According to Stratistics MRC, the Global Telecom Analytics Market is accounted for $1.38 billion in 2015 and is expected to reach $10.51 billion by 2022 growing at a CAGR of 33.6% during the forecast period. Improved implications for revenue management, escalating vulnerability to attacks and increase in mistrustful activities are some of the major factors driving the market. Whereas, factors such as high maintenance costs for qualified services and lack of awareness among operators are hindering the Telecom Analytics market. New market opportunities and trends with cloud computing and new business models are prompting the IT infrastructure outsourcing services market. While Europe and Asia-Pacific are estimated to witness improved market traction, North America is anticipated to be the largest market in requisites of market size during the forecast period.
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The key players in the global telecom analytics market are Accenture Plc, Cisco Systems, Inc., Hewlett-Packard Company, IBM Corporation, Microsoft Corporation, Oracle Corporation, Sap Ag, Teradata Corporation and Wipro Limited.
End Users Covered:
Small and Medium Enterprises
Large scale Enterprises
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