Evolve Business Intelligence has published a half-cooked research report on the Global GIS in the Telecommunications Market, 2021–2030. The global GIS in the Telecommunications market is projected to exhibit a CAGR of around 12.2% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global GIS in the Telecommunications Market: Autodesk, Hexagon, Schneider Electric, Pitney Bowes, General Electric (SmallWorld), Caliper Corporation, Bentley System, Cadcorp, Trimble, and SuperMap Software.
Market Highlights
The global GIS in the Telecommunications market is projected to be valued at $4.6 Billion by 2030, recording a CAGR of around 12.2% during the forecast period. GIS technology has proven to be a huge boon for the modern era of telecommunications. It is commonly used to support wireless and fiber-optic networks and has been looked upon as one of the most reliable tools by companies around the world. GIS is creating more data for the telecom industry to provide better services and information about their customers. With advanced GIS, their network will be able to manage location-based resources, which will allow them to provide information that they need with a quick search. A geospatial system brings all these processes together allowing telecommunications businesses to create models of each phase, coordinate their construction, and maintain them.
The COVID-19 crisis has been a great challenge for Telecom companies and their huge potential to rise above the challenges is smaller. Nevertheless, telecoms seem to be undeterred by this challenge and could continue along their path of success. Netflix and YouTube have changed the production of their content to reduce bandwidth use during worldwide lockdowns. This could potentially increase the volume of investment and infrastructure for networks such as 5G, which could help generate more jobs. Many factors have been in play for some time now which have led to an industry-wide decline in ad revenue. However, Automated Intelligence as a way of making communications more personal and can help telecoms with various methods. AI can automate network management, eliminate traffic overload, avert critical cyber-attacks in advance and significantly improve customer satisfaction. In the next few years, with a growing demand for remote work and training, the telecommunications sector can expect to be in good shape. The rise of digital entertainment and production will help out as well. This will also allow companies in this sector to save on costs and expect higher revenue.
Segmental Analysis
The global GIS in the Telecommunications market has been segmented based on the Offerings, Deployment Type, End-Use, and region.
By Offerings, the GIS in the Telecommunications market is segmented based on Hardware, Software, Data, and Services. The Data Segment is anticipated to account for the large market share. An increased focus on geospatial data is leading to new advancements in telecom services such as voice recognition, predictive analytics, and machine learning.
Based on Deployment Type, the GIS in the Telecommunications market is segmented based on Cloud and On-Premises. The Cloud segment is expected to hold the largest market share. Cloud technologies enable easier data access from both web browsers and mobile phones which is quickly becoming a popular option for telecommunications companies.
Based on End-Use the GIS in the Telecommunications market is segmented based on SMEs and Large Enterprises. The Large Enterprises segment is expected to hold the largest market share. Large Enterprises usually adopt these systems due to their high requirements for improvement of network connections and installation processes.
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Regional Analysis
The GIS in the Telecommunications market is divided into six regions: North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. North America is dominating the GIS in the telecom market due to the demand for 5G services. Telecom companies are investing heavily in rapid technological advancements and as a result, demand for GIS is increasing sharply. However, due to increased government investments in IT infrastructure in countries like India, China, Japan South Korea, Asia-Pacific is expected to outstrip all other areas by clocking the highest CAGR. The GIS in the Telecommunications business in Europe has been consistently growing. The increasing need for a faster network speed and growing tourism in the region is expected to drive the market. Latin America, the Middle East, and Africa are also expected to grow at a rapid pace in the forecast period. These developing regions are expected to grow traction due to an increase in IT investments over the forecast period.
