[June 25, 2013]

Research and Markets: GIS Market in Europe 2012-2016: Increasing Demand of GIS Technology from Government Sectors Driving Growth

Research and Markets (http://www.researchandmarkets.com/research/mpxqs4/gis_market_in) has announced the addition of the "GIS Market in Europe 2012-2016" report to their offering.

The analysts forecast the GIS market in Europe to reach US$3,323.62 million by 2016. One of the key factors contributing to this market growth is the increasing demand from the Government sector. The GIS market in Europe has also been witnessing the development of integrated GIS systems. However, the need for high initial investment could pose a challenge to the growth of this market.

The key vendors dominating this market space include EADS (News - Alert) Astrium GmbH, Esri Inc., Hexagon AB, MacDonald, Dettwiler and Associates Ltd., and Ordnance Survey.

The other vendors mentioned in this report are Autodesk (News - Alert) Inc., Bentley Systems Inc., Digital Globe Inc., GE Energy, Geo Eye Inc., and Ubisense Group plc.

Commenting on the report, an analyst from TechNavio's Enterprise Computing team said: GIS market vendors are providing customized GIS solutions to meet specific industry requirements/applications as several end-users prefer customized GIS solutions to retain their competitiveness in the market. Customized GIS solutions are cost effective and this acts as a driving factor for its increased adoption over regular GIS solutions. The emergence of customized GIS solution also eliminates the need for high initial investment, and thus has increases its adoption. Therefore, the increasing focus on providing application-specific GIS solutions acts as a major trend in the GIS market in Europe.

Many government and military organizations are increasing investments in GIS technology to effectively increase national infrastructure and security.

For more information visit http://www.researchandmarkets.com/research/mpxqs4/gis_market_in

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