Telecom Analytics Market Analysis, Business Opportunities, Industry Revenue, Competitive Landscape, Future Trends and Impact of COVID

According to Market Research Future (MRFR), the Global Telecom Analytics Market is estimated at $11,359.4 million, with a CAGR of 29.01% from 2018 to 2023 (forecast period). The study discusses and assesses the impact of the COVID-19 outbreak on the global telecom analytics industry, including opportunities and threats, drivers and risks.

Telecom analytics can be defined as a compendium of business intelligence (BI) technologies combined into a single, far-reaching set to address the complex needs of telecom operators and enterprises. At present, the function of business intelligence has evolved from simple reporting and submission of a dashboard to highly established capabilities of multi-dimensional analysis and ad hoc query analysis using systematic analysis and other intelligent devices. With the addition of analytics in communications, one can literally peek into the core operations of the industry, along with insights into the various internal workings. It also helps define the company’s current position in terms of market resistance by defining advanced developments and expected parameters. In the coming future, solutions in the global telecom analytics market will evolve to incorporate features such as video optimization and deep packet inspection.

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market dynamics

Telecom Analytics Market is driven by a variety of factors such as: B. Increased deception activities to avoid customer churn and improve revenue management. On the other hand, this market faces a number of disadvantages such as; B. a lack of information on telecom analytics, privacy concerns and high security costs. Telecom analytics perform a number of functions such as marketing management, customer management, sales and distribution, network management, and other support functions such as optimization, MIS, continuous monitoring, and so on. Advanced countries in North America, Europe and Asia will remain the hotspots for market participants during the assessment period.

market segmentation

The global Telecom Analytics Market has been segmented on the basis of analysis types, components, and deployment models.

On the basis of analysis type, the global Telecom Analytics Market has been segmented into customer analysis, Price Analysis, Network Analysis, Subscriber Analysis, Location Analysis and Service Analysis.

On the basis of components, the global Telecom Analytics Market has been segmented into Solutions and Services. The solution is further divided into customer management, network management, Marketing management, sales and distribution and others. Services are further divided into Professional Services and Managed Services.

On the basis of deployment models, the global telecom analytics market has been segmented into on-premise and cloud-based.

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Regional Analysis

By region, the global Telecom Analytics Market has been segmented into North America, Europe, Asia-Pacific and the Rest of the World (RoW).

North America has enormous sales potential. The reputation of the regional market can be related to the existence of a large number of suppliers, particularly in the United States. On the other hand, increasing telecommunications spending in the developing regions of Asia will make regional demand increasingly lucrative.

key figures

Amdocs, Inc., Nokia Networks, Hewlett Packard Enterprise Development LP, International Business Machine Corporation, Huawei Technologies Co. Ltd, Dell Technologies Inc., SAP SE, Ericsson, Vizualytics, Cisco Systems Inc., Teradata and Oracle Corporation.

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