Growing Demand for Advanced Telecom Services to Drive Telecom Analytics Market
The slow penetration of the technology on the other hand will challenge business intelligence sector based organizations functioning in the global telecom analytics market. Analysts have split the market into analytics type, component, and deployment models segments based on products and services. Business intelligence based companies have been profiled. High deployment costs is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of business intelligence segment based organizations to help new entrants and established businesses. The business intelligence sector itself is supported by the increasing cloud-based solutions as well as the rapidly growing population. During the forecast period 2018 to 2023, the telecom analytics market is set to witness a health growth across analytics type, component, and deployment models segments as well as regional markets.
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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 Asia Pacific and Latin America are 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 a 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.
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.
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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.
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. 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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Frequently Asked Questions (FAQ) :
1) What is anticipated to be the valuation of the telecom analytics market by 2030?
2) At what CAGR is the telecom analytics market expected to expand?
3) Which players are assessed in the share analysis of the report?
4) By deployment, which segment is dominating the telecom analytics market?
5) At what CAGR is North America telecom analytics market expected to register expansion?
6) What was the valuation of the service segment in 2017?
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