Global Telecom Analytics Market: An Overview
Analytics solutions have risen in popularity in the
worldwide telecom industry, their drive stemming from the need for data-driven
decisions in an overly complex landscape. Data mining, prescriptive modelling techniques,
and predictive solutions are growing in relevance to companies in the telecom
industry. Telecom companies of all sizes are focused on leveraging the
potential of telecom analytics to improve operational efficiency, gather
real-time intelligence, bolster marketing offer acceptance rate, improve risk
management, and the like. An enterprise-wide telecom analytics may be used to
gain insights into various facets of customer management, risk and compliance
management, workforce management, network management, and sales and marketing
management.
Telecom analytics solutions typically serve the needs of
complex business intelligence of businesses in the sector. They do so by
offering better visibility into the core operations of telecommunication
companies, their internal processes, and market conditions, and customer churn
rates.
The report on the global
telecom analytics market offers a critical insight into the prevailing
regulatory landscape, major product development initiatives, and promising
avenues in various segments. The study helps the stakeholders to track the
fast-paced dynamics of the market and helps industry participants to identify
cutting-edge solutions in the global telecom analytics market.
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Global Telecom Analytics Market: Key Growth Dynamics
Artificial intelligence (AI) and machine learning
technologies have made big strides in the telecom sector. The evolving
ecosystem of the global telecom industry is increasingly prone to business
risks that broadly fall under issues related to model overhaul, regulations,
and privacy. Telecom analytics have come to occupy a significant position in
business intelligence for combating large numbers of these challenges. The growing
deployment of telecom analytics to reduce churn and improve customer loyalty is
a key factor driving the telecom analytics market. Telecom analytics also holds
potential in formulating strategies related to cross-sell and up-sell products
and service plans, thus helping companies in the sector to extract value from
network assets. Moreover, telecom analytics are also being
leveraged to build better investor relations and discover new routes of
innovation.
Over the past few years, the telecom industry is reeling
under the paucity of robust revenue management models. This is driving the
demand for telecom analytics. The growing use of descriptive and diagnostic
analytics to optimize business functions is a key factor bolstering the
expansion of the market. Growing instances of online data leaks and mounting
risk of network assets are catalyzing the demand for telecom analytics
solutions and services.
Global Telecom Analytics Market: Regional Outlook
The study offers in-depth insights into lucrative avenues in
various regions and takes a closer look at the key factors that underpin
revenue potential of emerging markets in the global telecom analytics market.
Some of the key regions analyzed in the study are North America, Asia Pacific,
Europe, the Middle East and Africa, and Latin America. Of the various key
regions, North America has vast revenue generating potential. The prominence of
the regional market can be attributed to the presence of large numbers of
vendors notably in the U.S. On the other hand, in Asia pacific burgeoning
expenditure on the telecom industry in developing regions will make the
regional demand increasingly lucrative.
Global Telecom Analytics Market: Competitive Dynamics
Several key players in the global telecom analytics market
are in constant efforts to bring product advancements. A few prominent
companies are entering into collaborations, and are also expanding their
footprints in developing regions to consolidate their positions in the market.
Prominent names in the global telecom analytics market are Adobe, Teradata,
Cisco Systems, Inc., SAS Institute, Oracle, and SAP.
This study by TMR is all-encompassing framework of the
dynamics of the market. It mainly comprises critical assessment of consumers'
or customers' journeys, current and emerging avenues, and strategic framework
to enable CXOs take effective decisions.
Our key underpinning
is the 4-Quadrant Framework EIRS that offers detailed visualization of four
elements:
- Customer Experience
Maps
- Insights
and Tools based on data-driven research
- Actionable Results
to meet all the business priorities
- Strategic
Frameworks to boost the growth journey
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The study strives to evaluate the current and future growth
prospects, untapped avenues, factors shaping their revenue potential, and
demand and consumption patterns in the global market by breaking it into
region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The
Middle East and Africa
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