Telecom Analytics Market Size Is Estimated To Rise To USD 6.0 billion By 2023: Report by MnM

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Telecom Analytics Market Size Is Estimated To Rise To USD 6.0 Billion By 2023: Report by MarketsandMarkets™ Telecom Analytics Market According to a research report "Telecom Analytics Market by Application (Customer Management, Sales and Marketing Management, Risk and Compliance Management, Workforce management, and Network Management), Component, Deployment, Organization Size, and Region - Global Forecast to 2023" published by MarketsandMarkets, The telecom analytics market size is expected to grow from USD 3.1 billion in 2018 to USD 6.0 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 14.3% during the forecast period. The key factors driving the telecom analytics market include the growing need for churn prevention, increasing demand for streamlined and effective revenue management, and rising online attacks and suspicious activities. Browse 57 market data Tables and 37 Figures spread through 136 Pages and in-depth TOC on "Telecom Analytics Market by Application (Customer Management, Sales and Marketing Management, Risk and Compliance Management, Workforce management, and Network Management), Component, Deployment, Organization Size, and Region Global Forecast to 2023" Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=73969513 The network management segment to grow at the highest CAGR during the forecast period Network management incorporates network utilization analytics, capacity planning and management, traffic volume forecasting, call route optimization, and performance management. Telecom service providers have adopted data and analytics solutions to support better capacity planning and traffic management, achieve service assurance level, and deliver enhanced customer experience, leading to higher subscriber retention and increased revenue. The services segment to grow at a higher CAGR during the forecast period Based on components, the telecom analytics market is segmented into software and services. The services segment is expected to grow at a higher CAGR during the forecast period. Professional services and managed services help enterprises in building successful client relationships by continuously supporting them through the business tenure. Furthermore, these services benefit enterprises by maximizing resource usage, improving project execution, and streamlining business operations. The need for services, such as consulting services, would also grow, as the adoption of telecom analytics software increases. The on-premises deployment model to hold a larger market size during the forecast period


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