The
global Telecom Analytics Market size is projected to
reach USD 10.7 billion by 2027, expanding at a CAGR of 14.5% during the
forecast period, according to a study conducted by Grand View Research, Inc.
Telecom analytics offers business intelligence solutions to the evolving
telecommunications sector and also aids in identifying the present situation of
the company with respect to its market opposition by identifying progressive
trends and predicted parameters.
Increasing
use of descriptive and diagnostic analytics to enhance business functions is
one of the major factors fueling the growth of the market globally. Big
data has become a ubiquitous part of telecom industry because of the huge
amount of data being generated every minute through the connected world. About
2.5 quintillion bytes of data is created every day. The enhanced networks
coupled with the proliferation of smart devices has facilitated the telecom
operators to gain access to a multitude of information about their customers’
preferences and behavior. This, in turn is expected to bolster market growth
over the forecast period.
Telecom
analytics possesses an ability to formulate strategies associated with
cross-sell and up-sell and service and solution plans, thereby helping
companies in the sector to obtain value from network resources. In
addition, systematic computational analysis of data in the industry is also
being leveraged to discover new routes of innovation and build better investor
relations. Additionally, systematic computational analysis of data in the
telecom industry brings importance in decision making, provides more accurate
and actionable insights, ensures competitive benefits to the companies
involved, and enable them to plan more efficient cost structure. A massive
amount of unstructured data is formed from connected and communication devices,
and social media. When this data is converted into a structured data, telecom
service providers take out insights about their customer preferences and choices
which in turn help them to figure out a customer profile and produce more
targeted offers.
Accordingly,
the ability of enterprises to capitalize on the potential of systematic
computational analysis of data for the industry is expected to drive the growth
of the market. While data analytics companies are experiencing growth, there is
a massive shortage of talent. The telecom industry requires skilled data
scientists who can understand the technology as well as the business objective
of a telecom operator. Data scientists and analytics experts are highly in
demand. Hiring new experts or training the existing workforce can cost the
organization considerably, and the process of acquiring skills related to
systematic computational analysis of data takes significant amount of time,
which thereby pose a huge challenge. As a result, this very reason is one of
the major factors expected to hinder the growth of the market during the
forecast period.
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Telecom Analytics Market Report Highlights
- The cloud
segment is expected to witness a CAGR exceeding 15.0% over the forecast
period. Owing to low investment cost, scalability, and agility offered by
cloud deployment model, the segment is expected to witness significant
growth
- The solution
accounted for over 65.0% of the global market share in 2019, and the
segment is expected to witness considerable growth over the coming years.
Moreover, the segment is anticipated to continue its dominance as the
fastest growing segment during the forecast period
- Asia Pacific
region is expected to grow at a fastest pace expanding at a CAGR exceeding
15.0% over the forecast period, which is accredited to the increasing
investments in advanced technologies such as IoT and Big Data in the developing countries
including India, and China.
List of Key players of Telecom Analytics Market
- Adobe
Systems Incorporated
- Alteryx,
Inc.
- Cisco
Systems, Inc.
- Dell EMC
- Hewlett
Packard Enterprise Development LP
- Huawei
Technologies Co., Ltd.
- International
Business Machines Corporation
- Microsoft
Corporation
- MicroStrategy
Incorporated
- OpenText
Corporation
- Oracle
Corporation
- Panaroma
- SAP SE
- SAS
Institute Inc.
- Sisense
Inc.
- Subex
Limited
- Tableau
Software
- Teradata
Corporation
- TIBCO
Software Inc.
- Wipro
Limited
Related Press
Release@ Telecom Analytics Market Report
Telecom Analytics Market Segmentation
Grand
View Research has segmented the global telecom analytics market on the basis of
component, deployment model, application, organization size, and region:
Telecom Analytics Component Outlook (Revenue, USD
Million, 2016 - 2027)
- Solutions
- Network
Analytics
- Customer
Analytics
- Subscriber
Analytics
- Location
Analytics
- Price
Analytics
- Service
Analytics
- Others
- Services
Telecom Analytics Application Outlook (Revenue, USD
Million, 2016 - 2027)
- Customer
Management
- Sales and
Marketing Management
- Network
Management
- Risk and
Compliance Management
- Workforce
Management
- Others
Telecom Analytics Deployment Model Outlook (Revenue, USD
Million, 2016 - 2027)
- On-premise
- Cloud
Telecom Analytics Organization Size Outlook (Revenue, USD
Million, 2016 - 2027)
- Small and
Mid-sized Enterprises
- Large
Enterprises
Telecom Analytics Regional Outlook (Revenue, USD Million,
2016 - 2027)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle East
& Africa
About Us:
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View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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