The report provides an overview of the “Telecom Analytics Market” industry including definitions, division, key vendors, key Development and market challenges. The Telecom Analytics Market analysis is provided the international markets including development trends, competitive landscape analysis, and key regions development status
Through the statistical analysis, the report depicts the global Telecom Analytics Market including capacity, production, production value, cost/profit, supply/demand and import/export. The entire market is further distributed by company, by country, and by application/type for the competitive landscape analysis.
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The global telecom analytics market is poised to grow at a CAGR of 32.75% during the forecast period (2019-2024). The need for reducing churn is more than ever important as the competition is increasing with the occurrence of new entrants, who provide lucrative deals that are generally inexpensive than that of the incumbents.
– The telecom analytics market combines many sophisticated business intelligence (BI) technologies, which satisfy the complex demands of the telecom industry. These include developing sales, reducing churn and deception, enhancing risk management, and decreasing operational costs.
– Telecom analytics service is expected to be hosted majorly on the cloud, because of a large number of mobile users in every region. Cloud hosting is also set to expand further, as more CSPs are adopting this, due to the expanding consumer base.
– Due to the proliferation of smart devices and increasing use of IP networks, the telecom industry is experiencing a resurgence of communications fraud. As attacks can come from any source at any moment, frauds have emerged as the most troublesome problem for the telecom market, demanding security.
– Owing to this, authorities are initiating regulations for telecom sector safety. In India, the Telecom Regulatory Authority of India has issued stringent rules and penalties for failing to meet the voice quality benchmark. It is expected to increase the demand for network analytics solutions in the country.
Scope of the Report
Telecom analytics is a type of business intelligence specifically applied and packaged to satisfy the complex needs of telecommunication organizations. Telecom analytics is aimed at decreasing operational costs and maximizing profits by increasing sales, reducing fraud and improving risk management.
The Telecom Analytics Market report also presents the vendor countryside and a corresponding detailed analysis of the major vendors operating in the market. Telecom Analytics Market report analyses the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios.
Key Market Trends
Network Analytics Segment to Hold Significant Market Share
– The network analytics feature brings visibility to the performance and behavior of the data center infrastructures This feature collects data and analyzes the latter using sophisticated algorithms.
– The rapid growth in global IP traffic and advent of 5G is expected in upcoming years will drive network communications making them an essential component of every business model for a communications company. Thus, network reliability and eliminating disruptions are expected to be a priority for many companies, thus, driving the demand for network analytics.
– The new generation of network analytics abilities can support better capacity planning and traffic management, with increasing mobile connections worldwide, major players are trying to provide more efficient service assurance to deliver a customer experience that reduces subscribers churn and increases revenues.
North America to Hold the Largest Market Share
– The United States is one of the largest markets for telecom analytics. Moreover, the country is home to some of the major players in the telecom analytics, which makes it a lucrative hub for innovation in the market.
– The demand for technology in various industries is expected to drive the telecom analytics market at a faster pace in the North American region.
– Moreover, North America has some of the world’s largest cellular service providers, who rely excessively on consumer feedback. Thus, by opting for telecom analytics, CSPs in the region can provide better quality service at high efficiency.
– Verizon, a telecommunications major in the United States, has deployed a variety of analytics and AI groups around the company. For instance, Data Science and Cognitive Intelligence group focuses on applying analytics and cognitive technology to Verizon’s interactions with customers. With other companies to follow this trend, the demand for customer analytics solutions is expected to increase.
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Reasons to Purchase this Report
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Study on product type and application expected to dominate the market.
- Study on regions expected to witness fastest growth during the forecast period.
- Identify the latest developments, market shares and strategies employed by the major market players.
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Detailed Table of Content of Global Telecom Analytics Market – Growth, Trends, Forecast and Challenges (2019 – 2024)
1.1 Study Deliverables
1.2 General Study Assumptions
2. Research Methodology
2.2 Analysis Methodology
2.3 Study Phases
2.4 Econometric Modelling
3. Executive Summary
4. Market Overview and Trends of Telecom Analytics Market
4.2 Market Trends
4.3 Porter’s Five Force Framework
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Consumers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products and Services
4.3.5 Competitive Rivalry within the Industry
5. Market Dynamics of Telecom Analytics Market
5.1.1 Increasing Production
5.1.2 Rising Demand
6. Global Telecom Analytics Market Segmentation, By Capacity
7. Global Telecom Analytics Market Segmentation, By Material Type
7.1 Type 1
7.2 Type 2
7.3 Type 3
8. Global Telecom Analytics Market Segmentation, Segmented by Region
8.1 North America
8.1.1 United States
8.1.3 Rest of North America
8.2.4 Rest of Asia-Pacific
8.3.1 United Kingdom
8.3.5 Rest of Europe
8.4 Rest of the World
8.4.2 South Africa
9. Competitive Landscape and Introduction of Telecom Analytics Market
9.2 Market Share Analysis
9.3 Developments of Key Players
10. Key Vendor Analysis (Overview, Products & Services, Strategies)
10.1 Company 1
10.2 Company 2
10.3 Company 3
And Many More….
No. of Pages: – 120
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