Telecom Analytics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Bharat Book Bureau Provides the Trending Market Research Report on Telecom Analytics
Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)"under Telecom
Market Analysis section. The report offers a collection of superior market research, market
analysis, competitive intelligence and industry reports.
The Telecom Analytics market was valued at USD 4.12 billion in 2020 and is expected to
reach USD 22.52 billion by 2026, at a CAGR of 32.75% over the forecast period 2021 - 2026.
The need for reducing churn is more than ever important, as the competition is increasing
with the incidence of new entrants, who provide lucrative deals that are generally
inexpensive than that of the incumbents.
- The telecom analytics market combines many sophisticated business intelligence (BI)
technologies, which satisfy the complex demands of the telecom industry. These include
developing sales, reducing churn and deception, enhancing risk management, and
decreasing operational costs.
- Telecom analytics service is expected to be hosted majorly on the cloud, because of a large
number of mobile users in every region. Cloud hosting is also set to expand further, as more
CSPs are adopting this, due to the expanding consumer base.
- Due to the proliferation of smart devices and increasing use of IP networks, the telecom
industry is experiencing a resurgence of communications fraud. As attacks can come from
any source at any moment, frauds have emerged as the most troublesome problem for the
telecom market, demanding security.
- Owing to this, authorities are initiating regulations for the telecoms sector safety. In India,
the Telecom Regulatory Authority of India has issued stringent rules and penalties for failing
to meet the voice quality benchmark. It is expected to increase the demand for network
analytics solutions in the country.
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