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Geospatial Information Systems Market to Grow 50% Over Next Five Years
September 18, 2009 |
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Company: ARC Advisory Group
Dedham, Massachusetts; September 18, 2009: The worldwide market for Geospatial Information Systems (GIS) is forecast to grow 50% over the next five years, representing a compound annual growth rate of 9.3%, according to a new ARC Advisory Group study. GIS market revenues will be driven in the near future by continued worldwide spending in non-cyclical industries such as electric power, oil and gas distribution, and divisions of federal governments. Growth in the mid to latter years of the forecast period will be driven by increased adoption of GIS in emerging markets such as Asia, Latin America, and the Middle East; and a return to spending in North America and Europe by industries hardest hit by the global economic downturn. Many publicly traded enterprise software suppliers external to the GIS market have already reported substantial reductions in 2009 revenues. “However, GIS software differs from other enterprise software markets due to the extensive sales to businesses in non-cyclical sectors such as utilities and government. Therefore, the economic downturn’s effect on the GIS market is expected to be subdued in comparison to the downturn’s effect on other enterprise software markets,” according to Clint Reiser (creiser@arcweb.com), Enterprise Software Analyst, and the principal author of ARC’s “Geospatial Information Systems Worldwide Outlook” (http://www.arcweb.com/res/gis). Electric Power Adopts GIS as Smart Grid Platform Emerging Technologies Reshape the GIS Market About ARC: Founded in 1986, ARC Advisory Group has grown to become the Thought Leader in Manufacturing, Energy, and Supply Chain solutions. No matter how complex your business issues, our analysts have the expert industry knowledge and first-hand experience to help you find the best answer. We focus on simple yet critical goals: improving your return on assets, operational performance, total cost of ownership, project time-to-benefit, and shareholder value. Further information can be obtained from ARC, Three Allied Drive, Dedham, MA 02026, 781-471-1000, Fax 781-471-1100, E-mail info@arcweb.com, Web www.arcweb.com. Clint Reiser (creiser@arcweb.com) |




