GIS in Telecom Market To Reach $4,482.8 Million by 2030

The total size of the GIS in telecom market was $1,564.6 million in 2021, which will reach to $4,482.8 million by 2030, propelling at a rate of 12.4% during 2021-2030 as per a report by P&S Intelligence.

The growth of the industry will be because of the increasing requirement for network installation and increasing acceptance of GIS for broadband and mobile services.

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The data offering category will dominate the industry in this decade. This is because of the increasing use of geospatial data by telecom companies all over the world for managing campaigns, analysis of capacity, and forecasting of demand.

Moreover, large telecom companies make use of GIS data for improving their operations and provide better services to customers.

The on-premises category was the industry leader in the past, based on deployment type. This has a lot to do with the better security and safety provided by the on-premises GIS model as opposed to the cloud GIS model.

So, most of the companies have been making use of the on-premises solutions since the arrival of GIS in the telecommunications sector.

In the years to come, the cloud category will have a higher growth rate, of 13%. This can be mainly attributed to the snowballing preference of telecom corporations for cloud-based GIS solutions, as the cloud stored data can be easily accessed from mobile devices as well as web browsers.

Moreover, because of the increasing cloud computing market, the industry will grow swiftly in the years to come.

Essentially, the quick progression in the field of cloud and cloud-based uses, accompanied by an increase in modern businesses and companies' dependance on them, has increased the growth of the market steadily.

IoT and AI, are transforming GIS functions. Vendors are, therefore, progressively focusing on the incorporation of their solutions into connected-technology-enabled devices, for assisting telecom companies in collecting as per their specific requirements.

These miniaturized systems are getting popular all over the world as they are small in size and let more flexibility with respect to collection of geospatial data. They allow instant collection of data for navigation and mapping, which also helps telecommunication companies with formulation of strategies regarding network planning and expansion.

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North America dominated the GIS in telecom market in the past, because of the fast expansion of 5G networks. For example, Verizon Communications Inc. is involved in conducting field trials with its partners for the 5G wireless network offering. With the snowballing necessity for cutting-edge network technologies, the requirement for GIS solutions for network planning is on the rise in the region.

Furthermore, the U.K. dominated the European market. Because of the surge in the count of fixed broadband connections in the nation, the requirement for GIS solutions for effective network planning is increasing.

It is because of the increasing demand for network installation, that the need for GIS in telecom is on the rise globally.

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This release was published on openPR.