DUBLIN--(BUSINESS WIRE)--The "Telecom Analytics Market by Component, Deployment, Organization Size and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to this report the global market was valued at $3.52 billion in 2018, and is projected to reach $9.89 billion by 2026, growing at a CAGR of 13.9% from 2019 to 2026.
The cloud segment dominated the telecom analytics market in 2018, and is projected to maintain its dominance during the forecast period. This is attributed to key benefits offered by cloud-based software for businesses such as unlimited accessibility, low cost, and ease of implementation. Cloud deployment is also expected to gain traction in the coming years owing to the need for more agility, scalability, and increase in amount of data generated in the telecom sector.
Telecom analytics incorporates sophisticated business intelligence technologies that are designed to meet the complex requirements of telecom organizations. These include increase in sales, reducing churn and fraud, improving risk management, and decreasing operational costs. In addition, telecom analytics streamlines telecom analytics processes and decreases costs by improving the response as well as closure times.
The need to reduce customer churn and increase customer satisfaction, growth in need to automate workflow and streamline telecom analytics operations, increase in demand for fraud detection due to network attacks, a surge in adoption of customer-centric strategies, as well as rise in awareness about the benefits of telecom analytics are the major factors that fuel the growth of the telecom analytics market. However, lack of awareness about telecom analytics solution is expected to hinder the telecom analytics market growth. On the contrary, integration of new technologies such as machine learning and AI in telecom analytics is expected to provide lucrative opportunities for the market growth in the coming years.
Key findings of the study:
- Depending on component, the solution segment led the telecom analytics market size in terms of revenue in 2018.
- By deployment, the cloud segment accounted for the highest market share in 2018.
- Based on organization size, large enterprises dominated the telecom analytics market share in year 2018.
- Region wise, North America generated the highest revenue in 2018; however, Asia-Pacific is anticipated to exhibit substantial growth during the telecom analytics market forecast period.
- Depending on application, the network management segment is anticipated to exhibit substantial growth during the forecast period.
- The global telecom analytics market analysis includes some of the key market players such as SAP SE, Oracle, SAS Institute, Teradata, Tibco, Adobe, Cisco, IBM, Tableau, and Sisense.
Key Topics Covered:
2. Executive Summary
3. Market Overview
3.1. Market Definition And Scope
3.2. Porter's Five Forces Analysis
3.3. Market Player Positioning
3.4. Case Studies
3.4.1. Bharti Airtel Is Improving Its Customers' Experience With A Cloudera Enterprise Platform That Facilitates Unprecedented Network Transparency By Enabling Large-Scale And Real-Time Ingest, Processing, And Delivery of Network Data
3.4.2. Bouygues Telecom Has Implemented Sap Ariba Solution For Providing Services At More Competitive Price.
3.5. Market Dynamics
22.214.171.124. The Need For Churn Reduction
126.96.36.199. Rise In Need For Streamlining Revenue Management
188.8.131.52. Increase In Demand For Fraud Detection Due To Network Attacks
184.108.40.206. Lack of Awareness of Telecom Analytics Among Telecom Operators
220.127.116.11. Integration of New Technologies Such As Machine Learning And Ai In Telecom Analytics
4. Telecom Analytics Market, By Component
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis, By Region
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis, By Region
5. Telecom Analytics Market, By Deployment
5.2. On Premise
6. Telecom Analytics Market, By Organization Size
6.2. Large Enterprises
7. Telecom Analytics Market, By Application
7.2. Customer Management
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Region
7.2.3. Market Analysis, By Region
7.3. Network Management
7.4. Sales And Marketing Management
7.5. Risk And Compliance Management
8. Telecom Analytics Market, By Region
8.2. North America
9. Competitive Landscape
9.1. Competitive Dashboard
9.2. Key Developments
9.2.1. New Product Launches
9.2.2. Business Expansions
9.2.4. Product Development
9.3. Top Winning Strategies
10. Company Profiles
10.1. Adobe Inc.
10.2. Cisco Systems, Inc.
10.3. International Business Machines Corporation
10.4. Oracle Corporation
10.5. Sap Se
10.6. Sas Institute Inc.
10.7. Sisense Inc.
10.8. Teradata Corporation
10.9. Tibco Software Inc.
10.10. Tableau Software
For more information about this report visit https://www.researchandmarkets.com/r/taosoc