Dublin, Ireland: Technavio, a market research firm, forecasted that the GIS market in APAC region will grow at a CAGR of 7.8 percent over the period 2011-2015. One of the key factors contributing to this market growth is increasing investment in GIS by the Public sector. The GIS market in the APAC region has also been witnessing that many vendors have started to offer enterprise GIS applications. However, the increasing threat of low-cost vendors could pose a challenge to the growth of this market.
TechNavio’s report, the Geographical Information Systems Market in the APAC Region 2011-2015, has been prepared based on an in-depth analysis of the market with inputs from industry experts. The report focuses on the APAC region; it also covers the GIS market in the APAC region landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Commenting on the report, an analyst from TechNavio’s Engineering team said, ”The vendors in the GIS market are providing customised GIS applications to meet specific industry requirements. 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.”
According to the report, the Public sector is one of the major end-user segments in the GIS market in the APAC region. Many government and military organisations are investing heavily in GIS technology to enhance their national security infrastructure. The Public sector is expected to retain its dominant position in the market for the next few years. Moreover, many are developing GIS technology and applications to meet the specific requirements of the government and military organisations.
Further, the report also discusses that the increasing number of vendors offering low-cost GIS hardware components is one of the major challenges in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
Source: Research and Markets