Policy Management in Telecom Market Comprehensive Research Study, Leading Player

Posted by Sakshi Mishra on April 16th, 2021

Telecom policy management solutions are used by multinational companies in curbing costs of telecommunication providers and contain measures and rules for regulating the use of equipment and devices. Optimization of data and wireless phones will be pivotal in curbing purchases of phones and their uses. The global policy management in telecom market report by Market Research Future (MRFR) comprises the latest trend and opportunities to affect the industry for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effect on the services during the aforementioned period are explained in detail.

Market Scope

The policy management in telecom market is expected to grow at approximately USD 1,606.95 million by 2023 at 11% CAGR over the forecast period.

Rise of wireless data services is a prime opportunity for the market to extend its wings owing to the sales of smartphones and other smart devices. Telecommunication policies for wireless data usage can lower expenditure costs and push profit margins greatly. Awareness of telecom policies and prevention of misuse and fraud can bode well for the market. Setting of standards within companies and approval of mobile device asset services can set a benchmark for the market to capitalize during the forecast period.

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Segmentation

The policy management in telecom market is segmented on the basis of components, deployment, and organization size and network type. The component segment includes software and service. The service segment includes managed service and professional service. Managed services can be defined as active supervision of an information technology asset or object, by a third party known as a MSP, on behalf of the end-user. The operative distinction separating MSP from professional services is the proactive delivery of their service as compared to reactive IT services. The key drivers contributing to the growth of the managed services are the rise in digital information, security accorded to servers, increasing trend of bring your own devices (BYOD), flexibility to match custom requirements, continuous upsurge in dependency over heterogeneous networks, and persistent rise in technological solutions.

The segmentation on the basis of deployment includes cloud and on-premise. The cloud solution accounted for the highest market share owing to its help in enterprises minimizing costs associated with hardware infrastructure. It allows companies to focus on core services while providing them with data protection and security services. Efficient management of storage, data integrity and protection, and alleviating concerns of privacy issues can bolster the segment growth in the global policy management in telecommunication market.

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