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Policy Management in Telecom Market Witness the Growth of $1617.1 Million by 2022

10-27-2020 01:25 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

According to a research report "Policy Management in Telecom Market by Network (Fixed, Wireless), Component (Solutions, Services), Services (Professional, Managed), Deployment (Cloud, On-Premises), and Region - Global Forecast to 2022", The policy management in telecom market is estimated to grow from USD 953.6 Million in 2017 to USD 1,617.1 Million by 2022, at a CAGR of 11.1% from 2017 to 2022. The market is primarily driven by the increasing adoption of tailored policy management solutions by telecom operators across the globe. Moreover, the rise in the demand for innovation in the telecom industry is also contributing to the growth of the policy management in telecom market.

Browse 33 Market Data Tables and 29 Figures spread through 101 Pages and in-depth TOC on "Policy Management in Telecom Market - Global Forecast to 2022"

View detailed Table of Content here: https://www.marketsandmarkets.com/Market-Reports/policy-management-in-telecom-market-62186207.html

Based on component, the solutions segment is expected to grow at a high rate during the forecast period

Based on component, the policy management in telecom market has been segmented into solutions and services. The solutions segment is expected to grow at a high rate between 2017 and 2022. This can be attributed to the rise in strict telecom regulations, the continued growth of the subscribers, overcoming data traffic limits, and setting marketing oriented policy and charging rules.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62186207

Based on deployment, the cloud segment is estimated to grow at the highest CAGR during the forecast period

Based on deployment, the cloud segment is estimated to grow at the highest CAGR for the policy management in telecom market. Due to scalability and low hardware, setup, and maintenance cost, the cloud-based deployment of policy management solution are adopted significantly by various organizations. This factor is driving the growth of cloud in policy management in telecom market.

Asia Pacific region is estimated to grow at the highest CAGR during the forecast period

The policy management in telecom market in Asia Pacific is estimated to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increasing use of mobile devices in this region. The rise in digitalization and smartphone users will make the Communication Service Providers (CSPs) deploy policy management solution. Countries such as India, China, Russia, Australia, and Japan are expected to witness high growth rates in policy management in telecom market.

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=62186207

Major players in policy management in telecom market Ericsson (Sweden), Huawei (China), Nokia (Finland), Oracle (US), Amdocs (US), Netcracker Technology (UK), CSG International (US), ZTE (China), Cisco (US), Redknee (Canada), and Openet (Ireland).

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Mr. Aashish Mehra.
MarketsandMarkets™ INC.
630 Dundee Road,
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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