London, UK: Research conducted by Technavio revealed that the global GIS engineering application market is expected to grow at a CAGR of 13.7 percent. The report, which focuses on the Americas, EMEA and APAC indicates, that the market is currently driven by the surge in the availability of geospatial information among other factors.
“As a result of developments in satellite based mapping, there has been an exponential increase in the amount of geospatial information available. This is leading to the increased adoption of GIS technologies across multiple industries. GIS Engineering Applications has been effectively helping various industries in leveraging this data in the functioning of their business,” reports Technavio analyst.
In spite of the need, the expensive nature of this technology hinders the growth of this market. However, with several developing nations using GIS engineering applications extensively, the market is expected to see a healthy growth.
The global GIS engineering applications market is characterised by the emergence of customised domain specific solutions. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.
The report, Global GIS Engineering Applications Market 2010-2014, is based on an extensive research from inputs by industry experts, vendors and end-users. It examines the factors- including the key trends, drivers and challenges, impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT Analysis. Companies mentioned in this report include: ESRI, Intergraph (Hexagon AB) and Bentley Systems