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Overview The telecom analytics market will witness a healthy growth from 2018 to 2023, a research report suggests.
During the forecast period, the market will be supported by high demand across industry verticals and advancements in technology.
The slow penetration of the technology on the other hand will challenge business intelligence sector based organizations functioning in the global telecom analytics market.
Analysts have studied the strategy of business intelligence segment based organizations to help new entrants and established businesses.
The business intelligence sector itself is supported by the increasing cloud-based solutions as well as the rapidly growing population.
Regional Overview Business intelligence market based companies in the telecom analytics market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world.
The report "Telecom Analytics Market by Application (Customer Management, Sales and Marketing Management, Risk and Compliance Management, Workforce management, and Network Management), Component, Deployment, Organization Size, and Region - Global Forecast to 2023", The telecom analytics market size is expected to grow from USD 3.1 billion in 2018 to USD 6.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period.
The key factors driving the telecom analytics market include the growing need for churn prevention, increasing demand for streamlined and effective revenue management, and rising online attacks and suspicious activities.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=73969513The network management segment to grow at the highest CAGR during the forecast periodNetwork management incorporates network utilization analytics, capacity planning and management, traffic volume forecasting, call route optimization, and performance management.
Telecom service providers have adopted data and analytics solutions to support better capacity planning and traffic management, achieve service assurance level, and deliver enhanced customer experience, leading to higher subscriber retention and increased revenue.The services segment to grow at a higher CAGR during the forecast periodBased on components, the telecom analytics market is segmented into software and services.
Professional services and managed services help enterprises in building successful client relationships by continuously supporting them through the business tenure.
Furthermore, these services benefit enterprises by maximizing resource usage, improving project execution, and streamlining business operations.
The need for services, such as consulting services, would also grow, as the adoption of telecom analytics software increases.The on-premises deployment model to hold a larger market size during the forecast periodBased on deployment models, the market is segmented into on-premises and cloud.
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Telecom Analytics Market report makes you achieve the business goal and objective in the predetermined time frame.
This report deals with the precise study of the industry which explains the market definition, classifications, applications, engagements, and global industry trends.
The Global Telecom Analytics Market research report displays important product developments and tracks recent acquisitions, mergers, and research in the industry by the key players.
Few of the major competitors currently working in the telecom analytics market are Oracle; Adobe; IBM Corporation; SAP SE; Cisco; Telefonaktiebolaget LM Ericsson; SAS Institute Inc.; Teradata; Wipro Limited; Open Text Corporation; Dell Inc.; Micro Focus; TIBCO Software Inc.; Sisense Inc.; Amazon Web Services, Inc.; TABLEAU SOFTWARE; Accenture; InfoFaces, Inc.; ALTERYX, INC.; COUCHBASE; AMDOCS; Huawei Technologies Co., Ltd.; MicroStrategy Incorporated; Microsoft; Hewlett Packard Enterprise Development LP and Nokia.Global Telecom Analytics Market is expected to rise from its initial estimated value of USD 2.89 billion in 2018 to an estimated value of USD 8.88 billion by 2026, registering a CAGR of 15.08% in the forecast period of 2019-2026.Access Insightful Study with over 200+ pages, list of tables & figures, profiling 20+ companies.
Ask for Sample Copy Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-Telecom Analytics-marketBy Type (Customer Analytics, Network Analytics, Subscriber Analytics, Location Analytics, Price Analytics, Market Analytics, Service Analytics), Hardware Type (Servers, Storage, Network Equipment), Component (Software, Services), Application (Customer Management, Sales & Marketing Management, Risk & Compliance Management, Network Management, Workforce Management, Others), Organization Size (SMEs, Large Enterprises), Deployment Model (Cloud, On-Premises), Industrial Vertical (IT & Telecommunications, Transportation & Logistics, Retail, Healthcare, Energy & Utilities, BFSI, Defense & Government, Manufacturing, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)Telecom analytics is a type of business intelligence system provided for the betterment of services provided by the various telecommunication organizations.
This technology provides valuable information and insights regarding the performance of telecommunication systems with the help of predictive analytics, management of customers, risk forecasting, etc.
