GIS in Telecom Market Size, Status, Top Players, Trends in Upcoming Years
Posted by Devanshu Shrivastava on April 15th, 2021
The deployment type segment of the GIS in telecom market is bifurcated into on-premises and cloud. Of these, the on-premises category accounted for the larger market share in 2019, as this deployment mode provides more safety and security to the GIS data than the cloud. The cloud category will showcase the faster growth in the forecast years, as the cloud technology allows for the access of data from mobile phones and web browsers.
Owing to this property, telecom companies are rapidly adopting cloud-based GIS solutions. Globally, the North American GIS in telecom market generated the highest revenue in 2019, primarily due to the escalating demand for 5G services in the region. The telecom companies of North America are strongly focusing on the advancement of the 5G technology, which is driving the requirement for GIS solutions.
Moreover, the high disposable income of the people has resulted in the increased sale of tablets, smartphones, and other internet-connected consumer electronics. Owing to the widescale adoption of such devices, telecom companies are integrating GIS solutions to offer enhanced customer service. The Asia-Pacific (APAC) GIS in telecom market is expected to register the fastest growth during the forecast period. This can be primarily owed to the surging internet penetration in India, China, and South Korea.
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Additionally, the growing focus on enhancing network speed and connectivity will lead to an increasing investment in the 5G technology. For example, the Chinese government is making huge investments to install fiber-to-the-home (FTTH) and 5G networks. Likewise, the government of South Korea has planned huge investments to develop and integrate 5G technology in the country.
Thus, development of the 5G technology by the telecom sector and adoption of AI and IoT technologies in GIS firms will fuel market growth in the coming years. This market research report provides a comprehensive overview of the market
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About the AuthorDevanshu Shrivastava
Joined: January 31st, 2020
Articles Posted: 105
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