New York: The global GIS market in the transportation industry is going to grow at 12.64% CAGR over the period 2012-2016, according to a recent TechNavio report.
The analysts have mentioned in the report that one of the key factors contributing to this market growth is the increasing demand for GIS in the construction of roads and railroad. 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. 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. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this space include Hexagon AB, Esri Inc., MacDonald, Dettwiler and Associates Ltd.