Wiseguyreports.Com Adds “Big Data and Analytics in Telecom– Global Market Share, Industry Analysis, Competitive Landscape And Forecast To 2026” To Its Research Database.
Pune, India - December 10, 2019 /MarketersMedia/ —
Big Data and Analytics in Telecom Market 2019-2026
Market Overview:
Big data and analytics in telecom global market will witness a surging trend in the coming years. The increased use of big data and analytics in the telecom sector is driving the expansion and growth of this market. The global market for big data and analytics in telecom is expected to register CAGR of 28.28% in the coming years. The advancement in big data analytics and the increased use of Internet of Things is driving the expansion of this market. Telecom companies generate and need to make use of large volumes of data so as to understand the usage details of the consumers.
Big data refers to the large volumes of data that the telecom companies need. This data cannot be stored directly into databases and can be structured or unstructured. Big data analytics refers to the storing, mining and analysing this big data so that it can be stored in the databases for use. Big data analytics makes use of techniques like predictive modelling and text mining to help the telecom companies use the data to enhance the customer experience.
Big data analytics provides several benefits to the telecom companies. These benefits include better decision making, get real-time insights into the big data, storing and mining data in an efficient manner, innovating business models and maximize profits for the telecom companies. These benefits for telecom companies are coercing more and more companies to adopt big data analytics and therefore driving the growth of the global market.
Major players in the global Big Data And Analytics In Telecom market include:
Couchbase Inc.
Microsoft Corp.
Google Inc.
IBM Corp.
EMC Corp.
Hewlett-Packard Co.
Splunk Inc.
Teradata Corp.
SAP AG
Cloudera, Inc.
Amazon Web Services, Inc.
Oracle Corp.
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Market Segmentation:
The global market for big data and analytics in telecom consist of a few major players as well as minor players. These key players in the market compete with each other to increase their share in the global market. The key players also continuously improve the big data analytics technologies to stay ahead in the competitive market.
The Big data and analytics in telecom market are segmented basis Organization Type or Deployment mode.
Basis Type, the market is segmented into Large Enterprises and Small and Medium Enterprises.
Basis Deployment mode, the market is segmented into On-Premises and Cloud.
Big data and analytics are applied in telecom sector so that the telecom companies can reap profits and save costs on managing data using big data analytics. A large number of telecom companies are investing large amounts of money to ensure that they formulate the most effective big data analytics strategy. In addition, these companies are also putting in efforts to employ skilled personnel so that big data analytics can be successful.
Big data and analytics in telecom sector can be divided into predictive analysis, data mining, text analysis and statistical analysis. Most telecom companies make use of a combination of these various techniques for data analytics. As of now predictive analysis holds a dominant share of the global market.
Regional Analysis:
United States, Europe, South East Asia, Asia Pacific, Middle East and Africa are the regions that contribute to the global market for big data and analytics in telecom sector.
United States remains the dominant market holder while other regions also contribute to the market in a significant manner. Asia Pacific is believed to record a higher growth rate as compared to other regions because of increased adoption of cloud-based solutions and improved communication technologies.
Industry News:
Telecom companies are losing a large amount of money, face a saturated market and also competition from the existing and new players which is making them take up big data and analytics. Telecom companies are now investing in AI analytics to improve upon the capabilities of big data analytics. The telecom sector has already invested around 36.7 billion dollars in AI related hardware and software for big data analytics.
Table of Contents:
1 Big Data And Analytics In Telecom Market Overview
2 Global Big Data And Analytics In Telecom Market Landscape by Player
3 Players Profiles
4 Global Big Data And Analytics In Telecom Production, Revenue (Value), Price Trend by Type
5 Global Big Data And Analytics In Telecom Market Analysis by Application
6 Global Big Data And Analytics In Telecom Production, Consumption, Export, Import by Region (2014-2019)
7 Global Big Data And Analytics In Telecom Production, Revenue (Value) by Region (2014-2019)
8 Big Data And Analytics In Telecom Manufacturing Analysis
Continued…..
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