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How is Growing Penetration of Internet Driving GIS in Telecom Market Globally?
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The system understands data in a better way by utilizing a geographic context and connects geography with data. GIS is utilized for forecasting and predicting weather, pinpointing new store locations, routing in car navigation, and analysing crime patterns. Owing to the advantages of GIS, the telecom industry is also making wide usage of these systems.
The technology is now a standard technology which is being applied throughout the telecom industry. Different telecommunication service providers are utilizing GIS for planning, building, and operating telecommunication networks and related services.
Attributed to this increasing usage of GIS by telecom companies, the GIS in telecom market is projected to reach $4.6 billion by 2030, from $1.3 billion in 2019, advancing at a 12.2% CAGR during the forecast period (2020-2030).
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Services, hardware, data, and software are offered as part of GIS solutions. The largest demand in the coming years is expected to be created for data offerings.
This is attributed to the growing utilization of geospatial data by telecom organizations across the globe for capacity analysis, demand forecasting, and campaign management.
Different components of GIS can be deployed on-premises and on cloud. As the on-premises deployment mode provides more safety and security to the GIS data, its demand was higher in the past. This being said, the demand for cloud deployment is projected to rise significantly during the forecast period.
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This is due to the fact that cloud deployment allows the access of data from web browsers and mobile phones.
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