The Asia-Pacific GIS in Telecom Sector Market is expected to register the highest CAGR during the forecast period. Government is spending huge in building smart cities and increase in investment on research & development on 5G technology, which drives the growth of the GIS in telecom sector market. In addition, the developing countries such as China, India, and Japan invest a big amount in digitalization, which is expected to offer lucrative opportunities for market expansion. Moreover, growth in demand for app-based services are the key drivers for the growth of the Asia-Pacific GIS in telecom sector market.
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The global GIS in telecom sector market is segmented on the basis of type, deployment model, end user, and geography. The type covered in the study include software and services. By deployment model, the market is bifurcated into cloud and on-premise. Based on end user, it is divided into small & medium enterprise and large enterprise. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Software segment is expected to be the major revenue contributors to the global GIS in telecom sector market, due to increase in investment in GIS applications and rise in demand of spatial and geographical characteristics. Moreover, large enterprise segment has witnessed high adoption of GIS in the telecom sector across various regions, owing to the associated benefits of advanced business insights related to customer engagement and increase in investment in diversified projects such as universal mobile telecommunications system (UMTS) integration, and business expansion across rural areas.
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North America was the highest revenue contributor to the global GIS in telecom sector market in 2016, accounting for around 58.17% share, owing to surge in need for LTE infrastructure upgradations and rise in investment on R&D on very high bandwidth for the 5G technology. In addition, the market in the Asia-Pacific is projected to grow at the highest CAGR of 12.8% during the forecast period, due to increase in digitization, emergence of e-commerce, and increased government spending to develop smart cities.
The key players profiled in the report are Bentley Systems Incorporated, Blue Marble Geographics, Cyient Ltd., ESRI (Environmental Systems Research Institute) Inc., Harris Corporation, Hexagon AB, Pitney Bowes Inc., RMSI Inc., Spatial Business Systems Inc., and Trimble Inc. The report includes the key strategies adopted by these players and the detailed analysis of the current trends, upcoming opportunities, and restraints in the global GIS in telecom sector market in addition to their impacts.
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Key Findings of the GIS in Telecom Sector Market:
- The cloud deployment segment accounted for the highest share of the global GIS in telecom sector market in 2016, growing at a CAGR of 11.6% from 2017 to 2023.
- The North America GIS in telecom sector market generated the highest revenue, accounting for $927 million in 2016.
- The large enterprise segment is expected to dominate the market, in terms of market share, during the forecast period.
- The U.S. was the market leader in 2016. In addition, China, Australia, India, and other emerging nations are projected to provide significant opportunities for the major players.
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