The latest report by IMARC Group, titled “Telecom Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028″. The global telecom analytics market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15% during 2023-2028.
Telecom analytics is a vital process through which communication service providers analyze data to gather actionable insights. These insights are instrumental in enhancing customer experience, fostering loyalty, and improving overall operational efficiency. The process encompasses various techniques such as data mining, text analytics, forecasting and optimization, as well as descriptive and predictive modeling. By leveraging these tools, telecom analytics helps reduce operational costs, maximize profits through increased sales, mitigate fraud, and facilitate effective risk management. Additionally, it enables service providers to effectively communicate with subscribers regarding their usage, spending, and purchases, and also allows for the recommendation of profitable offers during the ordering process for subscribers.
Request Your Sample Report Now: https://www.imarcgroup.com/telecom-analytics-market/requestsample
Telecom Analytics Market Trends and Drivers:
Currently, telecom companies are leveraging telecom analytics to address various challenges including reducing churn, preventing revenue loss, enhancing customer service quality, and optimizing marketing and sales costs. This, along with the growing need to streamline operations, is a key driving factor in the market. Additionally, the rising instances of data breaches and cyberattacks in networks worldwide are accelerating the demand for telecom analytics. Furthermore, leading market players are increasingly embracing advanced technologies such as artificial intelligence (AI) and machine learning (ML) platforms to mitigate risks and automate analysis processes. They are also integrating the internet of things (IoT) and big data into their analytics tools to improve customer insights and achieve cost efficiency.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Component:
- Solution
- Services
Breakup by Deployment Mode:
- Cloud-based
- On-premises
Breakup by Organization Size:
- Large Enterprises
- Small and Medium-sized Enterprises
Breakup by Application:
- Customer Management
- Network Management
- Sales and Marketing Management
- Risk and Compliance Management
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Accenture plc
- Adobe Inc.
- Cisco Systems Inc.
- Dell Technologies Inc.
- International Business Machines Corporation
- Oracle Corporation
- SAP SE
- SAS Institute
- Sisense Inc.
- Tableau Software (Salesforce.com Inc.)
- Teradata Corporation
- TIBCO Software Inc.
Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=4274&flag=C
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Contact US
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Follow us on Twitter: @imarcglobal
