GIS in Telecom Market To Generate $4,482.8 Million Revenue by 2030
- Published: July 2022
The global GIS in telecom market will generate revenue of $4,482.8 million in 2030, progressing with a CAGR of 12.4% during 2021–2030. The large enterprises end user category has the dominating share in the market. This is due to the widespread usage of GIS by large telecommunications firms for strengthening network connectivity, constructing towers, and expanding their reach in areas with severe connectivity issues.
Increasing Adoption of GIS for Mobile and Broadband Services
The increasing adoption of GIS solutions for mobile and broadband services is a key factor driving the market. GIS is used in the telecom sector for tracking the existing broadband infrastructure and for exploring new areas where telecom companies can extend their network coverage. GIS helps in integrating data from several sources into one platform, which further helps companies understand challenges with respect to broadband services in specific areas. Hence with the rising investments for the expansion of the broadband network, for improving the internet speed across the globe, the demand for GIS solutions for network strengthening is increasing.
Moreover, the demand for network installation across rural areas drives the market, as governments have been promoting broadband network expansion either through direct investment or via public–private partnerships. For instance, in India, the government provided Wi-Fi and fiber-to-the-home (FTTH) connections in rural areas in 2021, following which around 1.3 million more Wi-Fi users registered in the country.
India To Witness Fastest Growth
India is expected to be the fastest-growing market for GIS solutions in the APAC region, registering a CAGR of 15.1% during the forecast period. This can be mainly ascribed to the increasing investments in the telecom sector to meet the demands of an expanding subscriber base in the country. Moreover, the Government of India is taking several initiatives to support technological and infrastructure development in the telecom sector. For instance, as per the IBEF, the government allocated $1.9 billion for telecom infrastructure under the Union Budget 2021–2022. With the increasing investment in the telecom sector, the demand for GIS for network planning is expected to increase during the forecast period.
Under the deployment type segment, the cloud category is expected to show the faster advance in the market for GIS in telecom in the coming years. This is due to the fact that the cloud allows data access from both web browsers and mobile phones, and, as a result, telecom corporations are progressively adopting it.
Acquisition Is Most-Effective Strategic Measure
To remain competitive, players in the market have undertaken a range of strategic developments. For instance, in January 2021, SSP Innovations LLC, along with Warren Equity Partners LLC, announced the acquisition of 3-GIS. Under the agreement, SSP Innovations fully acquired 3-GIS, thus adding the latter’s telecom products and customers to SSP’s portfolio.
Key players in the GIS in telecom market are Hexagon AB, Trimble Inc., Pitney Bowes Inc., Bentley Systems Incorporated, Autodesk Inc., Schneider Electric SE, and General Electric Company.