iCrowd Newswire – Jul 9, 2020
Owing to the surging usage of geographic information system (GIS) for mobile and broadband services, especially for tracking the broadband infrastructure, the demand for GIS will increase rapidly across the world. In addition to this, the burgeoning usage of GIS by companies for studying and analyzing the specific areas suitable for their business expansion is significantly boosting the implementation of these systems. Since the last few years, there have been huge investments for the expansion of the broadband infrastructure and developing high-speed networks, and these have considerably propelled the adoption of GIS in several countries.
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Powered by the above-mentioned factor, the revenue generated from the worldwide sales of GIS solutions and provision of related services to telecom companies is predicted to increase from $1.3 billion to $4.6 billion from 2019 to 2030. The global GIS in telecom market is also expected to advance at a CAGR of 12.2% during the forecast period (2020–2030). GIS is used for capturing, checking, storing, and displaying the data related to the various objects on the Earth’s surface, such as buildings and streets, as well as topographical features. These systems are used in telecom industry for gathering real-time data and knowledge of the network structure.
The objective of this research includes;
- Historical and the present size of the high power LED market
- Future potential of the market through its forecast for the period 2020– 2030
- Historical and the present size of the market segments and understand their comparative future potential
- Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
- Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
- Major players operating in the gene therapy market and their service offerings
- Recent strategic developments by the major players in the market
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GIS-based telecommunications network is widely used by large enterprises and small and medium enterprises (SMEs). Of these, the large enterprises recorded higher use of these systems during the historical period (2014–2019). This is mainly attributed to the fact that large telecommunications enterprises are increasingly shifting to GIS for improving their network connection and the installation process of their systems. In addition to this, the real-time geographical data provided by these systems allows companies to expand their operations in areas having limited or negligible network connectivity.
One of the major trends currently being witnessed in the GIS in telecom market is the miniaturization of devices. With the advent and growing adoption of artificial intelligence (AI), internet of things (IoT), and various other advanced technologies, GISs are getting rapidly revamped. Miniature devices, on account of their smaller size, affordable prices, greater flexibility, and ability to gather data in real time, which is extremely valuable for navigation and mapping applications, are experiencing a soaring demand throughout the world.
The research includes detailed analysis of;
Based on Offering
- Training and consulting
- Integration and maintenance
Based on Deployment Type
Based on End user
- Large enterprises
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Keywords: GIS in Telecom Market, GIS in Telecom Market Size, GIS in Telecom Market Share, GIS in Telecom Market Demand, GIS in Telecom Market Drivers, GIS in Telecom Market Growth, GIS in Telecom Market Forecast, GIS in Telecom Market Outlook