Product ID: UCMIG50C2010
Telecom Analytics Market Size, Share, Growth Analysis, By Component(Solutions, Network Analytics), By Application(Customer Management, Sales and Marketing Management), By Deployment Model(On-premise, Cloud), By Organization Size(Small and Mid-sized Enterprises, Large Enterprises), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG50C2010 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Telecom Analytics Market Insights
Market Overview:
In 2019, the telecom analytics market had a worth of USD 3.6 billion, and it is projected to expand at a compound annual growth rate (CAGR) of 14.5% from 2020 until 2027. Telecom analytics refers to the employment of advanced Business Intelligence (BI) technology solutions and services customized to satisfy the complex necessities of telecom organizations. It aids in enhancing sales, decreasing operating expenses, curbing fraud and customer churn, as well as improving risk and revenue management. The utilization of data analytics in the telecom industry produces more precise and useful insights, contributing to informed decision-making and providing telecom operators with a competitive advantage.
Telecom Analytics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Wireless Telecommunication Services by segment aggregation, the contribution of the Wireless Telecommunication Services in Telecommunication Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Telecom Analytics Market Report Snapshots
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