Global Geographic Information Systems (GIS) Market to Reach US$10.6 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

San Jose, CA (PRWEB) January 17, 2012

Follow us on LinkedIn Developments in satellite based mapping over the past few years have led to a drastic rise in available geographic information/data. As a result, GIS technologies are finding application in a wide range of new industrial end uses. Furthermore, data available in GIS engineering applications has become an integral part of the functioning of businesses across several industries. Increasing awareness among organizations about timesaving attribute of GIS and price stabilization at lower levels has contributed in large measure to the widespread adoption of the technology. The healthy growth posted by GIS industry was however interrupted by the global economic crisis during 2009-2010. European governments stopped purchasing GIS technology during the period in anticipation of low tax collections. Meanwhile, the North American GIS market remained comparatively strong, largely due to the efforts of governments to improve homeland security. Expenditures on GIS technology however, rebounded significantly in 2010.

Global Geographic Information Systems market is expected to witness significant growth driven by increasing adoption of the technology in industries such as oil and gas distribution, electric power, and other government sectors. Presently, GIS is used in wide range of applications including gas and oil exploration, identification of utility lines, and mapping and planning among others.

Despite the immense popularity garnered over the past few years, certain issues continue to hinder market growth. Integration of the technology with cloud technologies remains one of the major challenges for the industry. A major factor hindering growth of the GIS industry is the high cost associated with the technology. Although, prices have declined in the recent past, the technology is still considered to be expensive for smaller companies. Going forwards, as the significance of geospatial technologies and content increases, conventional markets such as governance and infrastructure sectors would continue to strengthen. Defense is expected to remain the single largest market for geospatial technologies while demand from infrastructure development sector is also expected to grow.

The research report titled Geographic Information Systems (GIS): A Global Outlook announced by Global Industry Analysts, Inc., provides a collection of statistical anecdotes, market briefs, and concise summaries of research findings. The report offers an aerial view of the global Geographic Information Systems industry, identifies major short to medium term market challenges, and growth drivers. Market discussions in the report are punctuated with fact-rich market data tables. Regional markets elaborated upon include North America, Europe, Asia-Pacific, and Rest of World. The report also offers a recapitulation of recent mergers, acquisitions, and corporate developments in addition to an indexed, easy-to-refer, fact-finder directory listing the addresses, and contact details of participating companies worldwide.

For more details about this comprehensive industry report, please visit

http://www.strategyr.com/Geographic_Information_Systems_GIS_Industry_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

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Global Industry Analysts, Inc.

Telephone: 408-528-9966

Fax: 408-528-9977

Email: press(at)StrategyR(dot)com

Web Site: http://www.StrategyR.com/

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