Telecom Analytics Market 2023-28 | Industry Size, Share, Trends, Growth And Forecast

IMARC Group, a leading market research company, has recently released a report titled "Telecom Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″. According to the report, The global telecom analytics market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.

Telecom analytics is a process wherein communication service providers examine data to produce actionable insights, which help in improving customer experience, loyalty, and increasing efficiencies. It involves data mining, text analytics, forecasting and optimization, and descriptive and predictive modeling. It assists in decreasing operational costs and maximizing profits by increasing sales, reducing fraud, and facilitating risk management. Moreover, it assists in communicating with subscribers about their usage, spending, and purchase, and recommending profitable offers to subscribers during the ordering process.

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Telecom Analytics Market Trends and Drivers:

At present, telecom companies are relying on telecom analytics to reduce churn, prevent revenue loss, improve the quality of customer service, and reduce marketing and sales cost. This, in confluence with the increasing demand for streamlining operations, represents one of the key factors positively influencing the market. In line with this, increasing cases of data breaches and cyberattacks in networks are catalyzing the demand for telecom analytics across the globe. Moreover, key market players are increasingly adopting advanced technologies, such as artificial intelligence (AI) and machine learning (ML) platforms, to reduce risk and automate analysis processes. They are also incorporating the internet of things (IoT) and big data in analytics tools to support customer understanding and cost efficiency.

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

Who are the key players operating in the industry?

The report covers the major market players including:

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.

Request to get the sample report: https://www.imarcgroup.com/telecom-analytics-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.

This release was published on openPR.