The Objective of the “Global GIS in Telecom Sector Market” report is to depict the trends and upcoming for the GIS in Telecom Sector industry over the forecast years. GIS in Telecom Sector Market report data has been gathered from industry specialist/experts. Although the market size of the market is studied and predicted from 2017 to 2023 mulling over 2016 as the base year of the market study. Attentiveness for the market has increased in recent decades due to development and improvement in the innovation.
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.
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.
Key questions answered in GIS in Telecom Sector Market research study:
- What is the market growth rate of GIS in Telecom Sector Market from 2017-2023?
- What will be the global market size of the market from 2017 to 2023?
- Who are the leading global manufacturing companies in the GIS in Telecom Sector Market?
- What are the major current trends and predicted trends?
- What are the challenges faced in the GIS in Telecom Sector Market?
- Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence?
- Which will be the anticipated growth rates for your own GIS in Telecom Sector economy altogether and also for every segment inside?
- Which will be the GIS in Telecom Sector application and types and forecast accompanied closely by producers?
- What are the conclusions of the GIS in Telecom Sector Market report?
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