Global GIS market to grow at 9.60% CAGR

Global GIS market to grow at 9.60% CAGR

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US: The global GIS market is expected to grow at 9.60% CAGR during 2012-2016, according to a recent ResearchandMarkets report.

One of the major drivers in the market is the increasing demand of GIS from government sectors. The market also generates a large portion of its revenue from hardware and software products. However, the increased number of government regulations and guidelines could pose a challenge for the market. North America followed by Europe accounts for a large share of revenues. The APAC region will soon contribute more to the growth of the market.

Source: researchandmarkets.com