[May 13, 2013]

Research and Markets: Global Geographical Information Systems Market 2012-2016

Research and Markets (http://www.researchandmarkets.com/research/9xqghq/global) has announced the addition of the "Global Geographical Information Systems Market 2012-2016" report to their offering.

The Global GIS market is driven by traditional GIS, one of the largest segments in this market. It also generates a large portion of its revenue from hardware and software products. The Global GIS market is expected to post a CAGR of 9.60 percent during 2012-2016. The Global GIS market is driven by many growth factors; one is the increasing demand of GIS from Government sectors. However, the increased number of government regulations and guidelines could affect the growth of the market during the forecast period.

Some of the key vendors mentioned in the Global GIS Market 2012-2016 report include Dettwiler and ssociates Ltd., Esri Inc., Hexagon AB, MacDonald, and Pitney Bowes Inc. Other prominent vendors in the Global GIS market include Astrium (EADS Co.), Autodesk (News - Alert) Inc., AvisMap GIS Technologies, Beijing SuperMap Software Co. Ltd., Bentley Systems Inc., China Information Technology, Digital Globe Inc., GE Energy, Geo Eye Inc., Hitachi (News - Alert) Zosen Corp., PASCO Corp., The US Geological Survey, Ubisense Group plc, and UK Ordnance Survey.

Commenting on the report, an analyst from TechNavio's Engineering team said: ''The Global GIS market vendors are providing customized GIS applications to meet specific industry requirements. Companies prefer customized GIS solutions that suit their requirements as this can help them remain competitive in the market. Moreover, vendors are developing application-specific GIS solutions, which are in high demand among customers as they are more cost-effective than general purpose GIS solutions. The high initial investment is one of the major challenges in the Global GIS market, restricting several SMEs from adopting GIS technology. However, vendors have begun to develop application-specific GIS solutions. End-users prefer stand-alone application-specific GIS solutions because they are more cost-effective than general purpose GIS solutions. ''

Many government and military organizations are increasing their investment in GIS technology for the effective enhancement of their national infrastructure and security.

For more information visit http://www.researchandmarkets.com/research/9xqghq/global

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