New York: The global GIS market in the Banking and Financial Services industry (BFSI) is going to grow at 4.95% CAGR over the period 2012-2016, according to a TechNavio report.
The analysts have mentioned in the report that one of the major drivers in the market is need for efficient decision-making systems. The Global GIS market in BFSI has also been witnessing an increasing focus on providing application-specific GIS solutions. However, the lack of awareness of GIS technology could pose a challenge to the growth of this market. The report covers the market in North America, South America, Europe, the Middle East and Africa, and the APAC region; it also covers the Global GIS market in BFSI market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space include Bentley Systems Inc., Esri Inc., GE Energy, and Hexagon AB.