The Global Policy Management in Telecom Market was valued at USD 900.2 million in 2016 and is projected to reach USD 2,359.34 million by 2025, growing at a CAGR of 11.3% from 2017 to 2025.
To maintain all the essential policies telecom operators are making use of policy management systems Telecommunication that provides high quality experience of bandwidth sensitive services, maintains network assets, improve internal service deployment, maintain integrity of the network and provide unique pricing models. By using cloud-based services one can reduce the capital expenditure, and hardware costs which is beneficial to the telecom operators.
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1. Market Drivers
1.1 Adoption of Cloud-based Policy Management Solution by Telecom Operators
1.2 Low Operational Cost
1.3 Rapidly increasing number of Mobile Users
2. Market Restraints
2.1 Implementation of Telecom Regulations Across the Globe
2.2 Concerns related to Increasing Number of Mobile User Transactions
The Global Policy Management in Telecom Market is segmented on the basis of component, deployment model, network, organization size, and region.
1. By Component:
1.2.1 Managed Services
1.2.2 Professional Services
2. By Deployment Model:
3. By Network:
3.1 Wireless Network
3.2 Fixed Network
4. By Organization Size:
4.1 Large Companies
4.2 Mid-sized Companies
4.3 Small Companies
5. By Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Rest of the World
The major players in the market are as follows:
1. Huawei Investment & Holding Co Ltd
2. Redknee Solutions
3. Nokia Corporation
4. LM Ericsson Telephone Company
5. Oracle Corporation
6. ZTE Corporation
8. Cisco Systems
9. Netcracker Technology Corporation
11. CSG International
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH:
Research study on the Global Policy Management in Telecom Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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