An important factor responsible for the soaring requirement of geographic information systems (GISs) in the telecom industry is the increasing utilization of these systems for tracking broadband and mobile infrastructure across the world. Many telecom companies use GISs for studying the regions in which they want to set up their operations in the future. This is because of the fact that these systems allow the collection of information and data from various sources on a single platform, which assists the organizations in assessing the challenges that they will face during the development of broadband infrastructure in those areas.
Hence, with the surging usage of these systems, the global GIS in telecom market will surge, in valuation, from $1.3 billion to $4.6 billion from 2019 to 2030, demonstrating a CAGR of 12.2% from 2020 to 2030. These systems are widely used in both small and medium enterprises (SMEs) and large enterprises. Of these, the utilization of these systems was observed to be higher in the large enterprises in the last few years, mainly because of the high requirement of these systems in big telecommunication firms for improving the network connection and installation processes.
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This market research report provides a comprehensive overview of the GIS in telecom market
In the near future, the Asia-Pacific (APAC) GIS in telecom market is predicted to be the most lucrative in the world. This is credited to the surging penetration of the internet in various APAC nations such as India, China, and South Korea. In addition to this, the governments in many APAC countries are making huge investments for the development of 5G technology, on account of the rising requirement of enhanced network speed and connectivity in those countries.
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The biggest example of such enormous government investments is the $1.5 billion investment made by the South Korean government for making 5G network operational in the country by December 2020. Similarly, in China, the government is making huge investments for installing the FTTH (fiber-to-the-home) connection and developing 5G networks in the country. These huge government investments being made in many APAC countries for improving network connectivity will boost the sales of GISs in the region in the years ahead.
Thus, with the rapid development of 5G networks, growing requirements of enhanced broadband services and networks, and the increasing need for broadband and mobile network monitoring, the usage of GISs will increase tremendously in the telecom industry in the forthcoming years.
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