Press release
GIS in Telecom Sector Market Trends and Opportunity Analysis | Top Players such as - Cyient, Hexagon AB and Trimble
The surge in ICT expenditure and increase in cloud adoption across the end users including small & medium enterprise and large enterprise are anticipated to augment the market penetration. The prominent markets, such as Asia-Pacific and Europe, with developed cloud infrastructure, high adoption of Internet of Things (IoT) technology, and surge in demand for network installation across rural areas are anticipated to fuel the GIS in telecom sector market growth soon.
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The global GIS in Telecom Sector Market was valued at USD 1,633 million in 2016, and is estimated to reach USD 3,272 million by 2023, growing at a CAGR of 10.59% from 2017 to 2023.
The global GIS in telecom sector market is segmented on the basis of type, deployment model, end user, and geography. The type covered in the study includes software and services. By deployment model, the market is bifurcated into cloud and on-premise. Based on end user, it is divided into small & medium enterprise and large enterprise. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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Based on the type of GIS software, the desktop GIS segment held the highest market share in 2017, contributing to nearly two-fifths of the total market. Being the most used GIS solution, it has got all the basic functionalities of GIS, which in turn, has worked as the prime driving factor behind its growth. Simultaneously, the other segment is anticipated to grow at the highest CAGR of 13.8% during the forecast period. The report also offers insights on server GIS, developer GIS, and mobile GIS.
Based on end-user, the transportation and logistics segment accounted for nearly one-fifth of the total market in 2017 and is anticipated to remain dominant by 2025. The increase in adoption of advanced technologies such as connected cars, advanced telematics, and navigation systems has spurred growth. Simultaneously, the agriculture segment is projected to grow at the highest CAGR of 14.0% during the study period.
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The Asia-Pacific GIS in telecom sector market is expected to register the highest CAGR during the forecast period. The government is spending huge in building smart cities and increase in investment on research & development on 5G technology, which drives the growth of the GIS in telecom sector market. In addition, the developing countries such as China, India, and Japan invest a big amount in digitalization, which is expected to offer lucrative opportunities for market expansion. Moreover, growth in demand for app-based services is the key driver for the growth of the Asia-Pacific GIS in telecom sector market.
The key players profiled in the report are Bentley Systems Incorporated, Blue Marble Geographics, Cyient Ltd., ESRI (Environmental Systems Research Institute) Inc., Harris Corporation, Hexagon AB, Pitney Bowes Inc., RMSI Inc., Spatial Business Systems Inc., and Trimble Inc. The report includes the key strategies adopted by these players and the detailed analysis of the current trends, upcoming opportunities, and restraints in the global GIS in telecom sector market in addition to their impacts.
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Key Findings of the GIS in Telecom Sector Market:
● The cloud deployment segment accounted for the highest share of the global GIS in telecom sector market in 2016, growing at a CAGR of 11.6% from 2017 to 2023.
● The North America GIS in telecom sector market generated the highest revenue, accounting for $927 million in 2016.
● The large enterprise segment is expected to dominate the market, in terms of market share, during the forecast period.
● The U.S. was the market leader in 2016. In addition, China, Australia, India, and other emerging nations are projected to provide significant opportunities for the major players.
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