Press release
Data Monetization in Telecom Market 2024-2033: Opportunity Assessment, Competitive Landscape, Regional Demand And Major Players
Data Monetization in Telecom Market
The Business Research Company offers in-depth market insights through Data Monetization in Telecom Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The data monetization in telecom market size has grown exponentially in recent years. It will grow from $4.47 billion in 2023 to $5.41 billion in 2024 at a compound annual growth rate (CAGR) of 21.0%. The growth in the historic period can be attributed to rise in data generation, smartphone proliferation, competitive landscape, personalized services, regulatory changes.
The data monetization in telecom market size is expected to see exponential growth in the next few years. It will grow to $12.08 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to 5G implementation, edge computing integration, data monetization platforms. Major trends in the forecast period include AI and machine learning enhancements, partnerships and ecosystem collaboration, monetizing subscriber data.
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Market Segmentation:
The data monetization in telecom market covered in this report is segmented -
1) By Component: Tools, Services
2) By Data Type: Customer Data, Product Data, Financial Data, Supplier Data
3) By Organization Type: Small and Medium-Sized Enterprises (SMEs), Large Enterprises
4) By Deployment Type: On-Premises, Cloud
Major Driver - Enterprise Data Surge Fuels Robust Growth In Data Monetization In Telecom Market
The rise in the volume of enterprise data is expected to propel the growth of data monetization in the telecom market going forward. Enterprise data refers to information that users within a company typically exchange across departments and/or geographical areas. Most telecommunications companies currently have raw enterprise data, which is used to determine how to change their business model to include new channels for data monetization. For instance, in January 2022, according to Matillion, a UK-based software company that provides cloud-native data integration tools, data experts who participated in this poll informed us that data volumes in their firms are expanding, on average, by 63 percent every month. Therefore, the rise in the volume of enterprise data is driving data monetization in the telecom market growth.
Competitive Landscape:
Major companies operating in the data monetization in telecom market report are Intel Corporation, International Business Machines Corporation, Telefónica S.A., Oracle Corporation, Verizon Communications Inc, Google LLC, Microsoft Corporation, Cisco Systems Inc, SAP SE, Salesforce.com Inc., Capgemini SE, Infosys Limited, Atos SE, SAS Institute Inc., TIBCO Software Inc., Virtusa Corporation, NetScout Systems Inc, Domo Inc, ThoughtSpot Inc, Mahindra Comviva, Sisense Inc, Redknee Inc., 1010data Inc., Lynx Software Technologies Inc, Paxata Inc., SQLstream Inc, Adastra Corporation, Dawex Systems SAS, iConnectiva Communications Inc.
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Top Trend - Revolutionizing Data Monetization In Telecom With Advanced Cloud-Based Platforms
Major companies operating in the data monetization in telecom market are developing new products such as advanced cloud based platforms to gain a competitive edge in the market. A cloud-based platform refers to a computing infrastructure and set of services provided over the internet by a cloud service provider. For instance, in February 2023, Snowflake Computing Inc. a US-based cloud-based data warehousing company launched telecom data cloud. This platform is made to aid in the monetization of data and optimization of operational efficiency for telecom service providers. The platform breaks down data silos within organizations by combining Snowflake's data platform, partner- and Snowflake-delivered solutions, and industry-specific datasets. This enables users to securely access data in near real-time, enrich it with machine learning (ML) models, share it, and analyze it to make better decisions. It is anticipated that the Telecom Data Cloud will assist telecom service providers in maximizing operational efficiency, enabling greater client experiences more quickly, and generating revenue from new data offerings.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Data Monetization in Telecom Market Characteristics
3. Data Monetization in Telecom Market Trends And Strategies
4. Data Monetization in Telecom Market - Macro Economic Scenario
5. Data Monetization in Telecom Market Size And Growth
…..
27. Data Monetization in Telecom Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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