Market Synopsis
The policy management in telecom market is presumed to garner USD 1,606.95 million during the forecast period (2017-2023). The market is anticipated to register 11 % CAGR owing to the increasing number of smartphone users, asserts Market Research Future (MRFR). Policy management can be referred to as the process of communicating, creating, and maintaining procedures and policies within an organization. Policy management comprises enforcing rules in order to control the complex systems and networks. Telecom service providers require to maintain network assets and quality of bandwidth services. Thus, the operators manage their policies through policy management solutions.
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Competitive Dashboard
The noteworthy players operating the global market are Huawei Investment & Holding Co. Ltd. (China), Nokia Corporation (Finland), Intracom Telecom (Greece), Amdocs Limited (U.S.), Astea International Inc. (U.S.), LM Ericsson Telephone Company (Sweden), Oracle Corporation (U.S.), Comarch Sa. (Poland), Wipro Limited (India), Genpact (U.S.), and others.
Drivers and Constraints Impacting the Market
The increase in operational and capital costs of the telecom service providers have resulted in the adoption of policy management solutions in the telecom sector. With the increasing subscribers along with growing traffic, increase in digitization, and rising smartphone users, the global market is likely to stimulate during the assessment period. Moreover, low operating expenses of the telecom operators are likely to trigger the demand for policy management in telecom market. Cloud-based services play an important role in the telecom sector and help reduce capital expenditure and hardware cost, thereby benefiting the telecom providers.
On the flip side, strict implementations of telecom regulations across the world are considered to be of the major factors impeding the market growth during the review period. Additionally, high capital expenditure along with changing government policies are likely to hinder the market growth.
Segmental Analysis
The Policy Management in Telecom Market has been segmented on the basis of deployment, component, organization size, network type, and region.
By mode of component, the policy management in telecom market has been segmented into service and software. Among these, the service segment comprises professional service and managed service. The solutions segment is presumed to expand at a high rate owing to the rise in strict telecom mandates, overcoming data traffic limits, continued growth of the subscribers, and setting marketing-oriented policy along with charging rules.
By mode of deployment, the global market has been segmented into on-premise and cloud. Among these, the cloud solution accounts for the highest market share and is presumed to maintain its dominance over the review period. Cloud solutions help enterprises by reducing cost associated with IT infrastructure. It also enables enterprise to focus on the core business competencies and offer them with data security and protection.
By mode of network type, the market has been segmented into mobile and fixed. Among these, the fixed networks offer ultra-fast broadband services to the customers.
By mode of organization size, the market has been segmented into large organization and small and medium organization.
Regional Insights
Geographically, the policy management in telecom market span across regions namely, America, Asia Pacific, Europe, and Rest-of-the-World (RoW).
Among all the regions, North America is presumed to hold the largest market share due to the presence of major players in this region. The region also comprises major telecom service providers, adoption of advanced technologies, and advanced network infrastructure. Moreover, the United States and Canada contributes a large revenue in this region, which drives the market.
The Asia Pacific region is considered to expand at the highest CAGR and is presumed to maintain its dominance during the assessment period. The growth is attributed to the growing subscribers and increasing data traffic in this region. Also, with rising digitization and increasing smartphone users, the market is likely to stimulate.
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Industry Updates
October 29, 2018: Israel’s Communications Ministry is planning to approve the structural changes in the country’s largest telecommunications firm which is set out as part of a strategy to boost the sagging growth. The ministry is having discussions with the management of Bezeq Israeli Telecommunication Corp. about the company’s plan to consolidate its operating units into two divisions in place of four.
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH TYPE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
Continued…..
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 FIGURES
FIGURE 1 RESEARCH COMPONENT
FIGURE 2 POLICY MANAGEMENT IN TELECOM MARKET: BY COMPONENT (%)
FIGURE 3 POLICY MANAGEMENT IN TELECOM MARKET: BY NETWORK TYPE (%)
FIGURE 4 POLICY MANAGEMENT IN TELECOM MARKET: BY DEPLOYMENT (%)
FIGURE 5 POLICY MANAGEMENT IN TELECOM MARKET: BY ORGANIZATION SIZE (%)
Continued……
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