AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Big Data and Analytics in Telecom market - Global outlook to 2025". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Big Data and Analytics in Telecom market to grow at a CAGR of %.
The Component, such as Software, is boosting the Big Data and Analytics in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Solution, such as Fraud Detection, is boosting the Big Data and Analytics in Telecom market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to Analyst at AMA Research, the Global Big Data and Analytics in Telecom market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Big Data Helps Improve Quality of Services by Enabling Enterprises Take Better Decision, Massive Growth of Data, Growing Use of Big Data in Identifying Fraudulent Activities in Telecom Sector and Emergence of IOT (Internet of Things). †
Big Data and Analytics in telecom used to study the large volume of data in order to process them in a way to take better decision. Telecom companies generate a huge amount of data which can be processed to know user behaviours. Though big data possess huge monetizing potential stringent regulations regarding data security limits its use. The Big Data analytics in Telecommunication is expected to grow in the market owing to growing fraudulent activities in telecom Sectors and rise in demand for Quality of Services.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Big Data and Analytics in Telecom market by Type (Predictive analytics, Data mining, Text analytics and Statistical analysis) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market