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Global GIS in Telecom Sector Market: Competitive Analysis, Prospects, And Top Key Players: PITNEY BOWES INC., CYIENT LTD, TRIMBLE INC

03-21-2024 09:43 AM CET | IT, New Media & Software

Press release from: Allied Market Research

According to a new report by Allied Market Research, titled, GIS in Telecom Sector Market by Type, Deployment Model, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global GIS in Telecom Sector market was valued at $1,633 million in 2016, and is projected to reach at $3,272 million by 2023, growing at a CAGR of 10.59% from 2017 to 2023.

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The GIS in telecom sector is implemented across small & medium enterprises and for effective management of telecom infrastructure, network installations, and business services. Telecom sector consists of wireless operators, satellite companies, cable companies, and internet service providers.

The software segment is expected to be the major revenue contributor to the global GIS in the telecom sector market, due to an increase in investment in GIS applications and rise in demand of spatial and geographical characteristics. Moreover, large enterprise segment has witnessed high adoption of GIS in the telecom sector across various regions, owing to the associated benefits of advanced business insights related to customer engagement and an increase in investment in diversified projects such as universal mobile telecommunications system (UMTS) integration, and business expansion across rural areas.

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An increase in investment on R&D for 5G technology and the rise in strategic alliance and merger & acquisition across telecom sector to diversify their operations are expected to witness high growth rate during the forecast period, due to the advantages of GIS in Telecom Sector in terms of capacity planning, network monitoring, and demand forecasting. Moreover, increase in demand for GIS applications for mobile and broadband services are major drivers of the GIS in the Telecom Sector market.

The GIS in telecom sector is implemented across small & medium enterprise and for effective management of telecom infrastructure, network installations, and business services. Telecom sector consists of wireless operators, satellite companies, cable companies, and internet service providers.

Software segment is expected to be the major revenue contributor to the global GIS in telecom sector market, due to increase in investment in GIS applications and rise in demand of spatial and geographical characteristics. Moreover, large enterprise segment has witnessed high adoption of GIS in the telecom sector across various regions, owing to the associated benefits of advanced business insights related to customer engagement and increase in investment in diversified projects such as universal mobile telecommunications system (UMTS) integration, and business expansion across rural areas.

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North America was the highest revenue contributor to the global GIS in telecom sector market in 2016, accounting for around 58.17% share, owing to surge in need for LTE infrastructure upgradations and rise in investment on R&D on very high bandwidth for the 5G technology. In addition, the market in the Asia-Pacific is projected to grow at the highest CAGR of 12.8% during the forecast period, due to increase in digitization, emergence of e-commerce, and increased government spending to develop smart cities. Furthermore, the rise in demand of connected & smart devices, and increase in ICT spending and demand for internet-based entertainment platform are fueling the growth of GIS in telecom sector in other emerging markets such as Latin America, and the Middle East & Africa.

The report features a competitive scenario of the GIS in the telecom sector market and provides a comprehensive analysis of key growth strategies adopted by major players. The key players profiled in the study 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. These players have adopted competitive strategies such as innovation, new product development, and market expansion to boost the growth of the GIS in telecom sector market.

Key Benefits of the Study:

• In-depth analysis and dynamics of the global GIS in telecom sector market are provided to understand the market scenario.

• Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing market opportunities.

• Porter's Five Forces analysis examines the competitive structure and provides a clear understanding of the factors that influence market entry and expansion.

• A detailed analysis of the geographical segments enables the identification of profitable segments for market players.

• Comprehensive analysis of the trends, subsegments, and key revenue pockets of GIS in telecom sector market is provided.

Access the full summary at: https://www.alliedmarketresearch.com/GIS-in-telecom-sector-market

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have special requirements, please tell us, and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles, Avenue. An e-access library is accessible from any device, anywhere, and at any time for entrepreneurs, stakeholders, researchers, and students at universities. With reports on more than 60,000 niche markets with data comprising 600,000 pages along with company profiles on more than 12,000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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