New York: The global GIS market in the transportation industry is expected to grow at a compounded annual growth rate (CAGR) of 12.64% over the period 2012-2016. TechNavio”s report, the Global GIS Market in Transportation Industry 2012-2016, highlights the increasing demand for GIS in the construction of roads and railroad as one of the key factors contributing to this market growth. This market has also been witnessing an increased adoption of light detection and ranging (LIDAR) technique. However, privacy issues could pose a challenge to the growth of this market.
TechNavio”s report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the APAC region, Europe, the MEA region, North America, and South America. It also covers the Global GIS Market in Transportation industry market landscape and its growth prospects in the coming years.
Source: Market Research Report