Telecom Analytics Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024
Sarasota, FL -- (SBWire) -- 10/11/2017 --Telecom Analytics Market: Overview
Telecom analytics can be stated as a compendium of Business Intelligence (BI) technologies accumulated in a single wide-ranging set to attend to the intricate necessities of telecom operators and enterprises. Currently, the role of business intelligence has evolved from only just reporting and submission of a dashboard to highly developed capabilities from multi-dimensional analysis and ad hoc querying analysis with the help of systematic analytics and other intelligent devices. With the addition of analytics in the communication sector, one can simply get imminent into the core operations relating to the industry all along with insights into different internal operations.
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It also aids in identifying the present position of the company with respect to market opposition by identification of advanced trends and anticipated parameters. In the coming future, solutions in the global telecom analytics market would change to execute functionalities, for instance, video optimization amongst different others and deep packet inspection.
Telecom Analytics Market: Growth Factors
The telecom analytics market is fueled by several factors such as mounting deception activities to avert from consumer churn, and improvement of revenue administration. On the other hand, this market faces several drawbacks, for example, lack of knowledge about telecom analytics, privacy issues, and high protection costs. Telecom analytics serves several functions such as; marketing management, customer management, sales & distribution, network management, and other support functions like optimization, MIS, continuous monitoring and so on.
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Telecom Analytics Market: Segmentation
The global telecom analytics market is divided based on application (network analytics, market analytics, service analytics customer analytics, and price analytics), deployment (on-premise, cloud) and geography. In the past year, the defense and military sector accounted to control the global telecom analytics market. On the other hand, this end-use section is anticipated to lose its magnetism to the telecom and IT sector in the coming few years. These prosperous industries are anticipated to integrate an augmented number of text analytics solutions for attaining enhancement in visibility in the current market trends, core operation and internal processes. The world is currently on the edge of a digital revolution, and the IT and telecom sectors, which comprise of the core competencies facilitating digitization, will experience vast global development in the coming years, and will need efficient text analytics solutions at a quick pace.
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Telecom Analytics Market: Regional Analysis
The main developed regions such as Europe and North America are equally significant for the text analytics market due to the technically highly developed industrial infrastructures, huge numbers of social media followers, and rapid development of digital platforms such as social media marketing and e-Commerce. These factors are anticipated to allow both of these regions for offering attractive growth prospects for the global text analytics market in the coming years. Even though North America is currently the leading region in terms of market evaluation among these two key regions, it is anticipated to experience tough fight from Europe in terms of the rate for expansion of the market.
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Telecom Analytics Market: Competitive players
The key players of the global telecom analytics market are EMC Corporation, Oracle Corporation, IBM Corporation, Sap AG, Microsoft Corporation, Cisco Systems Inc., Accenture Plc., Hewlett-Packard Company, Teradata Corporation, and Wipro Limited.
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