Policy Management in Telecom Market, By Component (Solution, Service), By Network Type (Fixed, Mobile), By Deployment (Cloud, On-Premise), By Organization Size (Small & Medium Enterprises, Large Enterprises) – Forecast 2023
Huawei Investment & Holding Co., Ltd. one of the major company in the policy management in telecom market. The company all kind of telecom solutions such as wireless network, storage devices, switches, routers and many more. The company has recently designed SingleRAN products and solutions. The company launched its “Software Defined Network (SDN)” solution with respect to SDN architecture, frequency and radio frequency channels, mobile operators can also be benefitted from simplified mobile network deployments that reduces the total cost of operation and enhanced network efficiency.
In policy management in telecom market, digitization and mobility is one of significant factor driving the market. Digitization in policy management in telecom market helps organization by providing seamless platform to handle consumers information and increases efficiency and accuracy in business operations. Digital technology supports both upstream and downstream services in the policy management in telecom activities.Policy management services in telecom market enable organization by providing numerous telecom solutions and services and helps organization to overcome complexities and update with evolving trends and patterns is boosting the policy management in telecom market. By component segment, solution segment acquires for highest market share owing to better solution providing service is further fueling the market growth.
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The segmentation on the basis of deployment includes cloud and on-premise. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enables enterprise to focus on core business competencies. It provides enterprises with data protection and security, efficiently manage storage and privacy issues, offers data integrity and provides information related to governance and make enterprise legally prepared.
According to Market Research Future Analysis, policy management in telecom market has beenvalued at approximately USD 1,606.95 Million by the end of forecast period with approx. 11% of CAGR during forecast period 2019 to 2023.
Market Research Future (MRFR) recognizes the following companies as the key players in the policy management in telecom market are- LM Ericsson Telephone Company (Sweden), Huawei Investment & Holding Co., Ltd. (China), Nokia Corporation (Finland), Amdocs Limited (U.S.), Oracle Corporation (U.S.), Astea International Inc. (U.S.), Comarch Sa. (Poland), Wipro Limited (India), Intracom Telecom (Greece), Genpact (U.S.) and others.
By region, MRFR analysis shows that North America region is expected to be largest revenue generator in Policy Management in Telecom Market. The market growth in North America region is mainly due to contribution by develop countries in building network connectivity, growing number of mobile users, increasing usage of 3G and 4G network and increasing policy management in telecom solutions among enterprises. Asia-Pacific region is the fastest growing player in policy management in telecom market owing to huge investment in mobile network. Asia-Pacific region is one of the leading market in policy management in telecom market owing to emergence of growing economies in the region. Countries like China and Japan are making huge investment in policy management in telecom market. Other factors such as increasing smartphone penetration in the region and rising network complexities is boosting the market in the region.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said:
Professional service associated with cloud platforms includes selection, deployment and continuous ongoing management of cloud resources. Professional service companies possess an expertise solution and knowledge of tools and process that makes users workflows seamless and high performing. These companies are highly experienced and projects a detailed focus while offering services to small and mid-sized business. They provide a complete risk management solution and possess knowledge regarding cutting edge security features and implements them across different range of business environments.
- Investors and consultants
- System Integrators
- Government Organizations
- Research/Consultancy firms
- Technology solution providers
- IT Solution Providers
- Original Equipment Manufacturers (OEM)
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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
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 (%)
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