Skip to main content

GIS in Telecom Market To Witness 12.2% CAGR during 2020–2030

The geographic information system (GIS) in telecom market will grow at a CAGR of 12.2% during the forecast period (2020–2030), due to the surging demand for network installation and rising adoption of GIS solutions for broadband and mobile services. The market was valued at $1.3 billion in 2019, and it is expected to reach $4.6 billion by 2030. Telecom companies use GIS to combine information from several sources on one platform, which helps in analyzing critical challenges being faced by broadband services.

Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/gis-in-telecom-market/report-sample


Currently, the players are focusing on the miniaturization of devices. GIS is being revolutionized by the integration of advanced technologies like artificial intelligence (AI) and the internet of things (IoT). These developments have resulted in the integration of sensors and connected devices in GIS solutions to aid telecom firms in collecting the data specific to their requirements. Besides, miniature devices also provide more flexibility in the collection of geospatial data in real time, which is essential for navigation and mapping applications.

In recent years, the players operating in the GIS in telecom market have introduced an array of new and improved products to gain a competitive edge. For example, IQGeo Group plc introduced Network Manager in November 2018, for telecom service providers by enabling them to use the extended IQGeo platform to design, maintain, and edit networks and host network asset data. The users can save costs and improve their customer experience by using this platform as it is compatible with the cloud as well as on-premises infrastructure.

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.
Labels:

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara
Post a Comment
Read more

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manage recharg
Post a Comment
Read more