The global GIS in telecom sector market is expected to witness significant growth rate, due to the rise in demand of GIS applications for mobile & broadband services and increase in demand of network installation across the developed and the developing regions, including North America, Europe, and Asia-Pacific.
Portland, OR -- (SBWIRE) -- 03/05/2018 -- The cloud-based model is adopted by the industries due to greater reach, flexibility in terms of usage & cost, and requirement of less maintenance.
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GIS in Telecom Sector Market was valued at $1,633 million in 2016, and is estimated to reach $3,272 million by 2023, growing at a CAGR of 10.59% from 2017 to 2023. GIS in telecom sector enables industries to capture real time network performance, signal strength, customer base, and preferred product such as data and call rate. This software is implemented on cloud as well as on premise.
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.
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Increase in demand for augmented reality & virtual reality in the industries such as healthcare and production fuels the demand for GIS in telecom sector, thereby fueling the market growth across North America and Europe. However, LAMEA is expected to account for the least share in the global market as compared to other regions, due to uniform smartphone penetration across Latin America.
Geographically, market is segmented into North America, Europe, Asia-Pacific, LAMEA.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.