New York: The global GIS market in the utility industry is going to grow at 10.37% 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 major drivers in the market is the increased need for a knowledge infrastructure. Several industries in the Utility industry such as Electricity, Gas, and Water rely heavily on the updated data provided by GIS with respect to infrastructure development such as the development of new pipeline facilities. However, the lack of awareness in developing countries could pose a challenge to the growth of this market. The report covers the market in North America, South America, Europe, the Middle East, Africa, and the APAC regions; it also covers the Global GIS market in the Utility 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 market space include Bentley Systems Inc., Esri Inc., GE Energy, and Hexagon AB.