Global GIS in Telecom Sector Market 2016-2020
Market outlook of GIS in telecom sector market
Technavio’s research analyst predicts the global GIS in telecom sector market to grow steadily at a CAGR of 11% during the forecast period. The growing need to provide better customer service in the telecom sector is the primary growth driver for this market. GIS helps the telecom vendors in accessing customer data and mapping of customer demographics, which is a complex process. The information provided in GIS is represented on a map, which helps in understanding the data easily and quickly compared to the data in a spreadsheet.
Many telecom vendors are working to capitalize the growing rural market. This requires precise planning on the part of the telecom companies. GIS provides its users with information on market segmentation and consumer usage patterns. It is used extensively to devise a communication network structure after precisely predicting future communication demands from the region. GIS also facilitates effective decision-making process with the use of the existing network structures and the status of network performance.
Product segmentation and analysis of GIS in telecom sector market
In terms of revenue, the use of GIS solutions in the software segment was higher in the telecom sector. Several companies in the telecom sector rely primarily on intelligent maps created by GIS for effective decisions on capacity planning and other activities such as improved service and next-generation enhancements. This acts as a major growth driver for the software segment.
Geographical segmentation and analysis of GIS in telecom sector market
The Americas accounted for 47% of the market share during 2015 and is expected to grow at a CAGR of 11% during the forecast period. Wired and wireless connections in the Americas have been increasing over the past few years, which acts as a major growth driver for the market. Nearly 60% of the households in the US have an Internet connection, which is very high compared to APAC that has only 40%.
Competitive landscape and key vendors
The market is fragmented with the presence of a large number of suppliers. Many vendors have started enhancing their market potential using strategies such as providing customized solutions based on the needs and demands of the end-users.
Some of the vendors in the market are trying to specialize in any one segment of the market. The market is growing at a rapid rate; therefore, many vendors are entering this market. Providers in this market offer several services such as consulting, end-to-end services, and implementation services to gain a competitive advantage over their competitors in the market.
The leading vendors in the market are -
- Pitney Bowes
The other prominent vendors in the market include Blue Marble Geographics, Bentley Systems, China Information Technology, and Exelis.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global GIS in telecom sector?
- What are the key market trends impacting the growth of the global GIS in telecom sector?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the vendors in the global GIS in telecom sector?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA?
- What are the key outcomes of the five forces analysis of the GIS in telecom sector?
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