Telecom analytics is a kind of business intelligence specifically applied and packaged to fulfill the complex needs of telecommunication organizations. It is aimed at decreasing operational costs and maximizing profits by increasing sales, decreasing fraud and improving risk management. Telecom analytic solutions generally extend well beyond what standard business intelligence solutions offer for reporting and monitoring and may include complex multidimensional forecasting and analysis. It involves text analytics, data mining, forecasting and optimization, and multidimensional analyses, as well as the use of predictive and descriptive modeling. Analytics is applied to telecommunications so as to improve visibility and gain real insight into the core operations and internal processes of the organization.According to AMA, the market for Telecom Analytics is expected to register a CAGR of 32.75% during the forecast period to 2026. This growth is primarily driven by On-Going Indispensable Need for Churn Prevention, Enhanced Implications for Revenue Management and Increasing Vulnerability to Attacks and Rise in Suspicious Activities.
The Integrated Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as EMC Corporation (United States), Oracle Corporation (United States), International Business Machines Corporation (IBM) (United States), SAP SE (Germany), Microsoft Corporation (United States), Cisco Systems Inc. (United States), Accenture Plc. (Ireland), Hewlett-Packard Company (United States), Teradata Corporation (United States), Wipro Limited (India) and Nokia Corporation (Finland) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7 May 2018, Nokia has acquired SpaceTime Insight to expand its Internet of Things (IoT) portfolio and IoT analytics capabilities, and accelerate the development of new IoT applications for key vertical markets.
On 20 Feb. 2018, Nokia and StarHub have co-developed analytics services for digital cities., On 25 July 2018, IBM has teamed up with NETSCOUT to integrate the latter’s network analytics tools into its telecommunications analytics suite. and On 23 Aug 2017, Hewlett Packard Enterprise has announced Telefónica Colombia has selected HPE Telecom Analytics solutions to optimize its network infrastructure to deliver more personalized services and improve customer experiences.
- On-Going Indispensable Need for Churn Prevention
- Enhanced Implications for Revenue Management
- Increasing Vulnerability to Attacks and Rise in Suspicious Activities
- High Maintenance Requirement for Retaining Quality of Service (QOS)
- Lack of Awareness among Telecom Operators
OpportunitiesGrowing Significance of PBX in Internal Operations, Vulnerability of Mobile Devices and Supplementation of up selling Techniques to Engage Subscribers
ChallengesThe growth of Diagnosis Should Be At Par with the Threats and Identifying Attacks and Fraudulent Calls
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the ReportAMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Telecom Analytics Study Sheds Light on— The Telecom Analytics Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Telecom Analytics industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Telecom Analytics industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.