The growing adoption of geographic information systems (GISs) by telecom companies for tracking and monitoring the broadband infrastructure is one of the biggest factors responsible for the mushrooming demand for the technology. Furthermore, companies are using the GIS for studying areas where they want to expand their operations. This is because GIS allows the gathering of information from various sources into a single platform, which helps companies analyze the challenges of setting up broadband services in certain areas.
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Additionally, several organizations are making huge investments in the expansion of the broadband network and for increasing its speed all over the world. Besides these factors, the rising requirement for network installation is also fueling the surging usage of GIS by telecom organizations across the world. This is, in turn, pushing up the requirement for GIS among telecom firms around the world. Due to these reasons, the global GIS in telecom market is registering huge expansion.
According to the estimates of P&S Intelligence, a market research company based in India, the valuation of the market will grow from $1.3 billion in 2019 to $4.6 billion by 2030. Furthermore, the market is predicted to grow at a CAGR of 12.2% between 2020 and 2030. Out of the geographic information system hardware, service, software, and data, the demand for the GIS data is predicted to be the highest in the coming years.
This market research report provides a comprehensive overview of the market
Additionally, several organizations are making huge investments in the expansion of the broadband network and for increasing its speed all over the world. Besides these factors, the rising requirement for network installation is also fueling the surging usage of GIS by telecom organizations across the world. This is, in turn, pushing up the requirement for GIS among telecom firms around the world. Due to these reasons, the global GIS in telecom market is registering huge expansion.
According to the estimates of P&S Intelligence, a market research company based in India, the valuation of the market will grow from $1.3 billion in 2019 to $4.6 billion by 2030. Furthermore, the market is predicted to grow at a CAGR of 12.2% between 2020 and 2030. Out of the geographic information system hardware, service, software, and data, the demand for the GIS data is predicted to be the highest in the coming years.
This market research report provides a comprehensive overview of the market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- 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
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