Global Telecom Analytics Market to Reach USD 19.0 Billion by 2033, Propelled by the Increasing Amount of Telecom Data Present Globally

November 12, 2024 | Technology & Media

The latest report by IMARC, titled “Telecom Analytics Market Report by Component (Solution, Services), Deployment Mode (Cloud-based, On-premises), Organization Size (Large Enterprises, Small and Medium-sized Enterprises), Application (Customer Management, Network Management, Sales and Marketing Management, Risk and Compliance Management, and Others), and Region 2025-2033”, finds that the global telecom analytics market reached a value of USD 6.6 Billion in 2024. Telecom analytics refers to a business intelligence technology specially applied and packaged to cater to the multifaceted requirements of telecommunication organizations. It is used to minimize operational costs and maximize profits by increasing sales, improving risk management, and reducing fraud. It aids in communicating with customers, designing competitive packages, and configuring the network to deliver reliable services. In recent years, several telecom companies are opting for telecom analytics as it enables communication service providers (CSPs) to examine data and develop valuable insights.

Global Telecom Analytics Market Trends:

One of the primary factors driving the market is the increasing amount of telecom data present globally. Additionally, as telecom analytics are used to prevent revenue loss, enhance the quality of customer services, reduce churn, and minimize marketing and sales cost, their demand has escalated across the globe. Other than this, the rising adoption of new technologies, including Artificial Intelligence (AI) and Machine Learning (ML), is creating a positive market outlook. Besides this, the need to streamline revenue management is constantly surging, thereby propelling the market growth. Apart from this, telecom analytics assist business owners in reducing risks and making appropriate business decisions. They also provide qualitative and quantitative metrics offering objective Key Performance Indicators (KPIs) or Key Quality Performance (KQIs) measurements to various applications for business, customer, or network use cases. In line with this, key players are using technologies, such as the Internet of Things (IoT), data science, and big data, that offers customer understanding, revenue maximization, and cost-efficiency, thereby propelling the market growth. Other growth-inducing factors include developments in information technology (IT) infrastructure and increasing network attacks and online data security threats. Looking forward, IMARC Group expects the market value to reach USD 19.0 Billion by 2033, expanding at a CAGR of 14.05% during the forecast period (2025-2033).

Market Summary:

Based on the component, the market has been bifurcated into solution and services.
On the basis of the deployment mode, the market has been divided into cloud-based and on-premises.
Based on the organization site, the market has been segmented into large, and small and medium-sized enterprises.
On the basis of the application, the market has been segregated into customer management, network management, sales and marketing management, risk and compliance management, and others.
Region-wise, the market has been classified into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been analyzed, with some of the key players being 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 and TIBCO Software Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Component, Deployment Mode, Organization Size, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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 and TIBCO Software Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Telecom Analytics Market to Reach USD 19.0 Billion by 2033, Propelled by the Increasing Amount of Telecom Data Present Globally

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