ID: MRFR/ICT/4824-CR | 109 Pages | Author: Ankit Gupta | July 2018
The CSP network analytics market Size USD 4.52 Billion can thrive at remarkable CAGR 16.28% from 2020 to 2030.
2020 to 2030
Market Research Future (MRFR) presumes the Global CSP Network Analytics Market to surpass a valuation of USD 4.52 Billion from 2020 to 2030 (forecast period). As the world enters the zettabyte era, digital networks are becoming more dynamic and complex, posing new challenges for communication service providers (CSP). Network analytics is seen as a significant tool to address many of these new-age problems in the communications field. Despite increasing data traffic, revenue per user continues to decline; it is, therefore, important for CSPs to analyze network viability in order to minimize costs and streamline operations. In addition to strategies such as innovation, M&A, and better service, CSPs are focusing on network analytics to achieve long-term sustainability. CSP network analytics allows telecom companies to analyze network data and statistics, enabling them to recognize trends and patterns of communication.
The industry is expected to undergo a small decline as a result of the worldwide outbreak of a novel coronavirus pandemic. Manufacturing activities are at a halt due to labor shortages. This led to a significant decline in demand from the end-use industries.
Increasing adoption of CSP network analytics
The increased penetration of the Internet has raised the demand for mobile apps, generating new opportunities for growth in the industry. It has been estimated that almost 45% of the world's population had access to the Internet in 2016. CSP network analytics allows the simplification of massive data and complex network infrastructure. In recent times, there has been a tendency towards automation and virtualization, which has had a positive impact on the revenue creation for market participants. Mobile operators emphasize the creation of automated solutions for improved operational efficiency and customer satisfaction. For example, many mobile operators have introduced their chatbots or digital assistants for commercial applications. In addition, technical developments incorporated into telecommunications networks such as LTE, WiMax, and HSPA have improved web traffic and generated a need to adopt CSP network analytics.
High adoption of next-generation technologies in the current network infrastructure
Increased demand for quality of experience (QoE) coupled with increased competition in the telecommunications sector has accelerated the adoption of CSP network analytics by network operators to gain a competitive advantage. The study shows that the need to adopt next-generation technologies in the current network infrastructure will thrive over the next few years, generating major growth opportunities for the CSP network analytics industry.
Increasing demand for mobile phones
The increase in demand for and availability of mobile phones gives rise to opportunities for companies operating in the CSP network analytics industry. The strategies devised and implemented by key players to gain momentum and improve their business footholds favor the market proliferation and are likely to continue over the next few years.
Global CSP Network Analytics Market has been segmented into Components, Deployment, Organization Size, and End-User.
By component, the global CSP network analytics market has been segmented into software and services.
By deployment, the global CSP network analytics market has been segmented into on-cloud and on-premise.
By organization size, the global CSP network analytics market has been segmented into large enterprises and small & medium enterprises.
By end-user, the global CSP network analytics market has been segmented into mobile operators and fixed operators.
North America to dominate the global market
North America held the largest market share of the global CSP network analytics market in 2019. With the largest number of technological innovators and market disruptors present in this region, the adoption of the CSP network analytics is the highest in this region. Several companies in this region are focused on improving customer experience and offering their customers customized plans.
APAC to witness a highest growth rate
The Asia Pacific region is projected to experience the highest growth rate due to a growing customer base and Internet usage penetration. The market consists mainly of suppliers of telecommunications equipment, along with a few vendors specializing in telecommunications network products. While several markets in Europe and the Middle East have reached saturation in terms of telecommunications revenues, African and Asian countries are increasing rapidly and are continuing to penetrate the market, and these network analytics will prove to be of the utmost use for telecommunications operators in the management of their towers, bandwidth, and coverage.
The companies compete in the market sphere by attracting clients across regions from telecom operators to stay ahead in the competitive environment.
This study forecasts revenue growth at global, regional, and country levels and provides insight into the latest developments in each sub-sector from 2017 to 2023. For this study, MRFR divided the global CSP network analytics market report by component, deployment, organization size, end-users, and region.
By Organization Size
|Market Size||USD 4.52 Billion (2020-2030)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Component, By Organization Size, Deployment|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Accenture Plc, Nokia Corporation, Allot Communication, Juniper Networks Inc, Cisco Systems Inc., SAS Institute Inc, IBM Corporation, Tibco Software, Sandvine Corporation, Broadcom Limited|
|Key Market Opportunities||
|Key Market Drivers||The increase in number of mobile operators and adoption of cloud technology can bolster the growth of the global market of CSP network analytics market.|
The CSP network analytics market can thrive at remarkable CAGR from 2020 to 2030.
The CSP network analytics market can attain a substantial value in the study period.
Tibco Software, IBM Corporation, Broadcom Limited, and Sandvine Corporation are some reputed companies in the CSP network analytics market.
The increase in number of mobile operators and adoption of cloud technology can bolster the growth of the global market of CSP network analytics market.
MRFR findings reveals that the North America CSP network analytics market can attain substantial valuation in the evaluation period.
A SWOT analysis of the CSP network analytics market is detailed in the report offered by MRFR.
Key Questions Answered
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