By 2022 Policy Management in Telecom Market will surpass $1617.1 Million from $953.6 Million in 2017

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.

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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.

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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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Global Cloud Testing Market Trends, Size, Share, Opportunities, Scope, Analysis by 2022

According to market research report "Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022", The cloud testing market is expected to grow from USD 5.55 Billion in 2017 to USD 10.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period.

The increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms are some of the major factors expected to drive the growth of the cloud testing market.

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The functional testing tools segment is expected to have the largest market size during the forecast period.

Functional testing, being a staple of Quality Assurance (QA) management, ensures the Application Under Test (AUT) complies with the business requirements. Cloud-based functional testing tools offer several advantages, such as quick setup and tool deployment, high productivity, and shorter test cycles. They enable the test teams to test applications from anywhere in the world, thereby improving the collaboration between disparate team members.

The retail and eCommerce vertical is expected to have the largest market size during the forecast period.

The retail and eCommerce vertical include online retailers who leverage the cloud technology to provide their offerings to their customers. The increasing competition among eCommerce giants is acting as a threat to the brick-and-mortar stores, with a rising number of online retailers operating through web and mobile apps. Thus, customer service and satisfaction are of foremost importance to these retailers which can be achieved through continuous delivery and uninterrupted functioning of the digital offerings. Cloud testing tools and services offer on-demand services to these retailers to load test their applications that are accessed by multiple users per second. This eases the load testing of the applications and scales up the tests whenever required, thereby facilitating continuous delivery.

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The rapid adoption of the cloud technology, due to the scalability and flexibility offered by the cloud environment is expected to make North America the largest market, in terms of the global share.

North America consists of developed economies, such as the United States (US) and Canada. In this region, cloud-based applications are gaining traction among the QA and test teams. The region’s strong financial position also enables it to invest heavily in advanced testing tools and technologies. These advantages have provided North American organizations a competitive edge in the market. Moreover, the region has the presence of several major cloud testing vendors. Therefore, there is strong competition among the players. The number of enterprises adopting cloud testing solutions and services is quite high in North America as compared to the other regions.

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the cloud testing market.

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Case Management Market: Industry Analysis, Opportunities, Size, Trends, Share

According to market research report "Case Management Market by Component (Solution and Services), Service (Professional Services and Managed Services), Business Function, Deployment Mode (Cloud and On-premises), Organization Size, Vertical, and Region - Global Forecast to 2022", The case management market is expected to grow from USD 4.79 Billion in 2017 to USD 7.62 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 9.7% during the forecast period.

The major forces driving the case management market growth are the ongoing trend of digitalization in the IT industry and increasing demand for software automation and innovative applications.

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The solution segment is estimated to have the larger market share in the case management market in 2017.

The demand for case management solutions is increasing in organizations, irrespective of the organization size. The deployment of case management solutions varies according to the different needs of the end-users. The large enterprises segment is estimated to dominate the market with the larger market size, as large organizations in industries, such as banking and government, have various complex business processes.

The retail vertical is expected to grow at the highest CAGR in the case management market during the forecast period.

The retail vertical is expected to witness the fastest growth rate, as the vertical has increased its spending in Customer Relationship Management (CRM) to manage customers’ needs, thereby helping enterprises in the vertical increase the efficiency of their business processes. IT has become an essential part of every retail business and has streamlined customer-centric processes in the retail vertical. Companies are trying to improve their competitive edge, exceed customer expectations, and increase revenues.

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North America is expected to contribute to the largest market share, whereas Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period.

North America is expected to have the largest market share and dominate the case management market during the forecast period, due to the high number of early technology adopters in this region. Specific budget allocations and mandated case management policies are expected to make North America the most lucrative region for the growth of case management vendors. The increasing demand for case management solutions in major verticals, such as government; Banking, Financial Services, and Insurance (BFSI); and retail, is expected to be a major factor supporting the overall growth of the case management market in the region. The market in APAC is expected to grow at the highest CAGR during the forecast period. The main reason for this high growth is the widespread adoption of case management solutions in both Small and Medium-sized Enterprises (SMEs) and large enterprises to simplify their business processes.

The major case management vendors include Pegasystems (US), Appian (US), IBM (US), Newgen Software (India), DST Systems (US), Dell Technologies (US), AINS (US), Pulpstream (US), and Kofax (US).

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