According to new market research report "Policy Management in Telecom Market by Network
(Fixed, Wireless), Component (Solutions, Services), Services (Professional,
Managed), Deployment (Cloud, On-Premises), and Region - Global Forecast to
2022",
the policy management in telecom market is estimated to grow from USD 953.6
Million in 2017 to USD 1,617.1 Million by 2022, at a CAGR of 11.1% from 2017 to
2022.
The market is primarily driven by the increasing
adoption of tailored policy management solutions by telecom operators across
the globe. Moreover, the rise in the demand for innovation in the telecom
industry is also contributing to the growth of the policy management in telecom
market.
Browse and
in-depth TOC on “Policy
Management in Telecom Market”
33
- Tables
29
- Figures
101
- Pages
Based on component, the solutions segment is expected to grow at a high rate during the forecast period
Based on component, the policy management in telecom
market has been segmented into solutions and services. The solutions segment is
expected to grow at a high rate between 2017 and 2022. This can be attributed
to the rise in strict telecom regulations, the continued growth of the
subscribers, overcoming data traffic limits, and setting marketing oriented
policy and charging rules.
Based on deployment, the cloud segment is estimated
to grow at the highest CAGR during the forecast period
Based on deployment, the cloud segment is estimated
to grow at the highest CAGR for the policy management in telecom market. Due to
scalability and low hardware, setup, and maintenance cost, the cloud-based
deployment of policy management solution are adopted significantly by various
organizations. This factor is driving the growth of cloud in policy management
in telecom market.
Asia Pacific region is estimated to grow at the
highest CAGR during the forecast period
The policy management in telecom market in Asia
Pacific is estimated to grow at the highest CAGR during the forecast period.
The growth of this segment can be attributed to the increasing use of mobile
devices in this region. The rise in digitalization and smartphone users will
make the Communication Service Providers (CSPs) deploy policy management
solution. Countries such as India, China, Russia, Australia, and Japan are
expected to witness high growth rates in policy management in telecom market.
Major players in policy management in telecom market
Ericsson (Sweden), Huawei (China), Nokia (Finland), Oracle (US), Amdocs (US),
Netcracker Technology (UK), CSG International (US), ZTE (China), Cisco (US),
Redknee (Canada), and Openet (Ireland).
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