NEW YORK, Jan. 9, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global gis in utility industry market size is estimated to grow by USD 3.55 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of over 19.8%  during the forecast period. Increased adoption of GIS solutions in utility industry is driving market growth, with a trend towards increased use of GIS for water management. However, threat from open-source gis software  poses a challenge. Key market players include AABSyS IT Pvt. Ltd., Autodesk Inc., Avineon Inc., Bentley Systems Inc., Blue Marble Geographics, Cadcorp Ltd., Caliper Corp., Environmental Systems Research Institute Inc., General Electric Co., Hexagon AB, Mapbox Inc., Maxar Technologies Inc., Mobile GIS Services Ltd., NV5 Global Inc., Orbital Insight Inc., Pitney Bowes Inc., Schneider Electric SE, SuperMap Software Co. Ltd., Trimble Inc., and VertiGIS Ltd..

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The utility industry is embracing Geographic Information System (GIS) technology to enhance operations and improve customer experience. Trends like Spatial Context, Site Selection, and Land Acquisition are key areas where GIS solutions are making a difference. In Utility Planning and Designing, GIS enables better Visualization and Building of infrastructure. Smart Cities and Urban Planning rely on Geospatial Data from Satellite Imaging, Aerial Photography, and Remote Sensors for effective decision-making. GIS software and Digital Reality Solutions like Building Information Modeling, Augmented Reality (AR), and 4D GIS software are transforming Utility Industry projects. GIS solutions are essential for Grid Modernization, Water Management, and Transportation applications. Startups and Software Solutions are revolutionizing the Geospatial Industry with innovative hardware and enterprise solutions. Geospatial technology is crucial for Infrastructure Management, Public Safety, Natural Resources, and Defense Industries. GIS is vital for Agriculture, Mining, and Smart City projects. Modern GIS solutions offer licensing, permitting, and digital asset solutions to streamline business processes like Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. Geospatial data barriers are being addressed with advanced GIS tools, making data accessible for Utilities, Water, Electric, and Gas customers. 

GIS plays a significant role in the utility industry, particularly in water management and agriculture. For water management, GIS provides tools for assessing and managing water resources through simulation models. These models aid in making informed decisions regarding water flow rate, turbidity, pH, oxygen levels, and bacteria content. In agriculture, GIS enhances precision by offering detailed spatial data on soil moisture, crop health, and irrigation needs. This information enables farmers to optimize water usage effectively. Additionally, GIS facilitates groundwater management by mapping aquifer locations and monitoring recharge rates, which is essential in water-scarce regions. GIS solutions help identify leakages and manage pressure, ensuring efficient water usage in utility networks. 

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•         The utility industry is embracing Geographic Information Systems (GIS) to tackle various challenges in Spatial Context, Site Selection, Land Acquisition, Planning, Designing, Visualizing, Building, Project Management, and more. GIS solutions are essential for Smart Cities and Urban Planning, enabling the use of Geospatial Data from Satellite Imaging, Aerial Photography, and Remote Sensors. AI, Sensors, and Digital Reality Solutions are transforming Utility Industry with Building Information Modeling, Augmented Reality (AR), and 4D GIS software. GIS plays a crucial role in Water Management, Mapping Systems, Grid Modernization, Transportation, and Infrastructure Management. Startups and Software Solutions are revolutionizing the Geospatial Industry with Enterprise Solutions, ERP, CRM, and BPM. Transport, Public Safety, Natural Resources, Defense Industries, Agriculture, and Mining are also benefiting from modern GIS solutions. However, Geospatial Data Barriers, Licensing, Permitting, and Infrastructure Management remain significant challenges. Investments in modern GIS solutions are essential to overcome these hurdles and provide Smart Utilities, Green Buildings, and Smart Urban Planning.

•         Open-source GIS software has gained significant traction in the utility industry market, particularly in emerging economies like China and India. Small and medium-sized enterprises (SMEs) in these countries, which constitute a large portion of the market, are unable to afford the high cost of commercial GIS software. Consequently, they have turned to open-source alternatives. Even large companies are increasingly opting for open-source software as part of their cost-cutting measures. In the Asia Pacific region, where software products frequently change, open-source GIS software is a popular choice among companies. This shift towards open-source software poses a challenge to the sales and pricing strategies of commercial GIS software providers.

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This gis in utility industry market report extensively covers market segmentation by  

Product 1.1 Software1.2 Data1.3 ServicesDeployment 2.1 On-premises2.2 CloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Software-  The global GIS market in the utility industry encompasses a range of software solutions designed to cater to the unique requirements of utility companies, including electricity, gas, water, and telecommunications providers. The software segment includes Geographic Information System (GIS) Software, Asset Management Software, Network Design and Planning Software, Field Service Management Software, and Mobile GIS Applications. GIS Software serves as the foundation for managing and analyzing geographical data, enabling utility firms to store, manipulate, analyze, and visualize maps, satellite imagery, and aerial photos. Asset Management Software helps track and manage physical assets, such as transformers, poles, pipes, and meters, by connecting to GIS platforms for a comprehensive view of asset data alongside geographic information. Network Design and Planning Software assists utility firms in organizing and planning their infrastructure, using GIS data to identify the most effective locations and routes for infrastructure components. Field Service Management Software streamlines field operations by managing service requests, dispatching technicians, and monitoring work orders, with real-time visibility of field activities based on location. Mobile GIS Applications provide utility personnel with access to geospatial data on smartphones or tablets, enabling them to view asset data, gather field data, and perform inspections locally. The software segment’s growth is driven by the increasing need for efficient infrastructure management, regulatory compliance, and the integration of advanced technologies like IoT and AI. The ongoing digital transformation in the utility sector and the adoption of smart grid and smart city concepts are expected to fuel the growth of the software segment in the global GIS market in utility industry during the forecast period.

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The utility industry is increasingly embracing Geospatial technology to enhance efficiency, improve decision-making, and promote sustainable development. Spatial context plays a crucial role in site selection and land acquisition for utility projects. Geospatial technology aids in planning and designing, allowing for visualization of projects in 3D using Building Information Modeling (BIM) and Augmented Reality (AR). In the utility industry, Geospatial technology is essential for water management, mapping systems, and grid modernization. Smart Cities are leveraging these technologies for transportation planning, green buildings, and smart urban planning. Geospatial industry solutions include software and hardware offerings from startups and established companies. Geospatial technology is revolutionizing utility infrastructure planning with smart city planning, land use management, and smart infrastructure planning. Geospatial technology is also transforming utility operations with smart utilities, enabling real-time monitoring and predictive maintenance. Overall, Geospatial technology is a game-changer for the utility industry, driving innovation and sustainability.

The utility industry is leveraging Geographic Information Systems (GIS) to enhance operational efficiency and improve customer service. GIS technology provides a spatial context for site selection, land acquisition, planning, designing, visualizing, building, and project management in the utility industry. Geospatial data from satellite imaging, aerial photography, remote sensors, and artificial intelligence (AI) are used for water management, mapping systems, grid modernization, and transportation applications. GIS solutions enable smart city planning, urban planning, green buildings, and smart urban planning. Startups and software solutions offer 4D GIS software, augmented reality (AR) platforms, and digital reality solutions for enterprise applications, including Enterprise Resource Planning, Customer Relationship Management, and Business Process Management. GIS technology is also used in surveying, construction, public safety, natural resources, transportation, defense industries, agriculture, mining, and smart city projects. Licensing and permitting processes are streamlined with modern GIS solutions, enabling infrastructure management and digital asset solutions for water, electric, and gas utility customers.

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductSoftwareDataServicesDeploymentOn-premisesCloudGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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SOURCE Technavio

Collaboration Between Leading Brands to Advance Global Profiles & Engineered Systems

BETHANY, Conn., Jan. 9, 2025 /PRNewswire/ — LATICRETE, a manufacturer of globally proven construction solutions for the building industry, has acquired a majority stake in fuma-Bautec, one of the leading German profile manufacturers. Since April 2023, fuma-Bautec was the exclusive profile supplier of LATICRETE for the United States and Canada markets. The acquisition takes the established relationship between the two companies to the next level, expanding capabilities in developing profiles and engineered systems worldwide.

The partnership with fuma-Bautec builds on the LATICRETE legacy of manufacturing products of the highest quality for tile and stone installation systems, with now the capability to deliver aluminum and stainless-steel profiles with industry-leading precision in every region. Consistent color and finishing embolden the LATICRETE product roster while also dovetailing with the brand’s innovative color matching to grouts and sealants. The acquisition further underscores the LATICRETE objective of delivering the most comprehensive installation systems with a leading warranty.

“We are excited to welcome fuma-Bautec to the LATICRETE family,” said Patrick Millot, CEO of LATICRETE. “Their exceptional brand reputation and product innovation align perfectly with our mission to deliver premium solutions globally. With this partnership, LATICRETE is now the only player that can offer a full portfolio of premium solutions worldwide for tile and stone installation systems. We are eager to partner with existing and new customers in every region to accelerate growth with them in every channel.”

With LATICRETE acquiring a majority stake in fuma-Bautec, the remaining shares will be retained by the fuma-Bautec CEO Michael Demeter. As part of the LATICRETE Group, fuma-Bautec will continue to operate and expand under Demeter’s leadership while maintaining its strong brand identity and commitment to innovation. Globally, LATICRETE and fuma-Bautec will leverage their combined strengths to accelerate development and drive market leadership in every region.

“My team and I are very pleased to write the next chapter of our company with LATICRETE,” said Demeter. “We share the same values, both companies being a global family business and offering premium and innovative solutions in tile and stone installation systems. The synergies between our companies are tremendous, and as a shareholder and CEO of our new joint venture, I am confident fuma-Bautec with LATICRETE will be recognized as a worldwide player in profiles and engineered systems.”

For more information, visit https://www.laticrete.com.

About LATICRETE
LATICRETE is a leading manufacturer of globally proven construction solutions for the building industry. LATICRETE offers a broad range of products and systems covering tile & stone installation and care, masonry installation and care, resinous and decorative floor finishes, concrete construction chemicals, and concrete restoration and care including the SUPERCAP® System. For over 65 years, LATICRETE has been committed to research and development of innovative installation products, building a reputation for superior quality, performance and customer service. LATICRETE methods, materials, and technology have been field and laboratory proven by Architects, Engineers, Contractors and Owners. Offering an array of low VOC and sustainable products, LATICRETE® products contribute to LEED certification, exceed commercial/residential VOC building requirements, and are backed by the most comprehensive warranties in the industry. For more information, visit laticrete.com.

About fuma-Bautec
fuma-Bautec is a leading manufacturer of tile profiles and accessories. With a commitment to premium quality and sustainability, fuma-Bautec offers more than 4,800 different products and cutting-edge technology for a wide range of tiling applications. Founded more than 20 years ago in Ludinghausen, Germany, fuma-Bautec is dedicated to meeting the evolving needs of its customers and contributing to the development of modern infrastructure. Whether for residential, commercial, or industrial projects, fuma-Bautec is the trusted partner for reliable, cost-effective and future-oriented profile solutions.

Media Contact:
Sean McFarland, MA (412.851.3242)
sean.mcfarland@bld-marketing.com

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SOURCE LATICRETE

Company Focuses on IAM Expansion, Appoints Brian Claridge to Critical Role

CUMBERLAND, Md., Jan. 9, 2025 /PRNewswire/ — Provision IAM, a technology leader in Identity Security for Community Banks and Credit Unions, announced today a key enhancement to its executive leadership team by hiring Brian Claridge as Chief Technology Officer. Brian will lead all aspects of the company’s product and technology efforts including product development and delivery, Engineering, DevOps, and Quality Control.

According to Provision’s Founder and CEO, Jonathan Hutcherson, “Brian’s multi-decade experience provides us a deeper understanding of how processes, technologies and systems interact to deliver high-value software. I’ve been particularly impressed with his unique ability to design, implement, and maintain complex infrastructures which will enable Provision to advance rapidly and scale efficiently.”

With over 26 years of Technology experience, Brian was most recently Platform and Productivity Architect with Fireworks™ Software. There he played a crucial role in rearchitecting their infrastructure for a hosted CRM SaaS product, ensuring scalability, reliability, and security across all aspects of the application. Before that Brian consistently immersed himself in web development and IT operations in a range of companies including Workiva™ and GoDaddy™. His career is distinguished by a relentless desire to study, explore and adopt emerging technologies, languages, and processes.

“I’m thrilled to join Provision IAM,” said Brian Claridge, “the market opportunity for a right-sized IAM software product is enormous.” He continued, “throughout Provision’s 25-year history they have always been focused on product innovation and excellence. I shared that obsession and feel lucky to be joining such a richly talented technical team.”

About Provision IAM: Financial Institutions run hundreds of systems with varying user access permissions that require timely, accurate management. Plus, these permissions evolve constantly. Internal and external audits are conducted frequently to ensure security compliance. Provision Identity Access Management platform automates all access-related tasks to improve productivity, heighten security, and reduce audit preparation efforts.

Contact: Abigail Brewer, abrewer@provisioniam.com

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SOURCE Provision IAM