 
  • QMS Software Market Will be Driven by Demand for more Reliable Products
  • Supply Chain Management Processes Build upon Quality Management Principles

Leading Suppliers to the Quality Management Systems Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Epicor, Hexagon AB, Honeywell, PTC, Sphera.

About the Quality Management Systems Research

Quality Management Systems Market Trends The Quality Management Software research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Revenue Category, Sales Channel, World Region, Industry, Customer Tier, Service Revenues by Type, Deployment Model, Application, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Geospatial Information Systems Market Growth Driven by Migration to the Cloud

New ARC Advisory Group research on the Geospatial Information Systems (GIS) market indicates that the market continues to expand, with ARC forecasting a significant compound annual growth rate (CAGR) over the next five years. Geospatial information systems provide spatial data entry, management, retrieval, analysis, and visualization functions. GISs also integrate hardware, software, and data for capturing, managing, analyzing, and displaying all forms of geographically referenced information.

"With everything heading toward the cloud, such as documents, images, contacts, calendars, presentations, articles, and accounts, the shift of GIS toward the cloud is logical. Most of the leading GIS vendors have developed or are developing cloud GIS solutions, and a growing number of private GIS companies are also watching this space very closely. At the same time, there is also a strong need for interoperability standards like the Open Geospatial Consortium (OGC) and web feature services. For GIS to support a digitized automated workflow, real-time data needs to be transferred between the field sensors and office solutions without any information loss, and this has increased the need for interoperability," according to Kiran Chavan, Analyst and key author of ARC's Geospatial Information Systems Market Research.

Geospatial Information Systems Market Trends

In addition to providing detailed competitive market share data, the report also addresses key market trends as follows:

  • 5G
  • Bring your own Device (BYOD)
  • Distributed Energy Resource Management (DERM) 
  • Emergency Management
  • Integration with Business Intelligence (BI) 
  • Machine Learning and Other AI Techniques 
  • Network-level Optimization
  • Out-of-the-box GIS Offering 
  • Renewable and Sustainable 
  • Significant Cost and Time Savings 
  • Uncertainty in the Global Economy

Leading Suppliers to the Geospatial Information Systems Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Bentley Systems, Esri, General Electric, Hexagon, SuperMap Software.

About the Geospatial Information Systems Research

Geospatial Information SystemsThe Geospatial Information Systems research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, and five years of historical analysis. The segmentation includes Revenue Category, Sales Channel, World Region, Industry, Service Revenues by Type, Project Size, Overall Scope.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

Engineering Design Software & Building Information Modeling Markets Continue Strong Growth

ARC’s new research on the Engineering Design Software and Building Information Modeling (EDS/BIM) market includes engineering design, analysis, and project management software and associated services used for the design and construction of physical plants and infrastructure. The EDS portion of the report includes power, process, and marine industries. The BIM market includes infrastructure. The market continued its strong growth in 2022 and is expected to continue to experience high market growth globally. Most of the suppliers of EDS/BIM software have converted from selling upfront perpetual licenses to subscription services. Subscription services have many benefits to the user, including converting CapEx to OpEx, nearly eliminating dependencies on IT support, no more upgrades, and reducing the first-year acquisition cost (including the servers) by about 60 percent.

"The benefits of SaaS, including reduced first year acquisition costs, have dramatically expanded the number of seats for EDS/BIM software suppliers. Continued urbanization and the adoption of smart city technologies are both driving growth in the EDS/BIM software market. In parallel to urbanization, the infrastructure’s attributes are changing to accommodate smart cities, which are designed using EDS/BIM software," according to Ralph Rio, Vice President of Enterprise Software and key author of ARC's Engineering Design Software for Plants, Infrastructure, and Building Information Modeling Market Research.

Leading Suppliers to the Engineering Design Software Market Identified

In addition to providing specific market data and industry trends, this ARC market research also identifies and positions the leading suppliers to this market and provides and summarizes their relevant offerings. An alphabetical list of key suppliers covered in this analysis includes: Autodesk, Bentley Systems, Hexagon, Nemetschek AG, Trimble.

About the Engineering Design Software & Building Information Modeling Research

Engineering Design SoftwareThe Engineering Design Software & Building Information Modeling research explores the current and future market performance and related technology and business trends and identifies leading technology suppliers. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modelling techniques. The research includes competitive analysis, five-year market forecasts, five years of historical analysis.  Research segmentation includes Revenue Category, Sales Channel, World Region, Customer Type, Service Revenues by Type, Deployment Model, Software Revenues by Type, Engineering Tools, Market Sector, Infrastructure & AEC/BIM, Plant Design.

This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include:

  • MIRA Service:  An annual subscription service that provides a unique online environment to each customer, together with all the necessary user interface apps and datasets. MIRA unlocks the full benefits of ARC’s time-tested market intelligence by leveraging the latest analytical tools and technologies to allow you to make more actionable, real-time business decisions.   Interactive access to ARC’s qualitative analysis is displayed in context with up-to-date market data, allowing clients to develop customized views of the market to best suit their needs.  
  • Concise Market Analysis Report (PDF):  This wide-screen presentation format provides executives, business unit managers, and other users with immediate access to in-depth market analysis, including analysis associated with every market data chart and figure. Included is an executive-level summary of the current market dynamics, five-year market forecast, and competitive analysis, plus an overview of strategic issues. The PDF is available with a comprehensive set of charts with associated analysis.
  • Market Intelligence Workbook (Excel Power Pivot, sold with Market Analysis Report PDF):  A standard Excel Workbook, including base year market data and a five-year market forecast. This workbook enables licensed users to freely manipulate data, making it easier to analyze the latest data for business intelligence and generate custom reports, including up to five years of historical analysis.

For more information on this and other available ARC market research, please visit our Market Analysis Services section.

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