Market Synopsis:
Policy management in the telecom industry refers to decision making regarding services provided and its enforcement. Increasing demand for services has led to a rise in adoption of policy management solutions. In the latest analysis presented by Market Research Future (MRFR), it has been observed that the global policy management in telecom market is expected to earn revenues worth USD 1,606.95 Mn by 2023. The study further asserts that the market is poised to thrive at 11% CAGR over the forecast period 2017 to 2023.
Robust competitiveness in the market has intensified the demand for standard policy management procedures to gain an edge over competitors. Also, the growth of the telecom industry, coupled with exponentially rising number of subscribers, is anticipated to catapult the policy management in telecom industry on upward trajectory.
The favorable laws being implemented to promote digitization is expected to accelerate revenue creation in the global market across the review period. In addition, the rising penetration of smartphones has unleashed growth opportunities for the expansion of the policy management in telecom market. The evolution of services from 2G to 4G has been driving market growth in recent years. By 2020, 5G is projected to be commercialized globally, which is further presumed to catalyze growth rate of the policy management in telecom market during the evaluation period.
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Competitive Dashboard:
LM Ericsson Telephone Company (Sweden), Nokia Corporation (Finland), Huawei Investment & Holding Co., Ltd. (China), Amdocs Limited (U.S.), Astea International Inc. (U.S.), Oracle Corporation (U.S.), Comarch Sa. (Poland), Intracom Telecom (Greece), Wipro Limited (India), and Genpact (U.S.) are some of the few major players of the global policy management in telecom market. Key players are assessed to leverage competitive pricing for strengthening their positions in the global market place. Rising investments in technological innovations are likely to increase which is poised to boost competition in the policy management in telecom market over the next couple of years. Growth strategies such as collaborations with end-users and mergers & acquisitions are anticipated to dictate the competitive landscape of the market in the years to come. Few of the other strategies expected to be witnessed among the competitors are partnerships, product portfolio development, agreements, etc. An influx of new players is also predicted during the assessment period. The market is characterized by the consolidation of regional as well as international players.
Market Segmentation:
The global Policy Management in Telecom Market, by component, has been segmented into solution and service. The sub-segments of the service segment include professional services and managed services.
On the basis of network type, the policy management in telecom market has been bifurcated into fixed and mobile.
Cloud and on-premise are the two segments of the global policy management in telecom market based on deployment.
The segments of the policy management in telecom market, on the basis of organization size, identified in this report are small & medium organization and large organization.
Regional Analysis:
The regional study of the global policy management in telecom market is covered in this MRFR report based on region and country-level. Prime regional segments identified in this report are Europe, Asia Pacific (APAC), North America, and the Rest of the World (RoW). North America is poised to dictate the growth trajectory of the global market owing to the presence of an advanced network infrastructure. Also, a considerable fraction of the leading service providers are based out of the region. This, in turn, is projected to benefit the growth trajectory of the policy management in telecom market over the next couple of years. Technological developments are expected to play a crucial role in the expansion of the regional market in the forthcoming years.
LIST OF TABLES
TABLE 1 POLICY MANAGEMENT IN TELECOM MARKET, BY COMPONENT
TABLE 2 POLICY MANAGEMENT IN TELECOM MARKET, BY NETWORK TYPE
TABLE 3 POLICY MANAGEMENT IN TELECOM MARKET, BY DEPLOYMENT
TABLE 4 POLICY MANAGEMENT IN TELECOM MARKET, BY ORGANIZATION SIZE
TABLE 5 POLICY MANAGEMENT IN TELECOM MARKET, BY REGION
Continued…….
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LIST OF TABLES
TABLE 1 POLICY MANAGEMENT IN TELECOM MARKET, BY COMPONENT
TABLE 2 POLICY MANAGEMENT IN TELECOM MARKET, BY NETWORK TYPE
TABLE 3 POLICY MANAGEMENT IN TELECOM MARKET, BY DEPLOYMENT
TABLE 4 POLICY MANAGEMENT IN TELECOM MARKET, BY ORGANIZATION SIZE
TABLE 5 POLICY MANAGEMENT IN TELECOM MARKET, BY REGION
Continued…….
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