Published Date: 26-May-2023
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According to a new report, published by KBV research, The Global Subscriber Data Management Market size is expected to reach $16.5 billion by 2029, rising at a market growth of 17.6% CAGR during the forecast period.
The Fixed Networks market is showcasing a CAGR of 20.1% during (2023 - 2029). Fixed network services are offered throughout the entirety of a project, beginning with the preliminary feasibility studies, and continuing all the way through the final completion certification. Fixed networks have a high data transmission rate, which results in high speed.
The Large Enterprises market acquired the highest revenue share in the Global Subscriber Data Management Market by Enterprise Size in 2022, thereby achieving a market value of $10.5 billion by 2029. The segment is growing due to the widespread usage of SDM tools by large enterprises. To increase the security of their operations, several big businesses are looking towards private 5G technology as an alternative to network slicing.
The Subscriber Data Repository market is leading the Global Subscriber Data Management Market by Solution in 2022, thereby achieving a market value of $6.2 billion by 2029. More companies are utilizing the subscriber data repository, propelling the segment's expansion. With the use of data repositories, the company may keep the information it has gathered from many sources in a logical, structured manner. In accordance with the number of data sources the company has, these repositories can gather information from a single set of databases or several. The teams will find it easier to share and evaluate this data once it has been organized in a repository.
The Cloud market would register a CAGR of 19.4% during (2023 - 2029). The segment is growing since more people are utilizing cloud-based services. Because they are more affordable, cloud solutions are becoming more popular. Many small and medium-sized businesses have been moving toward cloud-based solutions because of their great scalability and the opportunity for users to pay according to their consumption.
The Voice over Internet Protocol (VoIP) market has shown a high growth rate of 17.9% during (2023 - 2029). Voice over Internet Protocol (often known as "VoIP") is a system that enables voice calls to be made through the use of a broadband internet access rather than a conventional phone line. Some voice-over IP services allow users to call other voice-over IP users. In contrast, other services may allow users to call any phone number, including local, long-distance, mobile, and international. Voice over IP is a cutting-edge technology that has elevated voice message to new heights.
The North America market dominated the Global Subscriber Data Management Market by Region in 2022 and would continue to be a dominant market till 2029; thereby, achieving a market value of $5,426.2 million by 2029. The Europe market would witness a CAGR of 16.9% during (2023 - 2029). Additionally, The Asia Pacific market is poised to grow at a CAGR of 18.6% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/subscriber-data-management-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 Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Oracle Corporation, Cisco Systems, Inc., ZTE Corporation, Telefonaktiebolaget LM Ericsson, Optiva, Inc., Amdocs Limited, and Enea AB.
By Network Type
By Enterprise Size
Unique Offerings from KBV Research
North America Subscriber Data Management Market size & Opportunities 2023-2029
Europe Subscriber Data Management Market & Growth Forecast 2023-2029
Asia Pacific Subscriber Data Management Market Share & Industry Outlook to 2029
LAMEA Subscriber Data Management Market Growth, Trends & Forecasts 2023-2029