Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. North America is the leading region across the world in terms of market share owing to the growing technological advancements as well as presence of leading market players in the region. The key regions considered for the global Telecom Analytics Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. However, a lack of awareness towards analytics solutions among telecom operators impedes the growth of the market over the forecast period of 2022-2028. and increasing competitiveness among telecom operators are anticipated to act as a catalyzing factor for the market demand during the forecast period. Also, growing emergence of advanced technologies such IoT, big data etc. collaborated with South Korean mobile network operator and Subsidiary of LG Corporation named LG Uplus to build real-time big data analytics Platform. Moreover, in August 2021, Paul Aalto, USA based enterprise data cloud company Cloudera, Inc. This new system would be comprised of two parts: an integrated data platform called Nucleus, which would use hybrid cloud technology and a distribution engine called Dynamo, which would pull data from various sources and push key information insights back to end points for further use. (Google Cloud) to collaborate on development of a new analytics system. Furthermore, leading market players are working towards various strategic initiatives including collaboration and partnerships to leverage the growing demand for telecom analytics solutions.įor instance, in May 2021, Vodafone Group announced a six-year partnership deal Google, Inc. Request To Download Sample of This Strategic Report:- įor instance, according to Statista – during 2020, the global big data market was valued at USD 56 billion, and it is projected to grow to USD 103 billion by 2027. The growing penetration of big data & analytics services and rising concern over data security and customer churn coupled with recent strategic initiatives from leading market players are factors that are accelerating the global market demand. These insights help telecom companies in enhancing customer experience, loyalty, and sales volume, as well as are effective in enhancing operational efficiencies. Telecommunication companies can utilize the telecom analytics solutions to analyze their vast data base and can use this data to draw actionable insights. The Telecom Analytics can be defined as a type of business intelligence specifically tailored for the complex needs of telecommunication organizations. It serves as an excellent resource for investors, researchers, consultants, marketing strategists, and anyone planning to enter the market in any capacity. The report encompasses competitor and regional analysis, as well as the latest developments in the market. The latest report published by Report Ocean, titled “ Telecom Analytics : Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023 to 2031,” offers a comprehensive assessment of the industry, including valuable insights into market trends.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |