DUBLIN — (BUSINESS WIRE) — October 21, 2013 — Research and Markets ( http://www.researchandmarkets.com/research/4fv543/gis_market_in_us) has announced the addition of the "GIS Market in US 2012-2016" report to their offering.
The analysts forecast the GIS market in the US to grow at a CAGR of 10.96 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Government sector. The GIS market in the US has also been witnessing the development of integrated systems. However, the increasing government regulations and guidelines could pose a challenge to the growth of this market.
The key vendors dominating this market space are Esri Inc., MacDonald, Dettwiler and Associates Ltd., The US Geological Survey, and Hexagon AB.
The other vendors mentioned in the report are Astrium (EADS Co.), Autodesk Inc., AvisMap GIS Technologies, Bentley Systems Inc., DigitalGlobe Inc., GE Energy, Geo Eye Inc., Hitachi Zosen Corp., PASCO Corp., Pitney Bowes Inc., and Ubisense Group plc.
Commenting on the report, an analyst from the team said: Many GIS vendors are developing integrated GIS solutions to avoid interoperability issues. End-users can integrate GIS solutions with design, analysis, and simulation software. For instance, manufacturing companies integrate GIS solutions with simulation and analysis applications in the product development cycle. Some GIS vendors are also providing fully-integrated GIS applications as an enterprise application. These enterprise applications provide companies with end-to-end solutions using various applications such as asset management, planning, analysis, remote access, distribution of information, and controlling existing IT systems.
According to the report, the GIS market in the US has several growth drivers. Increasing demand from the Government sector is one of the major drivers in the GIS market in the US. 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/4fv543/gis_market_in_us.
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