Many telecommunications businesses are extensively using the geographic information systems (GIS) for studying and monitoring the areas in which they want to set up their operations. This is because this technology allows companies to collect and combine data from various sources on a single platform, thereby helping them better analyze the problems that the region faces regarding broadband services and network connectivity. Apart from this, the surging investments being made for improving broadband speed and connectivity are also driving the adoption of GIS technology in the telecom sector.

As a result, the global GIS in telecom market generated $1.3 billion revenue in 2019, and it is expected to reach a value of $4.6 billion by 2030. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 12.2% during 2020–2030. The market is being driven by the surging demand for network installation and mushrooming use of GIS solutions for providing mobile and broadband services.

Read Full Report: GIS in Telecom Market Trends

Another major factor fueling the adopting of the GIS technology by telecom companies is the burgeoning requirement for network installation across the world. Depending on offering, the market is categorized into data, software, service, and hardware. Out of these, the data category is predicted to exhibit the fastest growth in the market in the forthcoming years, primarily because of the soaring investments being made in the information technology (IT) sector, especially in the developed countries such as the U.S.

On the basis of deployment type, the GIS in telecom market is bifurcated into cloud and on-premises. Between these, the on-premises category dominated the market in 2019 in the past because it provides more safety and security to the GIS data in comparison to the solutions deployed via cloud. However, due to the higher costs of deploying solutions on site, cloud deployment has started gaining widespread popularity because it not only reduces the operational expenditure, but also allows for anywhere, anytime access to the data and software.