GIS in Telecom Sector Market Overview:
GIS in Telecom Sector Market was valued at $1,633 million in 2016, and is estimated to reach $3,272 million by 2023, growing at a CAGR of 10.59% from 2017 to 2023. GIS in telecom sector enables industries to capture real time network performance, signal strength, customer base, and preferred product such as data and call rate. This software is implemented on cloud as well as on premise.
The cloud-based model is adopted by the industries due to greater reach, flexibility in terms of usage & cost, and requirement of less maintenance. The global GIS in telecom sector market is expected to witness significant growth rate, due to the rise in demand of GIS applications for mobile & broadband services and increase in demand of network installation across the developed and the developing regions, including North America, Europe, and Asia-Pacific.
The Asia-Pacific GIS in telecom sector market is expected to register the highest CAGR during the forecast period. 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 are the key drivers for the growth of the Asia-Pacific GIS in telecom sector market.
Increase in demand for augmented reality & virtual reality in the industries such as healthcare and production fuels the demand for GIS in telecom sector, thereby fueling the market growth across North America and Europe. However, LAMEA is expected to account for the least share in the global market as compared to other regions, due to uniform smartphone penetration across Latin America.
Furthermore, Middle East & Africa are expected to gain traction due to increase in investment in IT infrastructures. However, lack of awareness toward the software and dearth of skilled professionals required for installations related to the software are expected to restrain the GIS in telecom sector market growth during the forecast period.
GIS in telecom sector market segmentation
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 include 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.
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.
Top Impacting Factors
Rise in Adoption Of GIS Applications for Mobile & Broadband Services
GIS applications involve mapping, geocoding, modeling, routing, and analyzing software. Thus, the use GIS in telecom sector increases business productivity by providing platform to collaborate with CRM systems, networks, database, fault management system, and wireless location, which is expected to boost the growth of the GIS in telecom sector market in the near future.
Emergence of Satellite Imagery
Rise in demand of satellite images by the companies such as Apple and Google for providing maps and increase in government spending to develop and built smart cities drive the GIS in telecom sector market.
Rise in Demand for Network Installations Across Rural Area
Due to lag of telecom infrastructure, rural areas are untapped with the technology, internet, and other digital platforms. Thus, rise in broad network coverage and large connectivity, boost the market growth.
- 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.
GIS in Telecom Sector Market Key Segments:
By Deployment Model
By End User
- Small & Medium Enterprise (SMEs)
- Large Enterprise
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East