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Showing posts with the label GIS in Telecom Market Trends

GIS in Telecom Market to Come Out Stronger in the Next 10 Years

The global geographic information system (GIS) in telecom market generated a revenue of $1.3 billion in 2019, and it is expected to reach a value of $4.6 billion by 2030. In addition to this, the market will progress at a CAGR of 12.2% between 2020 and 2030. The factors fueling the expansion of the market are the surging demand for network installation and the mushrooming adoption of GIS solutions for providing mobile and broadband services. Additionally, the surging investments being made for expanding the network and enhancing the broadband speed are also driving the usage of the GIS technology by various telecom companies. Based on offering, the GIS in telecom market is categorized into data, service, hardware, and software. Amongst these, the data category will demonstrate the fastest growth in the forthcoming years, primarily because of the huge investments being made in information technology (IT), particularly in the developed countries such as the U.S. This is ascribed to the f...