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The telecom analytics market has grown exponentially in recent years. It will expand from $6.43 billion in 2023 to $8.03 billion in 2024, at a CAGR of 24.9%. This growth is attributed to the rapid increase in data traffic, growing network complexity, the need for customer insights, and improvements in risk management and fraud detection.
What Are The Forecasts For The Global Telecom Analytics Market Size And The Predicted Annual Growth Rates?
The telecom analytics market is anticipated to undergo exponential growth, reaching $18.1 billion by 2028 with a CAGR of 22.5%. This growth is attributed to improved customer experiences, heightened cybersecurity concerns, and evolving market dynamics. Key trends include technological advancements, AI and machine learning applications, cybersecurity measures, IoT analytics, and regulatory compliance.
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What Are The Major Factors Driving The Growth Of The Telecom Analytics Market?
Rising attacks and suspicious activities are expected to propel the growth of the market going forward. Telecommunications fraud concerns operators with financial and reputational losses. Telecom analytics helps prevent cyberattacks and fraudulent activities through continuous monitoring and vigilance. The increasing number of cyberattacks on telecom companies is expected to drive demand for several telecom analytics services.
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Which Major Market Players Are Propelling the Telecom Analytics Market?
Major companies operating in the telecom analytics market report are Microsoft Corporation, Dell Inc., Huawei Technologies Co Ltd., Accenture plc, International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, SAP SE, Nokia Solutions and Networks B.V., Adobe Inc., Wipro Limited, OpenText Corporation, SAS Institute Inc., Automation Anywhere Inc.
What Trends Are Shaping the Future of the Telecom Analytics Market Size?
Partnerships and collaborations are emerging as a key trend in the market. Leading companies are collaborating with others to develop flexible technological solutions, particularly around AI.
What Is the Segmentation of the Global Telecom Analytics Market?
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Customer Management, Sales And Marketing Management, Network Management, Risk And Compliance Management, Workforce Management
Regional Insights: North America’s Dominance in the Telecom Analytics Market
North America was the largest region in the telecom analytics global market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is The Definition Of The Telecom Analytics Market?
Telecom analytics refers to an intelligence methodology that enables communication service providers (CSPs) to analyze vast quantities of data and extract valuable insights. Telecom analytics assists in monitoring and managing any declines in the performance of telecommunications services.
The Telecom Analytics Global Market Report 2024 from The Business Research Company includes the following key information:
• Market size data for both historical and future periods
• Analysis of both macro and microeconomic factors that have impacted the market over the past five years
• Regional market analysis covering Asia-Pacific, China, Western Europe, Eastern Europe, North America, the USA, South America, and the Middle East and Africa
• Country-specific market analysis for Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.
Overview of the Global Telecom Analytics Market Report: Trends, Opportunities, Strategies, and More
The Telecom Analytics Global Market Report 2024 from The Business Research Company is an extensive resource that delivers insights into telecom analytics market size, telecom analytics market drivers and trends, telecom analytics global market major players, telecom analytics competitors’ revenues, telecom analytics global market positioning, and telecom analytics market growth across geographies. This report provides valuable in-depth insights into potential opportunities and strategies. Companies can utilize the information presented to target segments with the greatest growth potential.
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The Business Research Company
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