GIS in Telecom Market Technological Advancements, Evolving Industry Trends and Insights

The global geographic information system (GIS) in telecom market generated a revenue of $1.3 billion in 2019, and it is expected to reach a value of $4.6 billion by 2030. In addition to this, the market will progress at a CAGR of 12.2% between 2020 and 2030. The factors fueling the expansion of the market are the surging demand for network installation and the mushrooming adoption of GIS solutions for providing mobile and broadband services.

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Furthermore, many businesses around the world are extensively using this technology for studying the locations where they want to set up their operations. With the help of the GIS technology, data and information from several sources can be gathered and combined on a single platform, which will allow the companies operating in the telecom sector to better analyze the hurdles that these regions face with regards to broadband services and network connectivity.

Additionally, the surging investments being made for expanding the network and enhancing the broadband speed are also driving the usage of the GIS technology by various telecom companies. Based on offering, the GIS in telecom market is categorized into data, service, hardware, and software. Amongst these, the data category will demonstrate the fastest growth in the forthcoming years, primarily because of the huge investments being made in information technology (IT), particularly in the developed countries such as the U.S.

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This is ascribed to the fact that the cloud allows data access from both mobile phones and browsers, and is therefore, increasingly being used by telecom companies. Globally, the GIS in telecom market will register the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is attributed to the growing internet penetration in the regional countries such as India, China, and South Korea.

Furthermore, several regional governments are making huge investments in the 5G technology for improving the network speed and connectivity. For example, the Chinese government is investing heavily for installing 5G and fiber-to-the-home (FTTH) networks. Similarly, the South Korean government made an investment of $1.5 billion for making 5G network operational on December 2020. This is powering the demand for GIS solutions, as these are required for improving the telecommunication services and understanding the data consumption patterns of consumers.

Hence, it can be said without any hesitation that the market will register huge expansion in the coming years, mainly because of the growing demand for greater network connectivity and faster network speed, surging penetration of the internet, growing adoption of 5G networks, and the rising adoption of GIS solutions for providing mobile and broadband services across the world.

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