Published Date: 29-Feb-2020
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According to a new report Global Telecom Analytics Market, published by KBV Research, The Global Telecom Analytics Market size is expected to reach $8.7 billion by 2025, rising at a market growth of 13.3% CAGR during the forecast period. It is expected that factors like the growing need for churn prevention, increased demand for effective revenue management, and surging attacks and suspicious activity will fuel market growth. Nevertheless, telecom operators' lack of awareness of telecom analytics is expected to curb market growth.
Due to higher product adoption, the software segment is outperforming the services segment and would see growth and development in future. Telecom analytics software is currently being implemented to meet the Telecom industry vertical's complex Business Intelligence (BI) requirements. Such standards include and churn; detecting fraud; managing risk; cross-selling and upselling product and service plans; segmenting and evaluating customers; controlling revenues; and protection and enforcement.
North America dominated in 2018, and this trend is projected to continue over the forecast period. The key factors influencing the growth of the telecom analytics market in this region include the rise in the implementation of advanced technologies such as AI & machine learning by telecom operators in this region. Asia-Pacific, nevertheless, is expected to see the significant growth of 15.2% due to a steady increase in the number of users of mobile devices, an increasing number of Internet subscribers, and intensifying competition among telecom operators to offer faster connectivity at cheaper rates, among others.
Based on application, the category of network management field led the global telecom analytics market in 2018, and this trend is projected to continue over the forecast period. The Sales & Marketing Management market is anticipated to grow at a CAGR of 12.3% during (2019 - 2025). Additionally, The Customer Management market is expected to witness CAGR of 14% during (2019 - 2025).
Structural Insights: https://www.kbvresearch.com/telecom-analytics-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of IBM Corporation, Oracle Corporation, SAP SE, Adobe, Inc., Cisco Systems, Inc., OpenText Corporation, Teradata Corporation, Sisense, Inc., Tibco Software, Inc. (Vista Equity Partners), and SAS Institute, Inc.
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