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Research and Markets: Global GIS Market in Retail Sector 2014-2018: Leading Vendors are Esri, Hexagon & MacDonald Dettwiler and AssociatesDUBLIN --(Business Wire)-- Research and Markets (http://www.researchandmarkets.com/research/pcq6nw/global_gis_market) has announced the addition of the "Global GIS Market in Retail Sector 2014-2018" report to their offering. The analysts forecast the GIS market in the Retail sector to grow at a CAGR of 12.57% over the period 2013-2018. A GIS is a system or a set of tools used to interpret business and geospatial data. It integrates hardware, software, and data for processing business and geographically referenced data. This system digitizes the received geospatial data and processes them to provide the desired output. GIS is used across sectors such as Natural Resources, Retail, Utilities, Federal Government, Communication and Telecom, Military/Law Enforcement, and Others. A GIS is used for in disaster management, finding location details, viewng maps, marketing, designing facilities, and others. The adoption of mobile-based GIS applications by many end-users, which enable them to access GIS-related details through mobile devices at any point of time is one of the most prominent trends emerging in the market. According to the report, increased use of GIS in decision-making processes and the increased need for asset management is one of the major factors driving this market. GIS plays an important role in the retail sector by providing salient insights such as emerging trends and patterns in the market. Further, the report states that availability of low-cost GIS hardware components from local vendors is one of the major challenges for the international vendors in the Global GIS market which has forced the international and commercial GIS vendors to reduce the price of their products to sustain competitive advantages in the market. Key Vendors
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