2014-02-14 21:56:05 - GIS Market in Europe 2012-2016 - a new market research report on companiesandmarkets.com
The Europe GIS market is to reach US$3,323.62 million by 2016. One of the key factors contributing to this market growth is the increasing demand from the Government sector. The GIS market in Europe has also been witnessing the development of integrated GIS systems. However, the need for high initial investment could pose a challenge to the growth of this market.
GIS market vendors are providing customized GIS solutions to meet specific industry requirements/applications as several end-users prefer customized GIS solutions to retain their competitiveness in the market. Customized GIS solutions are cost effective and this acts as a driving factor for its increased adoption over regular GIS solutions. The emergence of customized GIS solution also eliminates the need for high
initial investment, and thus has increases its adoption. Therefore, the increasing focus on providing application-specific GIS solutions acts as a major trend in the GIS market in Europe.
One of the major drivers in the market is the increasing demand of GIS technology from Government sectors. Many government and military organizations are increasing investments in GIS technology to effectively increase national infrastructure and security.
One of the major challenges faced in the market is the need for high initial investment. GIS technology requires high capital investment which affects the growth of this market in industries such as Retail, Telecom, Real Estate, and Transportation and Logistics as complexities involved in acquiring real-time data increases the overall cost of GIS solutions.
The key vendors dominating this market space include EADS Astrium GmbH, Esri Inc., Hexagon AB, MacDonald, Dettwiler and Associates Ltd., and Ordnance Survey. The other vendors mentioned in this report are Autodesk Inc., Bentley Systems Inc., Digital Globe Inc., GE Energy, Geo Eye Inc., and Ubisense Group plc.
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