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Telecom Analytics Market Fuels Business Growth with 13.9% CAGR to 2033 | Future Market Insights, Inc.

by GlobeNewswire
November 16, 2023
in Top News
Reading Time: 5 mins read

Shaping Strategies for Business Growth in the Telecom Analytics Industry – The Global Telecom Analytics Market is on an Explosive Growth Trajectory, Projected to reach an US$ 22.91 billion from 2023 to 2033.

NEWARK, Del, Nov. 16, 2023 (GLOBE NEWSWIRE) — The global telecom analytics market is poised for exponential revenue growth and is expected to reach an impressive US$ 22.91 billion by 2033 from US$ 6.21 billion in 2023.

Telecom companies are focusing on offering a better customer experience, and here, telecom analytics helps achieve this, creating multiple opportunities in the telecom analytics market.

Get a Sample Copy of this Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-15522

Market Opportunities

The increasing demand for big data analytics in telecom industry businesses needs solutions that help them map future demand as telecom analytics can help companies analyse network patterns for millions and analyse service performance using business intelligence technologies such as 5G.

Key Takeaways

  • The telecom analytics market is expected to generate significant revenue, projected to increase from US$ 6.21 billion in 2023 to US$ 22.91 billion by 2033.
  • The telecom analytics market is expected to grow steadily, with a CAGR of 13.9% from 2023 to 2033.
  • The North American market for telecom analytics is large and mature and accounts for a 30.1% share of the global market. This is due to the region’s strong telecom industry and the increasing adoption of cloud-based solutions and big data analytics.
  • The European market for telecom analytics is innovative and data-driven, accounting for a 21.7% share of the global market. This is due to the region’s focus on innovation and the increasing demand for data-driven decision-making.
  • The Chinese market for telecom analytics is rapidly growing, accounting for a 17.8% share of the global market. This is due to the region’s rapid growth in mobile data traffic and the increasing adoption of 5G networks.
  • The Japan telecom analytics market is emerging, accounting for a 6.7% global market share. The market is expected to grow significantly in the coming years due to the region’s increasing investment in telecom infrastructure.

Competitors Winning Strategies

Competitors in the telecom analytics market are focusing on the needs of their customers. With this, businesses get to know what customers exactly want. They provide comprehensive data collection, storage, analysis, and visualization solutions. They are trying to develop new solutions that meet the demands of telecom companies.

They are building partnerships with other companies to get more customers from new markets.

Oracle, IBM, SAP, Microsoft, Huawei, Cisco, Altitude Software, and Google Cloud are competitors in the telecom analytics market.

Recent Developments

  • SAP: SAP unveiled its new telecom analytics solution, SAP Customer Data Cloud for Telco. This service lets companies in telecom better understand their clients and customize their products.
  • Microsoft: Microsoft launched the wide release of its new telecom analytics product, Azure for Telecom. Azure for Telecom is a cloud-based platform offering telecom organizations the resources they need to gather, store, and analyze data.
  • Huawei: Huawei introduced its recent telecom analytics platform, Huawei Analytics Platform for 5G. This tool allows telecom firms to improve their 5G networks and gather insights regarding 5G traffic.
  • Cisco: Cisco cooperated with Google Cloud to develop a unified solution for telecom analytics. This solution may combine Cisco’s proficiency with telecom networks and Google Cloud’s expertise in big data analytics.

Request for Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-15522

Restraints:

Despite the market’s promising growth trajectory, challenges persist. Data privacy concerns, regulatory complexities, and the high cost associated with implementing advanced analytics solutions pose as notable restraints hindering the market’s expansion. Addressing these challenges becomes imperative to sustain the market’s upward trajectory.

Key Companies Covered

  • SAP
  • Oracle
  • IBM
  • SAS Institute
  • Adobe
  • Cisco
  • Teradata
  • Micro Focus
  • TIBCO
  • MicroStrategy
  • Tableau
  • Panorama Software
  • Qlik
  • OpenText
  • Alteryx
  • Sisense

Access Key Trends – Buy Now! https://www.futuremarketinsights.com/checkout/15522

Segments Covered In Telecom Analytics Market Analysis

By Components:

  • Software
  • Services
  • Managed Services
    • Professional Services

By Application:

  • Customer Management
  • Sales and Marketing Management
  • Risk and Compliance Management
  • Network Management
  • Workforce Management
  • Other Applications

By Deployment Mode:

  • On-premises
  • Cloud

By Organization Size:

  • Large enterprises
  • SMEs

By Region:

  • North America
  • Europe
  • Asia Pacific
  • The Middle East and Africa
  • Latin America

Author:

Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.

He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.

Have a Look at the Related Reports of the Technology Domain:

  • The global app analytics market was valued at US$ 2,643.7 million in 2023 and is projected to reach US$ 16,008.8 million by 2033, registering a CAGR of 19.7% from 2023 to 2033.
  • Newly released Telecom Order Management Market size analysis report by Future Market Insights shows that global sales of Telecom Order Management Market in 2016 was held at US$ 1.9 Billion. With 7.9% projected growth during 2022 to 2032, the market is expected to reach a valuation of US$ 6.6 Billion by 2032.
  • The telecommunications services market share revenue by the end of 2021 was US$ 1,725.1 Billion. The market is expected to reach US$ 3,303.3 Billion by 2032, as it is estimated to grow at a CAGR of 6.2% for 2022-2032.
  • The financial analytics market trends is expected to be worth US$ 8,462.6 million in 2023. The market has jumped in value from US$ 7,700.3 million in 2022. For the period from 2023 to 2033, the CAGR of the market is forecasted to be a robust 11.5%. By 2033, the size of the market is projected to have ballooned to US$ 25,208.4 million.
  • Newly released Telecom Cloud Market demand report by Future Market Insights reveals that global sales of Telecom Cloud Market in 2021 was held at US$ 19.8 Billion. With 15.2% projected CAGR, the market is projected to reach a valuation of US$ 99.4 Billion by 2032.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:      

Nandini Singh Sawlani 

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

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GlobeNewswire,is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
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