Telecom Analytics Market Scope
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.
|Largest Market||North America|
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Telecom Analytics market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hewlett-Packard Co. (United States), Amazon Web Services Inc. (United States) and Couchbase Inc. (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Telecom Analytics market by Type and Region with country level break-up.
On the basis of geography, the market of Telecom Analytics has been segmented into 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). North America region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
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.
Market Growth Drivers:On-Going Indispensable Need for Churn Prevention, Enhanced Implications for Revenue Management and Increasing Vulnerability to Attacks and Rise in Suspicious Activities
Challenges:The growth of Diagnosis Should Be At Par with the Threats and Identifying Attacks and Fraudulent Calls
Restraints:High Maintenance Requirement for Retaining Quality of Service (QOS) and Lack of Awareness among Telecom Operators
Opportunities:Growing Significance of PBX in Internal Operations, Vulnerability of Mobile Devices and Supplementation of up selling Techniques to Engage Subscribers
Key Target AudienceTelecom Analytics Providers, Network Service Providers, Industry Associations, Regulatory & Government Bodies, Research & Consultancy Firms, Software Companies and Downstream Vendors