Market Analysis
Market
Research Future has published a detailed report on the global policy management
in telecom market stating that the market is set to gain a valuation of
approximately USD 1606.95 million by 2023. The CAGR is estimated to be 11%,
which is accounted to be an encouraging rate of growth in recent years.
The
policy management includes implementing rules and regulations for controlling
the complex networks and systems. It is necessary for telecom service providers
to maintain their network assets, quality of bandwidth services and maintaining
the integrity of the network, and competitive pricing model. Hence, the telecom
operators manage their policies with the help of policy management solutions.
As
observed, the low operating expenses of telecom operators and increased
adoption of tailored policy management solutions are powering the growth of
global policy management in the telecom market.
Top Factors Impacting Policy Management in Telecom Market
The
growth of the market for policy management in telecom is backed by many factors
that have impressively impacted it and encouraging the market to rise high than
in past decades.
The
upcoming deployment of cloud-based policy management systems by telecom
operators, rising revenue generation for telecom operators, and increased
implementation of integrated policy management systems by telecom operators are
some critical factors driving the market.
Furthermore,
the increasing number of telecom subscribers and maintaining profitable
operations to continue reliable services to the customers can be highly helpful
to be one of the essential growth factors for this market.
However,
strict implementation of various telecom regulations across the globe will
restrain the market growth of policy management in telecom.
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Policy Management in Telecom Market Segmentation
In the
reports by MRFR on policy management in the telecom market has stated about
all-inclusive segmentation, which is done based on components, deployment,
organization size, and network type.
By
mode of the component, the market is segmented as software and service, and it
includes managed service and professional service. The reports suggest that
managed services can also be defined as active supervision of an information
technology asset or object, by a third party MSP. The key hacks contributing to
the growth of the managed services are the rise in digital information,
security, increasing trend devices, flexibility to match customer requirements,
continuous upsurge independency over heterogeneous networks, and persistent
growth in the complexity of technological solutions.
By
mode of deployment, the market is segmented into the cloud and on-premise. Of
these, cloud solution accounts for the highest market share. The enterprises
are benefitted by minimizing the cost associated with the IT infrastructure. It
provides enterprises of data protection and security, efficiently manage
storage and privacy issues, data integrity and provides information related to
managing business activities. All these factors are increasingly supporting
overall Policy
Management in Telecom Market Size with
definite pull.
Regional Outlook
The
regional analysis of policy management in the telecom market is being studied
in the regions of Asia Pacific, America Europe and the rest of the world.
Of
these, North America holds the highest market share in policy management in
telecom market owing to the presence of significant telecom operating
providers, advanced network infrastructure and adoption of highly advanced
technologies. All these factors are boosting the demand in this region.
Asia
Pacific is expected to be growing at the highest CAGR in the policy management
in telecom market owing to the increasing subscription and increasing data
traffic. Also, there has been a noticeable increase in Smartphone users coupled
with the rising in digitalization is also contributing outwardly in boosting
the market with a promising future.
Key Players:
The
prominent players in the policy management in telecom market are – LM Ericsson
Telephone Company (Sweden), Huawei Investment & Holding Co., Ltd. (China),
Nokia Corporation (Finland), Amdocs Limited (U.S.), Oracle Corporation (U.S.),
Astea International Inc. (U.S.), Comarch Sa. (Poland), Wipro Limited (India),
Intracom Telecom (Greece), Genpact (U.S.) and others.
Industry News
Sprint
Corporation (NYSE: S) is a communications services company, announced that it
had reached a significant milestone on its path towards launching mobile 5G
service beginning in the first half of this year. Together with Nokia and
Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, the
companies recently completed the world's first over-the-air 5G data
transmission using 2.5 GHz and Massive MIMO on Sprint's live commercial network.
Telefonaktiebolaget
LM Ericsson enables communications service providers to capture the full value
of connectivity. Recently, Ericsson and Intel Corporation have begun a multi-year
collaboration to align ongoing development efforts in software-defined
infrastructure (SDI) and Intel® Rack Scale Design. The resulting
next-generation infrastructure management platform will deliver a new level of
cloudlike agility, transparency and efficiency required for Network Functions
Virtualization (NFV), distributed cloud, and 5G. Lars Mårtensson, Head of Cloud
& NFV infrastructure.
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Policy Management in Telecom Market Research Report:
Information by Technology (Hall Effect, Magneto Resistive, Variable
Reluctance), By Application (Automotive, Industrial, Aerospace & Defense,
Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle
East & Africa, and South America)—Forecast till 2030
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