Global Policy Management In Telecom Market Projected To Augment At A CAGR Of Over 11.5% During 2019–2025

As per analysts at Zion Market Research, the global policy management in the telecom market is anticipated to attain USD 1,757.1 million by the end of 2025 and grow at a CAGR of around 11.5% during the forecasted period 2019–2025. Telecommunications policy management is utilized to protect all telecommunications operators’ very important guidelines that maintain the reliability of a network and its possessions, enabling networks to provide unique pricing models. It is easy to decrease the cost of hardware and capital expenses by integrating a cloud-based service into planned leadership in telecommunications administration, which is a valued attribute for telecommunications operators.

Some of the leading companies in the market are CSG International; Netcracker; Openet; Optiva, Inc.; Cisco Systems, Inc.; ZTE Corporation; Telefonaktiebolaget LM Ericsson; AsiaInfo Technology Holdings Co., Ltd.; Nokia; Huawei Technologies Co., Ltd.; AMDOCS; Oracle; Cerillion Technologies Limited; FTS-Formula Telecom Solutions Ltd.; Comarch SA.; Genpact; STL tech; Astea International Inc.; Intracom Telecom; and Wipro Limited.

Increased Use Of Cloud-Based Policy Management Systems To Boost The Global Policy Management In Telecom Market

The augmenting deployment of cloud-based policy management systems in the telecom sector, increasing revenue generation for telecom operators, and surged implementation of incorporated policy administration systems by telecom operators are the major drivers developing the market. Another aspect responsible for the expansion of the market is mounting demand and execution of IT (Information Technology) services globally. The high capital expenditure, variations in administrative policies and growing competition amongst industry contenders act as a restraint factor for the market.

The global policy management in telecom market is bifurcated on the basis of network, deployment, application, component, organization size, vertical, and regional analysis. Based on the network, the market is divided into fixed and wireless network. Based on the component, the market is divided into solutions and services. The solution segment is subdivided into primary storage, cloud storage gateway, data archiving, and backup storage & disaster recovery. The services segment is subdivided into managed services, professional services, training & consulting, cloud integration & migration, and support & maintenance. Based on the deployment, the market is divided into cloud and on-premise. Based on the application, the market is divided into information technology enabled service, telecommunication, and others. Based on the vertical, the market is divided into BFSI, transportation & logistics, consumer goods & retail, education, manufacturing, travel & hospitality, healthcare & life sciences, telecommunication & IT, government & public sector, and others. Based on the organization size, the market is divided into small & mid-sized businesses and large companies.

The North America Region Expected To Witness Major Market Share During The Forecasted Period

Based on geographical analysis, the global policy management in telecom market is divided into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. The North America region contributes to the highest market share in the global policy management in telecom market due to the existence of leading players across the region. The region has prominent telecom solution suppliers and advanced network infrastructure. The implementation of highly advanced technologies is a significant factor in boosting the market in the region.

Browse the full “Policy Management in Telecom Market - By Components (Services and Solutions), By Network (Fixed and Wireless), and By Deployment (Residential and Commercial): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/policy-management-telecom-market

The global policy management in telecom market is segmented as follows:

By network:

• Wireless Network
• Fixed Network

By component:

• Solutions
  • Backup storage & disaster recovery
  • Cloud storage gateway
  • Primary storage
  • Data archiving
• Services
  • Cloud integration & migration
  • Professional Services
  • Managed Services
  • Training & consulting
  • Support & maintenance

By deployment:

• Cloud
• On-premise

By application:

• Information Technology Enabled Service
• Telecommunication
• Others

By vertical:

• BFSI
• Transportation & Logistics
• Education
• Manufacturing
• Consumer Goods & Retail
• Healthcare & Life Sciences
• Telecommunication & IT
• Travel & Hospitality
• Government & Public Sector
• Others

By organization size:

• Small & Mid-sized Businesses
• Large Companies

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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