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Telecom Analytics Market Analysis- Industry Size, Share, Research Report, Insights, Covid-19 Impact, Statistics, Trends, Growth and Forecast 2022-2030

Published Date: December, 2022
No of Pages: 164
Delivery Format: PDF+ Excel

$2,950.00

Telecom Analytics Market
1. Global telecom analytics market to grow at a CAGR of XX% during the forecast period
The global telecom analytics market is expected to grow at a CAGR of XX% during the forecast period (2019-2024). The major drivers of this market growth are the increasing demand for data-driven decisions and the need to reduce operational costs.

The telecom analytics market is segmented by component, application, deployment mode, end-user, and geography. By component, the market is segmented into software and services. By application, the market is segmented into customer experience management, fraud management, marketing campaign management, network optimization, and others. By deployment mode, the market is segmented into on-premises and cloud. By end-user, the market is segmented into telecom service providers, enterprises, and government agencies.

Geographically, the telecom analytics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is expected to hold the largest market share during the forecast period due to the presence of a large number of telecom service providers and enterprises in the region.

The major players in the telecom analytics market are Amdocs, Inc., Ericsson, Huawei Technologies Co., Ltd., Nokia Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Subex Limited, and Telefonaktiebolaget LM Ericsson. These players are increasingly adopting various growth strategies such as mergers & acquisitions, partnerships, expansions, and new product developments to expand their market share and global presence.

2. Key players in the telecom analytics market
The telecom analytics market is expected to grow at a CAGR of over 18% during the period 2018-2023.

The two key players in the telecom analytics market are Amdocs and Nokia.

Amdocs is a leading provider of customer experience systems and services. The company’s solutions enable service providers to deliver an integrated, seamless customer experience across all touchpoints, from the point of sale through to billing and customer care.

Nokia is a leading provider of network infrastructure, software and services. The company’s solutions enable service providers to deliver an efficient and reliable service to their customers.

3. Market trends
The telecommunications sector is in a state of flux. The industry is under pressure to find new ways to grow in the face of intensifying competition and declining revenues. In this environment, analytics has emerged as a key enabler of growth and profitability.

Telecom analytics helps operators to better understand and serve their customers, identify new sources of revenue, and optimize their operations. By harnessing the power of data, telecom operators can gain a competitive edge in today’s dynamic marketplace.

Here are three key trends that are shaping the telecom analytics market:

1. The Rise of Big Data

Big data is transforming the telecom industry. Operators are now able to collect and store vast amounts of data from a variety of sources, including customer interactions, network usage, and social media. This data can be used to generate valuable insights into customer behavior, identify new revenue opportunities, and optimize network performance.

2. The Growth of the Cloud

Cloud-based analytics solutions are becoming increasingly popular in the telecom industry. The flexibility and scalability of the cloud enables operators to quickly and easily deploy analytics solutions without the need for expensive hardware and software.

3. The Emergence of Artificial Intelligence

Artificial intelligence is beginning to make its mark on the telecom analytics market. AI-powered solutions are able to automatically identify patterns and correlations in data, providing operators with valuable insights that would otherwise be hidden.

Telecom operators that are able to capitalise on these trends will be well-positioned to succeed in the competitive telecom landscape.

4. Market drivers
The telecom industry is currently in a state of flux. The industry is being disrupted by new technologies, new business models, and new entrants. This is creating a lot of opportunities for telecom operators to improve their performance and compete more effectively.

There are four main drivers that are shaping the telecom market:

1. The rise of digital: The telecom industry is being disrupted by the rise of digital. This is resulting in new entrants, new business models, and new technologies.

2. The need for speed: The telecom industry is under pressure to provide faster data speeds. This is driven by the need for better customer experience and the need to support new applications and services.

3. The growth of data: The amount of data being generated and consumed is growing at an exponential rate. This is driven by the growth of digital applications and services.

4. The need for better networks: The telecom industry is under pressure to provide better networks. This is driven by the need for better customer experience and the need to support new applications and services.

5. Market challenges
The telecom analytics market is growing rapidly as organizations strive to gain insights into customer behavior and trends. However, there are several challenges that need to be addressed in order to fully capitalize on this market opportunity.

1. Data Quality and Volume:

One of the biggest challenges facing the telecom analytics market is the quality and volume of data. Many telecom operators have a lot of data, but it is often unstructured and of poor quality. This makes it difficult to gain insights from the data and limits the usefulness of telecom analytics.

2. Lack of Standardization:

Another challenge facing the telecom analytics market is the lack of standardization. There are a variety of telecom data sources and formats, which makes it difficult to integrate and analyze data from different sources. This lack of standardization also makes it difficult to compare telecom analytics solutions from different vendors.

3. Lack of Skills:

Another challenge facing the telecom analytics market is the lack of skills. Many organizations do not have the necessary skills and expertise to effectively utilize telecom analytics. This lack of skills often leads to organizations not getting the full value from their telecom analytics investments.

4. High Costs:

Another challenge facing the telecom analytics market is the high costs. Many telecom analytics solutions are expensive and require a significant upfront investment. This can be a barrier for many organizations, especially small and medium-sized businesses.

5. Competitive Landscape:

The telecom analytics market is highly competitive. There are a number of vendors offering a variety of telecom analytics solutions. This can make it difficult for organizations to choose the right solution for their needs.

Key Players Covered:

The key players are adopting various business strategies such as partnerships, collaborations, mergers, and acquistions for enhancing their market presence. These strategies further help key companies to expand their business network geographically. Several key companies are focusing on the development of advanced and cost-effective solutions and services. A highly competitive business landscape encourages market players to invest into the research and development activities to meet the needs of telecom operators.

Key companies summarised includes Adobe Systems, Inc.,  Techvantage, OmniSci, Inc., Anodot Ltd, Birst, Inc., PricewaterhouseCoopers Private Limited, Hewlett Packard Enterprise Development LP, ALTERYX, INC., Cisco Systems, Inc., Dell Inc., Sisense Inc, Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Coprporation, MicroStrategy Incorporated, Open Text Corporation, Radisys Corporation, SAS Institute Inc., and among others.

Segmentation

 

 ATTRIBUTE

 

  DETAILS
 

By Component

 

 

 

 

    • Solutions
    • Services
        • Professional Services

       

        • Managed Services

       

 

By Deployment

 

 

    • On-Premise
    • Cloud
 

By Enterprise Size

 

 

    • Large Enterprises
    • Small and Medium Enterprises (SMEs)

 

 

By Application

 

 

    • Customer Management
    • Sales and Marketing Management
    • Network Management
    • Risk and Compliance Management
    • Workforce Management
    • Others
 

By Geography

 

 

    • North America (the United States, Canada, and Mexico)
    • South America (Brazil, Argentina, and Rest of South America)
    • Europe (the U.K., Germany, France, Italy, Spain, Russia, Benelux, Nordics, and Rest of Europe)
    • Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
    • Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, and Rest of Asia Pacific)

 

Key Industry Developments

 

    • May 2019: Sisense Inc. and Periscope Data Inc. merged to develop a unified, autonomous business intelligence (BI) and data analytics platform. Through this merger Sisense Inc. will be able to innovate and deliver complex analytical solutions using ‘periscope data’ for its cloud data teams.

 

    • August 2019: Reliance Jio Infocomm Ltd. partnered with Guavus, Inc. to leverage its AI-based solution to offer predictive analytics, and real-time customer experience analytics to automate network troubleshooting, and provide key marketing insights to Reliance Jio

 

 

By Component

 

 

 

 

    • Solutions
    • Services
        • Professional Services

       

        • Managed Services

       

 

By Deployment

 

 

    • On-Premise
    • Cloud
 

By Enterprise Size

 

 

    • Large Enterprises
    • Small and Medium Enterprises (SMEs)

 

 

By Application

 

 

    • Customer Management
    • Sales and Marketing Management
    • Network Management
    • Risk and Compliance Management
    • Workforce Management
    • Others

Adobe Systems, Inc.,  Techvantage, OmniSci, Inc., Anodot Ltd, Birst, Inc., PricewaterhouseCoopers Private Limited, Hewlett Packard Enterprise Development LP, ALTERYX, INC., Cisco Systems, Inc., Dell Inc., Sisense Inc, Huawei Technologies Co., Ltd., IBM Corporation, Microsoft Coprporation, MicroStrategy Incorporated, Open Text Corporation, Radisys Corporation, SAS Institute Inc., and among others.

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