GIS Market in Europe to Reach $3.3B by 2016

Market Research firm Research and Markets forecasts the GIS market in Europe to reach US$3.3 billion 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.

According to the announcement, the report, the GIS Market in Europe 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the GIS market in Europe landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

Commenting on the report, an analyst from the Enterprise Computing team said: “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.”

According to the report, 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.

Further, the report states that 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 report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Bentley Systems Inc., Autodesk Inc., GE Energy, GeoEye Inc., Ubisense Group plc, and Digital Globe Inc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.