This report provides exclusive insights into the COVID-19 impact on the Telecom Analytics Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Telecom Analytics Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Telecom Analytics Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on the telecom analytics market provides an in-depth analysis of segments and
sub-segments in the global as well as regional telecom analytics market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional telecom analytics market over the short term as well
as long term. The report is a comprehensive presentation of trends, forecast
and dollar values of the global telecom analytics market. According to the report,
the global telecom analytics market is projected to grow at a CAGR of 14.5%
over the forecast period of 2019-2025.
Analytics solutions have escalated in popularity in
the global telecom industry, their drive stemming from the requirement for
data-driven decisions in an overly composite landscape. Data mining,
prescriptive modeling procedures and predictive solutions are increasing in
relevance to companies in the telecom industry. Telecom companies of all sizes
are focused on leveraging the perspective of telecom analytics to increase operational
efficiency, gather real-time intelligence, strengthen marketing offer
acceptance rate, expand risk management, and many others. An enterprise-wide
telecom analytics may be used to gain comprehensions into numerous aspects of
customer management, risk and compliance management, workforce management,
network management, and sales and marketing management.
Cumulative demand for effective revenue management and a mounting need for churn prevention are some of the significant factors pouring
the growth of the telecom analytics market. Furthermore, the increasing attacks
and suspicious activities are also driving the market growth. Additionally, the
increasing use of descriptive and diagnostic analytics to augment business
functions is projected to boost the telecom analytics market growth. Nevertheless,
the lack of awareness of telecom analytics among telecom operators is anticipated
to restrain market growth. In addition, the consequence of Private Branch
Exchange (PBX) in internal operations, vulnerability of mobile devices, and usage
of the customer and network data analytics to develop the targeted upselling
strategy for effective subscriber engagement are anticipated to create lucrative opportunities to the telecom analytics market.
In order to ensure business steadiness amidst the
COVID-19 pandemic, business organizations, particularly in highly affected
countries are permitting their employees to work from home. The upsurge in
people working from home has led to an increase in demand for online video
viewing, downloading, and communication over video conferencing, all of which
are leading to augmented network traffic and data usage. The COVID-19 outbreak shall
accelerate the demand for agile and flexible work styles and further impulse
the adoption of communication services that tend to advance work-life balance.
On the other hand, telecom regulators across the world have postponed their
plans of 5G spectrum auction amidst the global epidemic. This is anticipated to
have an influence on the commercialization of commercial 5G standalone
deployments and revenue generated through 5G services.
Among the geographies, North America region is
expected to hold the largest share in the global telecom analytics market owing
to the presence of a large number of solution vendors in the United States. Further,
the demand for technology in numerous industries is anticipated to drive the
telecom analytics market at a faster pace in the North American region.
However, the Asia Pacific region is expected to witness significant growth
during the forecast period owing to the increasing technology expenditure in
major countries, such as Japan, China, and India and growing demand for
cost-effective analytical software and services by Small and Medium-sized
The report on the global telecom analytics market covers
segments such as component, application, and deployment mode. On the basis of
component, the sub-markets include software, and services. On the basis of application,
the sub-markets include sales and marketing management, customer management,
risk and compliance management, network management, workforce management, and
other applications. On the basis of deployment mode, the sub-markets include
on-premise, and cloud.
The report provides profiles of the companies in the market
such as International Business Machine Corporation, SAP SE, Cisco Systems Inc.,
TIBCO Software, Inc., SAS Institute, Adobe Inc., Panorama Software, Alteryx,
Sisense, Oracle Corporation, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of telecom
analytics market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.