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MEA GIS market: 9.2% CAGR growth forecast between 2012-16
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GIS Market in the MEA Region 2012-2016 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-03-26 08:19:04
The MEA GIS market is to grow at a CAGR of 9.17 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand from the Government sector. The GIS market in the MEA region has also been witnessing the development of next-generation systems. However, the high initial investment could pose a challenge to the growth of this market.

Many GIS vendors are developing next-generation GIS solutions so that they are compatible with technologically-advanced systems in companies. Moreover, vendors are developing integrated GIS solutions to avoid interoperability issues. These next-generation GIS solutions can be integrated with various design, analysis, and simulation software. For instance, manufacturing companies integrate GIS solutions with simulation and analysis applications in the product development cycle.

The increasing demand from the Government sector is one of the major drivers in the GIS market in the MEA region. Many government and military organizations are increasing their investment in GIS technology for the effective enhancement of their national infrastructure and security.

One of the major challenges in the market is the high initial investment. Many SMEs and cost-driven companies are unable to adopt GIS technology because of the high initial investment.

The key vendors dominating this market space are Esri Inc., Hexagon AB, and MacDonald, Dettwiler and Associates Ltd.

Other vendors are Astrium (EADS Co.), Autodesk Inc., AvisMap GIS Technologies, Bentley Systems Inc., Caliper Corp., Digital Globe Inc., ERDAS Inc., GE Energy, Geosoft Inc., Geosoft Incorporated, GoogleMap, Hitachi Zosen Corp., PASCO Corp., Pitney Bowes Inc., Rolta India Ltd., SuperMap Inc., The US Geological Survey, and UK Ordnance Survey.

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