According to PS Intelligence, the Asia-Pacific (APAC) GIS in telecom market will observe the fastest growth in the foreseeable future, owing to the high internet penetration in India, South Korea, and China. Moreover, the soaring government investments for developing 5G services, on account of surging requirement for improved network connectivity and speed, will propel the adoption of GIS solutions in the regional telecom sector in the coming years.
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The solutions are being implemented to understand the data consumption patter of consumers and to improve telecommunication services. Geographically, North America held the largest share in the GIS in telecom market in 2019, owing to the mounting demand for 5G services. The requirement for GIS technology is increasing in the telecom sector, due to the rising focus on advancement of 5G technology.
Moreover, the surging adoption of tablets, smartphones, and other inter-connected consumer electronics has led to the integration of GIS technology by the telecom companies. These companies are adopting GIS solutions to provide enhanced customer services. Currently, key market players like L3Harris Technologies Inc., Hexagon AB, Autodesk Inc., Cyient Limited, Bentley Systems Incorporated, RMSI Private Limited, Pitney Bowes Inc., General Electric Company, Trimble Inc., and Schneider Electric SE are entering into mergers and acquisitions to expand their customer base.
For example, in May 2019, Bentley Systems Incorporated acquired a company named Keynetix, which offers cloud-based software for visualizing, capturing, modeling, and sharing geotechnical data. Through this acquisition, the former aims to provide subsurface digital twin services for infrastructure and assets companies and expand its geotechnical offerings.
Thus, the constant development in 5G technology and the vast demand for better internet speed and network connectivity will boost the utilization of GIS solutions in the telecom sector, globally.
