In a Research and Markets study report, the analysts forecast the global GIS market in the Banking, Financial Services and Institutions (BFSI) sector to grow at a CAGR of 8.43 percent over the period from 2013 – 2018.
As GIS is used for so many different industries these days, the opportunities for growth in the BFSI sector are not surprising. GIS is used across sectors such as Natural Resources, Utilities, Federal Government, Communication and Telecom, Military/Law Enforcement, and Others. GIS is used for various purposes such as disaster management, finding location details, viewing maps, marketing, designing facilities and others.
In terms of GIS product, the market can be segmented into three: Software, Data, and Services.
The report, the “Global GIS Market in the BFSI Sector 2014-2018,” has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions. It also covers the landscape of the Global GIS market in the BFSI sector and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. (From company materials)