Growing Demand for Advanced Telecom Services to Drive Telecom Analytics Market
The global telecom analytics market size is expected to exhibit a strong 29.01% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global telecom analytics market is studied in great detail in the latest report from Market Research Future (MRFR), which includes a detailed analysis of the market’s historical growth trajectory and present condition. Major trends operating in the global telecom analytics market are examined in the report. Based on this information, accurate and reliable projections for the market’s likely growth trajectory over the forecast period till 2022 are presented in the report. Leading drivers and restraints operating on the global telecom analytics market are examined in the report. The impact of these major drivers and restraints on the global telecom analytics market is examined in detail in the report. Thus, the major factors enabling the market’s growth are enlisted and profiled in the report. Leading players operating in the global telecom analytics market are also profiled in the research report. The competitive landscape of the global telecom analytics market is thus examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global telecom analytics market.
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Telecom analytics solutions are used by telecom companies to monitor various aspects of telecom operations and provide recommendations for improvements. Telecom analytics services can monitor various parts of telecom services, including customer service, network, subscription, location data, and others. These services are becoming increasingly popular in the telecom sector due to the growing demand for enhanced operations in the telecom sector. The growing demand for better customer service channels, better network and connectivity, better and secure location data, and others have been major drivers for the global telecom analytics market over the last few years. The increasing demand for location services in the telecom sector has been a major driver for the telecom analytics market, as detailed analytics of location data is required to provide useful insights into consumer behavior. The security of the location data is also of paramount importance, leading to more demand for advanced telecom analytics services that ensure the security of the data being managed.
The growing telecom sector in developing regions is also likely to be a major driver for the telecom analytics market over the forecast period. Developing regions such as the Asia Pacific and Latin America is home to growing and increasingly urbanized communities, which has led to a growing demand for smartphones and other telecom services. The increasing push by telecom companies into rural areas in order to expand their customer base has also been responsible for the growing demand for telecom services in recent years. This is likely to remain a major driver for the telecom analytics market over the forecast period.
Competitive Leaderboard:
Leading players in the global telecom analytics market include Oracle Corporation, Teradata, Vizualytics, Ericsson, SAP SE, Cisco Systems Inc., Dell Technologies Inc., Huawei Technologies Co. Ltd., Hewlett Packard Enterprise Development LP, IBM, Nokia Networks, and Amdocs Inc.
Segmentation:
The global telecom analytics market is segmented on the basis of analytics type, component, deployment model, and region.
By analytics type, the global telecom analytics market is segmented into customer analytics, network analytics, subscriber analytics, location analytics, price analytics, and service analytics.
By component, the global telecom analytics market is segmented into solutions and services. The solutions segment is further sub-segmented into customer management, network management, marketing management, sales and distribution, and others. The services segment is further sub-segmented into professional and managed services.
By deployment model, the global telecom analytics market is segmented into on-premise and cloud.
Regional Analysis:
North America is likely to dominate the global telecom analytics market over the forecast period due to the growing demand for enhanced, secure telecom services from consumers in the region. The Asia Pacific is also likely to be an important regional market for telecom analytics over the forecast period due to the growing volume of the regional market.
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