New York, US: A new report by market research firm TechNavio has predicted the Geographical Information System (GIS) market in Europe to grow at a CAGR of 9.5 percent over the period 2010–2014.
The research states that the initiative to create a borderless Europe is one of the key factors which have contributed to this market growth. The GIS market in Europe has also been witnessing an increasing utilisation of the technology for transportation management (road, rail, and air traffic). However, GIS vendors are finding it difficult to adhere to the legal limitations of each country, which could pose a challenge to the growth of this market.
According to the report, some of the key vendors dominating this market space include Environmental Systems Research Institute Inc., Hexagon AB, GE Energy, Autodesk Inc. and Bentley Systems Inc.
TechNavio’s Geographical Information System Market in Europe 2010–2014 report has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the GIS market in Europe and covers the market for traditional GIS software and services in the European region. This report does not cover the market for geospatial data, geo-enabled engineering, GPS, photogrammetry and remote sensing. However, the report does include a discussion on the key vendors operating in this market.
Source: PR Newswire