The policy management in telecom market size is estimated to be USD 953.6 Million in 2017 and is projected to reach USD 1,617.1 Million by 2022, at a CAGR of 11.1% during the forecast period. Some of the major factors that are driving the policy management in telecom market include low operating expenses of telecom operators, increased adoption of tailored policy management solutions by telecom operators across the globe, and increased number of mobile subscribers around the world.
Technological giants such as LM Ericsson Telephone Company (Sweden), Huawei Investment & Holding Co., Ltd. (China), Nokia Corporation (Finland), Amdocs Limited (US), and Oracle Corporation (US), and others offer policy management solutions for telecom operators. These players have adopted various growth strategies, such as expansions, contracts, mergers & acquisitions, partnerships, and new product launches. Partnerships and acquisitions account for more than half of the market share of all the growth strategies adopted by the major market players.
LM Ericsson Telephone Company (Sweden) focuses on inorganic strategies, such as partnerships and collaborations, to achieve growth in the policy management in telecom market. For instance, in December 2016, Ericsson partnered with Telenor Serbia (Serbia), a Norwegian telecommunications company, to deploy the Ericsson CBiO system as Telenor’s new real-time convergent charging and billing platform. This partnership strategy enabled Ericsson to offer convergent charging and billing system services to Telenor Serbia as well as expand its business in Serbia.
Huawei Investment & Holding Co., Ltd. also focuses on inorganic strategies such as partnerships, and collaborations, to propel in the policy management in telecom market. For instance, in January 2017 Huawei Investment & Holding Co., Ltd. (China) partnered with AlgoSec (China), a global network security policy management software provider, to provide security policy management software to drive network agility.
Policy Management in Telecom Market by Network (Fixed, Wireless), Component (Solutions, Services), Services (Professional, Managed), Deployment (Cloud, On-Premises), and Region - Global Forecast to 2022
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