New York: TechNavio”s report forecasts the GIS market in the retail industry would grow at a CAGR of 18.55 percent over the period 2012-2016. The report covers the market in North America, the APAC region, Europe, South America, and the Middle East and Africa.
The report title “GIS Market in the Retail Industry 2012-2016” also suggests that the retail industry has increased adopting GIS applications in mobile computing devices. However, the high initial investment needed could pose a challenge to the growth of this market. TechNavio’s analysts believe that the need to understand customer demographics and buying patterns has triggered the market to grow. The report includes a discussion of the key vendors operating in this market. It says that the key vendors dominating this space are Bentley Systems Inc., Esri Inc., Hexagon AB, and MacDonald, Dettwiler and Associates Ltd.