Press Release
Technology

GIS in Telecom Sector Market Expected to Reach $7,773 Million by 2023 – Growth Rate

GIS in Telecom Sector Market

According to a new report by Allied Market Research, titled, “GIS in Telecom Sector Market by Type, Deployment Model, and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023,” the global GIS in Telecom Sector Market was valued at $1,633 million in 2016, and is projected to reach at $3,272 million by 2023, growing at a CAGR of 10.59% from 2017 to 2023.

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The GIS in telecom sector is implemented across small & medium enterprise and for effective management of telecom infrastructure, network installations, and business services. Telecom sector consists of wireless operators, satellite companies, cable companies, and internet service providers.

The 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.

Regional Analysis:

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.

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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. Furthermore, the rise in demand of connected & smart devices, and increase in ICT spending and demand for internet-based entertainment platform are fueling the growth of GIS in telecom sector in other emerging markets such as Latin America, and the Middle East & Africa.

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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