Telecom Analytics Market Size to Surpass US$ 11.7 Billion by 2028 | With a 15% CAGR

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 the application of data analytics in the telecommunications sector to extract insights from large data sets. It involves collecting, analyzing, and interpreting data generated from various telecom operations like customer interactions, network performance, and billing. It employs various techniques such as predictive analytics, customer segmentation, and real-time analytics to identify trends, anomalies, and opportunities. By leveraging these insights, telecom providers can offer more personalized services, enhance operational efficiency, and make better strategic decisions, thus gaining a competitive edge in a rapidly evolving market. Currently, telecom analytics finds extensive applications in optimizing customer experience, enhancing network performance, and driving revenue growth through targeted marketing and service personalization.

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Telecom Analytics Market Trends and Drivers:

The global telecom analytics market is primarily driven by rising data volume due to the rapid proliferation of mobile devices, IoT (Internet of Things) devices, and the increasing use of digital services. Telecom analytics solutions play a vital role in managing and extracting valuable insights from this vast amount of data. Moreover, the escalating demand for enhanced customer experiences and increased operational efficiency, which motivates telecom companies to invest in analytics tools, is propelling market growth. Besides this, the growing complexity of telecom networks owing to the emergence of 5G networks and the introduction of new technologies like edge computing and IoT advance has accelerated the product adoption rate. Furthermore, the augmenting need for fraud detection and revenue assurance is contributing to market growth as analytics solutions can identify irregular patterns and potential fraud, helping telecom companies protect their revenue streams.

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.

Explore full report with table of contents: https://www.imarcgroup.com/telecom-analytics-market

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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.