GIS market in US to grow at 10.96% CAGR

GIS market in US to grow at 10.96% CAGR

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US: The GIS market in the US is expected to grow at a rate of 10.96% CAGR over the period 2012-2016, according to a recent TechNavio report.

The increasing demand from the government sector is one of the key factors contributing to this market growth. 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 report focuses on the US; it also covers the GIS market landscape and its growth prospects in the coming years. The key vendors dominating this market space are Esri, MacDonald, Dettwiler and Associates Ltd., The US Geological Survey, and Hexagon.

Source: reportstack.com