DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/b2c585/geographic_informa) has announced the addition of the "Geographic Information System (GIS) Market in Retail Sector 2010-2014" report to their offering.
TechNavio analysts forecast that Geographic Information System (GIS) market in the Retail sector will reach $456.5 million in 2014. One of the key factors contributing to this market's growth is the increasing adoption of GIS to identify the right location for stores and outlets. However, the lack of communication infrastructure in developing countries could pose a challenge to the growth of this market.
The Geographic Information System (GIS) market in the Retail sector has also been witnessing a number of entrepreneurs opting for GIS based information and solutions for starting businesses. Key vendors dominating this market space include ESRI, Hexagon AB, Bentley Systems, Autodesk, and IBM Corp.
TechNavio's report, Geographic Information System (GIS) Market in Retail sector 2010-2014, has been prepared based on in-depth qualitative and quantitative analysis of the market with inputs from industry experts. The report focuses on North America, EMEA, and APAC and covers the scope of the Geographic Information System (GIS) market exclusively in the Retail Sector.
Key questions answered in this report:
- What will the market size be in 2014 and at what rate will it grow? What key trends will this market witness? What are the key factors driving market growth? What are the challenges to market growth? Who are the key vendors in this market space? What are the opportunities and threats faced by each of these key vendors? What are the strengths and weaknesses of each of these key vendors?
GIS Technologies Reducing Long Term Risk in the Retail Sector
Research conducted by TechNavio reveals that the Global GIS Technologies market in the Retail sector is expected to grow at a CAGR of 13 percent. The report, which focuses on North America, EMEA, and APAC, indicates that the market is currently driven by the increasing use of GIS technologies to reduce long term risk.
GIS provides data oriented suggestions which give long term investors a transparent view of the business. Various critical factors can be easily tracked using GIS making them extremely popular especially in the Retail sector, report TechNavio analysts.
In spite of the demand for this technology, a lack of awareness in developing countries about the efficiency of GIS applications hinders the growth of this market. However, the use of GIS Technologies as propellers by retailers in order to maximize the profit is expected to drive the market.
The Global GIS Technologies market in the Retail sector is marked by government and private organizations creating awareness about GIS. This makes the study an important one for companies to fully understand the potential in the market and formulate their own strategy.
The report, Geographic Information System (GIS) Market in Retail Sector 2010-2014, is based on extensive research and inputs from industry experts, vendors, and end users. It examines the factors impacting the evolution of this market, including the key trends, drivers, and challenges. Further, it contains an in-depth understanding of the key vendors including a SWOT analysis for each vendor.
Companies Mentioned:
- ESRI
- Hexagon AB
- Bentley Systems
- Autodesk
- IBM Corp.
For more information visit http://www.researchandmarkets.com/research/b2c585/geographic_informa.
