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The global telecom analytics market size reached US$ 4.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.1 Billion by 2027, exhibiting a growth rate (CAGR) of 15.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Telecom analytics refers to an intelligence process that enables communication service providers (CSPs) to examine data and develop valuable insights. It assists in designing competitive packages, communicating with customers, configuring the network to deliver reliable services, and monitoring the quality of experience. It also aids in improving profitability, enhancing customer satisfaction, and boosting efficiency. Moreover, it relies on forecasting and optimization, multidimensional analyses and descriptive and predictive modeling to enable smarter networks and extend network functionality. As a result, it is gaining traction around the world.
The rising amount of telecom data across the globe represents one of the primary factors strengthening the market growth. Additionally, telecom analytics solutions minimize churn, prevent revenue loss, improve the quality of customer services, and reduce the marketing and sales cost. Consequently, there is a considerable increase in the need for reducing churn as it severely impacts the business and lowers its reputation. These solutions also enable carriers to gain insights from subscriber usage data, comprehend their behavior patterns and facilitate the opportunity for cross-selling and up-selling. As a result, telecom companies are increasingly relying on telecom analytics solutions around the world. Moreover, telecom analytics helps in identifying the limitations, reducing risk, making suitable decisions, and increasing revenue growth. This, in confluence with the escalating need for streamlining business operations that impact the revenue, is acting as another growth-inducing factor. Furthermore, leading players are utilizing technologies, including the Internet of Things (IoT), big data, and data science that provides revenue maximization, customer understanding and cost-efficiency, which is creating a favorable market outlook. Other significant factors, including growing network attacks and online data security threats and considerable advancements in information technology (IT) infrastructure, are driving the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global telecom analytics market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment mode, organization size and application.
Breakup by Component:
Breakup by Deployment Mode:
Breakup by Organization Size:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Accenture plc, Adobe Inc., Cisco Systems Inc., Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute, Sisense Inc., Tableau Software (Salesforce.com Inc.), Teradata Corporation and TIBCO Software Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Deployment Mode, Organization Size, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Accenture plc, Adobe Inc., Cisco Systems Inc., Dell Technologies Inc., International Business Machines Corporation, Oracle Corporation, SAP SE, SAS Institute, Sisense Inc., Tableau Software (Salesforce.com Inc.), Teradata Corporation and TIBCO Software Inc.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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