With 15.1% CAGR, Telecom Analytics Market Size to Reach US$ 10.1 Billion 2022-2027

According to the latest report by IMARC Group "Telecom Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", 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. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Telecom analytics refers to an advanced procedure that allows communication service providers (CSPs) to examine data and develop insights. It comprises data mining, text analytics, predictive and descriptive modeling, forecasting and optimization, and multidimensional analyses. It is widely utilized to increase visibility and gain real insights into core operations and processes of an organization. It offers enhanced customer experience, loyalty, and efficiency and decreases fraud. It assists in increasing profitability while reducing operational costs and risk. Besides this, it aids in detecting issues and providing the best solutions to a customer prior to any impact on the business.

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Telecom Analytics Market Trends and Drivers:

At present, the increasing demand for telecom analytics to eliminate cyberattacks, unusual activities, and data theft represents one of the primary factors supporting the growth of the market. Apart from this, the rising demand for telecom analytics, as it churns prediction and prevent revenue loss among business organizations, is propelling the growth of the market. Moreover, the increasing integration of the internet of things (IoT), data science, and big data in the telecommunication industry to generate maximum revenue is bolstering the growth of the market. Furthermore, key manufacturers are introducing live video broadcasting and zero-rated 5G downloadable media content over the mobile network, which is strengthening the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Component:

Solution 
Services

Breakup by Deployment Mode:

Cloud-based
On-premises

Breakup by Organization Size:

Large Enterprises
Small and Medium-sized Enterprises

Breakup by Application:

Customer Management
Network Management
Sales and Marketing Management
Risk and Compliance Management
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

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
TIBCO Software Inc.

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