Global GIS market in natural resource industry to grow at 9.34%

Global GIS market in natural resource industry to grow at 9.34%

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New York: The global GIS market in the natural resource industry is going go grow at 9.34% CAGR over the period 2012-2016, according to a recent Research and Markets report.

The analysts have mentioned in the report that one of the key factors contributing to this market growth is the increasing demand from process industries. The Global GIS market in the Natural Resource industry has also been witnessing the increasing adoption of GIS applications for mobile computing devices. However, the easy availability of open-source GIS Software could pose a challenge to the growth of this market. The report covers the market in the Americas, the EMEA, and the APAC regions it also covers the Global GIS market in the Natural Resource industry 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 space include Environmental Systems Research Institute Inc., Hexagon AB, and MacDonald, Dettwiler and Associates Ltd.

Source: reuters.com