The report of Global Telecom Analytics Market by Components (Software, Services), Applications (Customer Management, Sales and Marketing Management, Risk and Compliance Management, Network Management, Workforce Management, Others), Deployment Models (On-premises, Cloud), Organization Size (Large enterprises, Small and Medium-sized Enterprises (SMEs)), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ 9.7 Bn by 2027, at a CAGR of XX % during a forecast period.
Growing demand for effective revenue management, rising need for churn prevention, increasing attacks, and suspicious activities are some of the important factors driving the growth of the telecom analytics market globally. Also, the growing use of descriptive and diagnostic analytics to enhance business functions is expected to boost the telecom analytics market growth. On the other hand, the lack of awareness about telecom analytics is one of the major factors restraining the growth of the telecom analytics market.
Cloud segment expected to grow at the highest XX% CAGR during the forecast period.
This is attributed to key benefits offered by cloud-based software for businesses like unlimited accessibility, low cost, and ease of implementation. Cloud deployment is also projected to gain traction in the coming years because of the need for more agility, scalability, and upsurge in the amount of data generated in the telecom sector.
North America region is expected to account for the largest XX% market share by 2027.
The market here is primarily governed by the high spending over analytics solutions in North America. The presence of a large number of industry players like Oracle Corporation, IBM, etc. among others in North America is another factor supporting regional growth. Similarly, the telecom industry is highly developed in the USA with robust penetration of the telecom industry among the population. This high penetration of telecom users creates large data which in turn aids to grow the market of telecom analytics in North America.
Key players operating in the Global Telecom Analytics Market are IBM, Oracle, SAP, SAS Institute, Adobe, Cisco, Teradata, Micro Focus, Tibco, Tableau, Panorama, Opentext, Alteryx, Microstrategy, Sisense
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Telecom Analytics Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Telecom Analytics Market. The driving forces, as well as considerable restraints, have been explained in depth. in addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Telecom Analytics Market positioning of competitors.
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