GIS In Telecom Market size was valued at USD 2,111.0 million in 2022 and is poised to grow at a CAGR of 11.1% from 2023-2029. The combined computer hardware and software that store, manage, analyse, edit, produce, and visualise geographic data makes up a geographic information system (GIS). Although a spatial database is frequently used for much of this, it is not necessary for it to fit the criteria of a GIS. In a more comprehensive sense, one may think of such a system as encompassing institutional organisations, processes and workflows, human users and support personnel, and the body of knowledge pertaining to pertinent concepts and methodologies. Rise in demand for GIS application for mobile and broadband service, rise in demand for satellite images, network installations are the key factors which boost the market. There are few restrain which hamper the growth include cyber-attack and various thread, unawareness and dearth of skilled workers. Increased demand for augmented reality and virtual reality in sectors such as healthcare and manufacturing open up multiple opportunity for global GIS in telecom market.
Fastest Growing Market
It is noticed that the global GIS in telecom market has a significant market growth rate on the perspective of technologies driving the 5G evolution. As they become usable, the telecoms industry has always grown to take advantage of modern, improved technology, beginning with 1 G and progressing into 4 G, and now 5G. In fact, with 5 G, the pace of technology adoption will speed up. All main components in enabling use cases and business models are technologies such as virtualization, cloud-native, cloud computing, edge computing, artificial intelligence, machine learning, network slicing, automation, management and orchestration with simultaneously boosting the global market.
The GIS in telecom market size was valued at USD 2,111.0 million in 2022
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
The GIS in telecom market key players are Bentley Systems Incorporated, Blue Marble Geographics, Cyient Ltd., Harris Corporation, Hexagon AB, Pitney Bowes Inc.