Study Forecasts Worldwide GIS/Geospatial Revenue of $3.6 Billion by End of 2006
Exton, Pa. – Bentley Systems, Incorporated today announced that it has been named the world’s No. 2 provider of GIS/geospatial software in a just-released Daratech research study.
“Bentley’s strong position as a geospatial solutions provider is due to its growing ability to meet the unique needs of teams designing and managing infrastructure,” said Charles Foundyller, president and CEO of Daratech, Inc. “GIS for infrastructure is one of the fastest-growing areas in the geospatial business. The GIS capabilities that infrastructure teams rely on are distinct and demand capabilities beyond those of traditional GIS applications.”
Said Styli Camateros, vice president, Bentley Geospatial, “Our strategy of advancing GIS for infrastructure is paying off. Our solid geospatial platform, coupled with integrated engineering and planning applications, enables us to provide strong solutions second to none to address the infrastructure needs of national, regional and local governments, public works organizations, water and sewer utilities, civil engineering firms, communications service providers, and electric and gas utilities. Completing the package is our commitment to interoperability and de facto standards such as Oracle Spatial 10g.”
According to the Daratech study, the worldwide GIS/geospatial business grew by 17 percent in 2005. In 2006, revenue is forecast to reach $3.6 billion, up from $2.82 billion in 2004. Revenues are growing fastest in the public sector, which includes federal and municipal governments. Software revenues accounted for more than half of total GIS/geospatial revenues in 2004, with revenues from GIS software vendors reaching $1.5 billion.
The study says that ESRI, Bentley, and Intergraph are the leading providers of this technology and account for over half of the total GIS/geospatial software revenues. Bentley is ranked as the No. 2 vendor of GIS/geospatial software solutions worldwide, second only to ESRI. The full study is available for purchase at www.daratech.com.
To learn more about Bentley’s leading geospatial solutions, attend the upcoming live eSeminar, presented by Styli Camateros, on advancing GIS for infrastructure. The eSeminar is being held Aug. 9, 2006, at 11 a.m. EDT. To register, visit www.bentley.com/advancingGIS.
About Daratech
Daratech, Inc. is a leading provider of information technology market research and technology assessment, advisory and strategic consulting services, and executive-level conferences for manufacturing, engineering, construction and plant operations. Established in 1979, Daratech specializes in PLM, CAD/CAM, digital product simulation (CAE), PDM/EDM, AECO PLM (architecture, engineering, construction, operations, plant lifecycle management), document/enterprise content management, GIS, and related areas. For more on Daratech, visit www.daratech.com. For more on the Daratech GIS/Geospatial market study, visit www.daratech.com/research/gis/2006.
About Bentley
Bentley Systems, Incorporated provides software for the lifecycle of the world’s infrastructure. The company’s comprehensive portfolio for the building, plant, civil, and geospatial verticals spans architecture, engineering, construction (AEC) and operations. With 2005 revenues of $336 million and more than 2000 colleagues around the world, Bentley is the leading provider of AEC software to the Engineering News-Record Top 500 Design Firms and major owner-operators and was named the world’s No. 2 provider of GIS/geospatial software solutions in a recent Daratech research study.
To receive Bentley press releases as they are issued, visit www.bentley.com/bentleywire. For more information, visit www.bentley.com. To view a copy of Bentley’s May 2006 Annual Report online, go to www.bentley.com/annualreport.
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