The telecom analytics market will witness a healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 29.01%, the market is projected to reach US$11,300 million by 2023. The growing awareness about telecom analytics benefits is expected to support the market growth along with proliferation of customer analytics. As predicted by analysts, high initial investments will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by high demand across industry verticals and advancements in technology.
The slow penetration of the technology on the other hand will challenge business intelligence sector based organizations functioning in the global telecom analytics market. Analysts have split the market into analytics type, component, and deployment models segments based on products and services. Business intelligence based companies have been profiled. High deployment costs is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Analysts have studied the strategy of business intelligence segment based organizations to help new entrants and established businesses. The business intelligence sector itself is supported by the increasing cloud-based solutions as well as the rapidly growing population. During the forecast period 2018 to 2023, the telecom analytics market is set to witness a health growth across analytics type, component, and deployment models segments as well as regional markets.
The business intelligence sector has seen growth across analytics type, component, and deployment models segments owing to the surging usage across different industries and the growing urbanization. To study the market, analysts have further segmented analytics type, component, and deployment models into customer analytics, location analytics, network analytics, price analytics, service analytic, subscriber analytics, and others on the basis of analytics type. The market is further segmented into component sub segment which is split into solutions and services. Additionally, the telecom analytics market on the basis of deployment models is segmented into on premise and cloud-based.
The segmental analysis presented in the report provides business intelligence field based organizations insights into key growth factors such as the rising industrialization as well as challenges such as demand and supply gaps the market will face from 2018 to 2023. Increasing awareness levels and the growth of communication channels are some of the key factors having an influence on business intelligence industry based companies, suggest analysts as per the telecom analytics market report. But the report also identifies an underdeveloped infrastructure and the unavailability of professional services as major threats companies in business intelligence will face till 2023.
Business intelligence market based companies in the telecom analytics market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. Technological advancements will be a key growth driver for regional markets. However, low research and development budgets will turn out to be a threat. For the forecast period 2018 to 2023 each of these regional markets are studied in the report. Starting from North America, the regional market and business intelligence vertical based companies are spread across the United States, Canada, and Mexico. The increasing demand for highly skilled professionals will turn out to be a major challenge from 2018 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by a rise in the disposable income as well as favorable government policies, suggests the report. Similarly, the business intelligence sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the telecom analytics market covers the Middle East and Africa. Forecast based on the report’s findings are presented for the forecast period till 2023.
The global telecom analytics market research report brings a comprehensive study of analytics type, component, and deployment models market segments, regional analysis, and business intelligence vertical based company details of key players. As the forecast period 2018 to 2023 will bring new opportunities for the market owing to the availability of many untapped opportunities and the presence of effective communication, the market is set to grow at a compound annual growth rate of 29.01% and is predicted to reach a value of US$11,300 million by 2023. With SWOT analysis of business intelligence sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the shifting preference for cheaper alternatives and problems related to supply chain, companies in the business intelligence sector can change the way business is done.
Momentum Telecom, a leading global provider of cloud voice and communications solutions, reported today that the acquisition of Altus Technology, a leading provider of cloud-located unified communications solutions based in Nashville, Tennessee, has been completed. Momentum's expansion plan continues with the purchase of Altus Technology, which extends the company's current UCaaS and regulated network products and presence. Momentum's customer-first strategy aligns with Altus' track record of supplying customers with exceptionally sensitive service and a white-glove customer experience.