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Telecom Analytics Market worth $4,296.6 Million by 2019
The report “Telecom Analytics Market by Software Applications (Customer, Network, Market, Price, and Service Analytics), by Hardware Type (Servers, Storage, Network Equipment), and by Service Type (Implementation, Training & Support, Consulting) - Global Forecast to 2019” defines the global telecom analytics market based on various software applications, hardware types, service types, and user types with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends.
Browse 79 Market Data Tables and 64 Figures spread through 160 Pages and in-depth TOC on "Telecom Analytics Market by Software Applications (Customer, Network, Market, Price, and Service Analytics), by Hardware Type (Servers, Storage, Network Equipment), and by Service Type (Implementation, Training & Support, Consulting) - Global Forecast to 2019"
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With the present enormous rise in telecom subscribers across the globe, the telecom industry has been summarily prospering. The prolific advancements in the telecom service offerings over the years have expansively enriched the experience of the subscribers. The onset of these services has also enabled the communication service providers with a substantial base to extend its market presence and escalate its business value. However, the commencement of large scale product and service offerings by manifold number of telecom operators provides telecom subscribers with an enlarged and extended platform to choose offerings suiting one’s need. This leads to the implicit need for telecom operators and enterprises provisioning telecom offerings, to retain their subscribers and ensure revenue generation. Thus, telecom analytics plays the most crucial role in aiding these telecom operators and enterprises which form the chief core users, with methodologies to tactically provide optimized and exclusive solutions to its subscriber base.
Telecom analytics provides massive-scaled analytical models and tactful technological solutions to analyze the entire system scenario through network analytics, service analytics, and market analytics considerations for the communication service providers. Telecom analytics additionally, assists in utilizing advanced analytics to augment customer services. This analytics enables the analysis of vast amount of subscriber data on real-time basis by comprehensively gaining data insights into customer preferences, thereby, reducing the high churning rates present in the dynamic business environments. Hence, the escalating demand by the telecom operators and enterprises for timely analytics, in order to boost business decisions has facilitated the analytical service providers to render highly effectual offerings for the telecom analytics market. The major vendors of the global telecom analytics market are SAP AG, Microsoft Corporation, EMC Corporation, Cisco Systems, Inc., and IBM Corporation. The major forces driving this market are the ongoing indispensible need for churn prevention, enhanced implications for revenue management, and increasing vulnerability to attacks and rise in suspicious activities.
MarketsandMarkets broadly segments the telecom analytics market by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by software applications: customer analytics, network analytics, market analytics, price analytics, and service analytics; by hardware types: servers, storage, and network equipment; by service types: implementation, training & support, consulting; by user types: enterprises, and telecom operators.
MarketsandMarkets forecasts the global telecom analytics market to grow from $975.2 million in 2014 to $4,296.6 million by 2019, at a CAGR of 34.5%. In terms of regions, NA is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.
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