GIS in Telecom Market Competitive Landscape, Insights by Geography, and Growth Opportunity

Many telecommunications businesses are extensively using the geographic information systems (GIS) for studying and monitoring the areas in which they want to set up their operations. This is because this technology allows companies to collect and combine data from various sources on a single platform, thereby helping them better analyze the problems that the region faces regarding broadband services and network connectivity. Apart from this, the surging investments being made for improving broadband speed and connectivity are also driving the adoption of GIS technology in the telecom sector.

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As a result, the global GIS in telecom market generated $1.3 billion revenue in 2019, and it is expected to reach a value of $4.6 billion by 2030. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 12.2% during 2020–2030. The market is being driven by the surging demand for network installation and mushrooming use of GIS solutions for providing mobile and broadband services.

Another key trend around the world in recent years has been the miniaturization of devices. As miniaturized devices offer greater flexibility in gathering geospatial data and are small and cost-effective, they are being increasingly preferred by telecom companies for data collection and analysis over the conventional systems. In addition to this, these devices enable real-time data collection, which is extremely crucial for various mapping and navigation applications.

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Across the globe, the GIS in telecom market is expected to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years. This will be because of the increasing penetration of the internet in India, South Korea, and China. Furthermore, the governments of several regional countries are making huge investments in 5G development and deployment in order to improve network speed and connectivity, thereby fueling the growth of the market in the region. For example, the South Korean government made an investment of $1.5 billion to operationalize 5G networks in the country by December 2020.

Therefore, it can be said without any hesitation that the adoption of GIS solutions by telecom firms will surge massively in the forthcoming years, mainly because of the increasing internet penetration and the growing demand for improved broadband speed and connectivity across the world.

About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

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