Telecom Analytics Market Forecasts 2021 - 2026

Posted by Sonika on May 20th, 2021

Bharat Book Bureau Provides the Trending Market Research Report on Telecom Analytics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)"under Telecom Market Analysis section. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

The Telecom Analytics market was valued at USD 4.12 billion in 2020 and is expected to reach USD 22.52 billion by 2026, at a CAGR of 32.75% over the forecast period 2021 - 2026. The need for reducing churn is more than ever important, as the competition is increasing with the incidence of new entrants, who provide lucrative deals that are generally inexpensive than that of the incumbents.

- The telecom analytics market combines many sophisticated business intelligence (BI) technologies, which satisfy the complex demands of the telecom industry. These include developing sales, reducing churn and deception, enhancing risk management, and decreasing operational costs.
- Telecom analytics service is expected to be hosted majorly on the cloud, because of a large number of mobile users in every region. Cloud hosting is also set to expand further, as more CSPs are adopting this, due to the expanding consumer base.
- Due to the proliferation of smart devices and increasing use of IP networks, the telecom industry is experiencing a resurgence of communications fraud. As attacks can come from any source at any moment, frauds have emerged as the most troublesome problem for the telecom market, demanding security.
- Owing to this, authorities are initiating regulations for the telecoms sector safety. In India, the Telecom Regulatory Authority of India has issued stringent rules and penalties for failing to meet the voice quality benchmark. It is expected to increase the demand for network analytics solutions in the country.

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Competitive Landscape

The telecom analytics market is very competitive and moving towards the fragmented stage as the market currently consists of many players. Several key players in the global telecom analytics market are in constant efforts to bring product advancements. A few prominent companies are entering into collaborations, and are also expanding their footprints in developing regions to consolidate their positions in the market. The major players are Huawei Technologies, SAP SE, Oracle Corp. among others.

- February 2018 - Pod Solutions and Subex announced a new partnership with telecom analytics solutions. Subex Secure is designed to provide security for IoT billing and connectivity services. The partnership with Subex is expected to enable Pod Solutions to develop advanced security services, allowing customers to rapidly create, deploy and bill mission critical IoT solutions with better security and resilience.
- February 2018 - The company announced the new version of Oracle Communications Network Charging and Control, which addresses communications, IoT, and cloud services. This new version aims to expand the reach of digital monetization portfolio to help service providers, mobile virtual network enablers and operators in high growth markets.

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https://www.bharatbook.com/marketreports/telecom-analytics-market-growth-trends-covid-19-impact-and-forecasts-2021-2026-/2354703

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Sonika

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Sonika
Joined: January 22nd, 2019
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