What Has Been the Growth Trajectory for the Telecom Analytics Market in Recent Years?
The telecom analytics market has seen considerable growth due to a variety of factors.
• The size of the telecom analytics market has seen exponential growth in recent years. Its value is projected to expand from $7.87 billion in 2024 to $9.74 billion in 2025, with a compound annual growth rate (CAGR) of 23.7%.
The historical growth can be understood as the outcome of factors such as a rapid increase in data traffic, rising complexity of networks, the need for a deeper understanding of customers, as well as risk management and fraud detection.
What Is The Projected Growth Of The Telecom Analytics Market?
The telecom analytics market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated to experience prodigious growth in the forthcoming years, the telecom analytics market is projected to inflate to a size of $22.16 billion by 2029, with a Compound Annual Growth Rate (CAGR) standing at 22.8%.
The estimated expansion within the prediction period can be traced back to factors such as an improved customer experience, a heightened emphasis on cybersecurity, competitive pressures, and market movements. Key trends likely to surface during this period encapsulate technological progression, the integration of AI and machine learning, cybersecurity and fraud prevention measures, IoT analytics, and regulatory compliance.
Which Factors Are Boosting Growth In The Telecom Analytics Market?
The escalating incidents of attacks and dubious activities are predicted to fuel the expansion of the telecom analytics market in the future. Telecom service providers are becoming increasingly concerned about fraudulent acts that lead to financial and reputation damage. Telecom analytics aid in thwarting such cyber threats and fraudulent activities by ensuring persistent surveillance. The surge in cyberattacks on telecom firms is anticipated to spur the demand for various telecom analytics services. For example, Lumen, a telecommunications firm based in the US, reported in 2022 that the instances of distributed denial of service (DDoS) attacks on telecom companies rose by 32% from the previous year. Additionally, the telecom industry saw the top 500 DDoS attacks accounting for 76% of the total. Hence, the rising number of attacks and questionable activities will be a significant driver for the growth of the telecom analytics market.
What Are The Principal Market Segments In The Global Telecom Analytics Healthcare Industry?
The telecom analytics market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Size: Large Enterprises, SMEs
4) By Application: Customer Management, Sales And marketing Management, Network Management, Risk And Compliance Management, Workforce Management
Subsegments:
1) By Solution: Customer Analytics Solutions, Network Analytics Solutions, Operational Analytics Solutions, Revenue Assurance And Fraud Management Solutions, Predictive Analytics Solutions
2) By Services: Consulting Services, Implementation Services, Managed Services, Support And Maintenance Services
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Which Emerging Market Trends Are Altering The Telecom Analytics Market?
The growing trend of partnerships and collaborations is becoming increasingly noticeable in the telecom analytics market. Key players in this sector are concentrating their efforts on forming partnerships and collaborations with other businesses to create novel technology solutions that can be applied to other key areas, thereby promoting the growth of technologies such as artificial intelligence. For example, in August 2022, Jio Platforms, a telecommunications company from India, formed a partnership with Subex, an India-based software firm that offers telecom analytics solutions. Through this partnership, Jio Platforms is able to offer its cloud-native 5G core to global telecom companies, supplemented by Subex HyperSense AI, which supports closed-loop network automation, product performance, and customer experience analytics. The HyperSense AI from Subex is a comprehensive data analytics and AI platform created to facilitate and enhance the adoption of AI across enterprises.
Who Are the Key Players in the Telecom Analytics Market?
Major companies operating in the telecom analytics market include:
• Microsoft Corporation
• Dell Inc.
• Huawei Technologies Co Ltd.
• Accenture plc
• International Business Machines Corporation
• Cisco Systems Inc.
• Oracle Corporation
• SAP SE
• Nokia Solutions and Networks B.V.
• Adobe Inc.
• Wipro Limited
• OpenText Corporation
• SAS Institute Inc.
• Automation Anywhere Inc.
• Micro Focus International plc
• Teradata Corporation
• Tableau Software Inc.
• TIBCO Software Inc.
• Alteryx Inc.
• Tredence Analytics Solutions Pvt Ltd.
• MicroStrategy Incorporated
• iMocha Inc.
• Sisense Ltd.
• RapidSOS Inc.
• Panorama Software Inc.
• Zeotap GmbH
• SQream Technologies Ltd.
• Quantifind Inc.
• InfoFaces Inc.
• H2O.ai Inc.
• Intracom Telecom S.A.
• QlikTech International AB
• Safe Security Inc.
• Affirmed Networks Inc.
What are the Regional Insights into the Telecom Analytics Market?
North America was the largest region in the telecom analytics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
