Global Telecom Analytics Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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“Global Telecom Analytics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global Telecom Analytics market report has been segmented on the basis of analytics type, deployment mode, and region.
Global Telecom Analytics Market: Overview
Telecom analytics offer business intelligence solutions for a fast-evolving telecommunication sector. Telecom analytics collect together sophisticated business intelligence (BI) technologies, loaded to satisfy complex demands of the telecom industry. It includes developing sales, reducing churn, and deception, enhancing risk management, and decreasing operational costs.
Telecom analytic solutions usually extend well beyond the standard business intelligence solutions offer for monitoring and reporting and may include complex multidimensional analysis and forecasting. Telecom analytics includes data mining, text analytics, forecasting and optimization, and multidimensional analyses, and use of descriptive and predictive modeling.
Global Telecom Analytics Market: Dynamics
Increasing deception activities to prevent from consumer churn and improving revenue administration are major factors expected to drive growth of the global market over the forecast period.
In addition, rising demand for effective revenue management and increasing attacks and suspicious activities are some other factors expected to further fuel growth of the target market over the forecast period.
Moreover, technological development for advanced revenue management solutions is another factor expected to boost growth of the target market over the forecast period.
However, lack of awareness regarding the telecom analytics among telecom operators is a key factor expected to restrain growth of the global market over the forecast period. In addition, high maintenance cost is another factor expected to hamper growth of the target market over the forecast period.
Ongoing trend observed in the target market is increasing adoption of mobile devices and rising security concerns among consumers are expected to support growth of the target market over the forecast period.
Technological advancements and innovative software and service launch by key players are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Telecom Analytics Market: Segment Analysis
Among the analytics type, segments, the network analytics segment is expected to register significant market share in terms of revenue over the forecast period, owing to increasing demand for network analytics by telecom industry.
Among the deployment mode segments, the cloud-based segment is expected to register significant market share over the forecast period, owing to its benefits, such as cost-effective, resource pooling, and required less implementation time.
Global Telecom Analytics Market: Regional Analysis
The market in North America is expected to dominate in the global market in terms of revenue over the forecast period, owing to technological advancements and presence of a large number of solution providers in the US.
The market in Asia Pacific is expected to register highest growth in terms of CAGR over the forecast period, owing to rising awareness of telecom analytics, and rising technological expenditure across major countries, such as Japan, China, and India in this region. In addition, increasing demand for cost-effective analytical software and services by Small and Medium-sized Enterprises (SMEs) is another factor expected to support growth of the target market in this region.
Global Telecom Analytics Market Segmentation:
Segmentation by analytics type:
- Customer Analytics
- Network Analytics
- Subscriber Analytics
- Location Analytics
- Price Analytics
- Service analytic
Segmentation by deployment mode:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Dell EMC
- Oracle Corporation
- International Business Machines Corporation
- SAP SE
- Microsoft Corporation
- Cisco Systems Inc.,
- Accenture Plc
- Hewlett Packard Enterprise Company
- Teradata Corporation
- Wipro Limited
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