TechNavio today launched its Geographical Information Systems (GIS) Market in North America 2011“2015 report based on an in-depth study focusing exclusively on the North American market. The report aims to aid decision makers™ understanding of the present and the future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Engineering Software team said, The GIS market in North America is driven by the increasing demand from conventional industries such as Finance, Retail, Transportation, and Real Estate. The demand for GIS from the Finance industry grew at a CAGR of more than 20 percent in 2011. In addition, several conventional companies have begun to accept the application of GIS because of the increasing threat of competition among conventional manufacturing companies.
According to the report, high initial investment is one of the major challenges in the GIS market in North America, restricting several small and medium-sized enterprises from adopting GIS technology. However, vendors have begun to develop application-specific GIS solutions.
The report also reveals that one of the major challenges in this market is the complexity involved in deploying GIS solutions in the cloud.
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 players.
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/geographical-information-systems-market-nor…
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TechNavio Announces the Publication of its Report “ Geographical Information Systems Market in North America 2011“2015
