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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.

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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.
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