Global Telecom Analytics Market: Latest Trends and Insights
According to a new report published by Reports Monitor titled, “Global Telecom Analytics Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Telecom Analytics market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Telecom Analytics is a business intelligence methodology technique adopted to satisfy the complex need of telecom organizations. These include increasing sales, reducing churn and fraud, improving risk management and decreasing operational costs.
Changing trends in IT and telecom market coupled with increasing need for churn prevention majorly assists in driving the market growth. Additionally, adoption of advanced methodologies for revenue management significantly influences the market in a positive manner. However, growing security concern and lack of awareness about the technology among the telecom operators may slow down the market growth.
This report provides a detailed analysis of Telecom Analytics market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The global telecom analytics market is majorly segmented on the basis of: software applications, services and user. Based on the software application, market is bifurcated into: Network Analytics, Customer Analytics, Market Analytics, Price Analytics, and Service Analytics, while based on the services market is segmented into: consulting, implementation and support. Based on the user, market is segmented into: enterprises and telecom operators.
Global Telecom Analytics market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Growth in the number of smart phone users and increasing internet penetration is mainly influencing the growth of Asia Pacific, while increasing demand for cloud technology has ultimately raised the need for business intelligence in telecom sectors, is propelling the growth of Asia Pacific.
Major Key players operating in the telecom analytics market are: Hewlett-Packard Co., Oracle Corp., IBM Corp., Amazon Web Services, Inc., Couchbase Inc., Teradata Corp., SAP AG, Microsoft Corporation, Wipro Limited, and EMC Corporation.
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