Impact of COVID-19 on GIS in Telecom Market Growth, Segments, Size, Industry Analysis and Opportunities 2030


Posted August 24, 2020 by devanshuraizada

In the near future, the Asia-Pacific (APAC) GIS in telecom market is predicted to be the most lucrative in the world.
 
Cloud and on-premises are the two main methods by which the geographic information systems are deployed in the telecom industry. Between these methods, the telecom firms will prefer the adoption of GISs via cloud solutions in the coming years, as per the forecast of the market research firm, P&S Intelligence. This is ascribed to the fact that the adoption of the cloud enables access to information and data from both web browsers and mobile phones.

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In the near future, the Asia-Pacific (APAC) GIS in telecom market is predicted to be the most lucrative in the world. This is credited to the surging penetration of the internet in various APAC nations such as India, China, and South Korea. In addition to this, the governments in many APAC countries are making huge investments for the development of 5G technology, on account of the rising requirement of enhanced network speed and connectivity in those countries.

The biggest example of such enormous government investments is the $1.5 billion investment made by the South Korean government for making 5G network operational in the country by December 2020. Similarly, in China, the government is making huge investments for installing the FTTH (fiber-to-the-home) connection and developing 5G networks in the country. These huge government investments being made in many APAC countries for improving network connectivity will boost the sales of GISs in the region in the years ahead.

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Thus, with the rapid development of 5G networks, growing requirements of enhanced broadband services and networks, and the increasing need for broadband and mobile network monitoring, the usage of GISs will increase tremendously in the telecom industry in the forthcoming years.
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Issued By Devanshu
Country United States
Categories Business
Last Updated August 24, 2020