Artificial Intelligence
Telecom Analytics Market Size is projected to reach USD 13.76 Billion by 2031, growing at a CAGR of 14.2%: Straits Research
New York, United States, Nov. 23, 2022 (GLOBE NEWSWIRE) — Churn prediction, social network analytics, and customer engagement are just a few of the ongoing issues that the telecommunications industry must deal with. To meet their complex needs, businesses can obtain business intelligence (BI) from the telecom analytics solution. The rise in attacks and suspicious activity, the need for adequate revenue management, and the need for churn prevention all contribute to the demand for telecom analytics. The solution provides priceless insights for optimizing customer management, revenue recognition, and business operations. Predictive and prescriptive modeling methods provided by the telecom analytics solution help telecommunication clients realize a high return on investment (Roi) and lower the total cost of ownership. Modern technologies like artificial intelligence and machine learning enable real-time data analytics. Telecom analytics powered by big data offers insightful information that supports outcome forecasting. As a result, Al-driven telecom analytical solutions are becoming more widely adopted. The growth of the telecom analytics market will likely be supported by the ability of Al analytical platforms to reduce risks and fully automate the analysis process.
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Increased Demand for Reduction of Churn
In the telecom sector, churn refers to the percentage of subscribers who switch service providers within a set time frame. Businesses are putting more effort into lowering churn because if the percentage keeps rising, it will be detrimental to their reputation. This hurts the company’s future sales and business. On average, churn can be decreased by 15% by using telecom analytics. Telecom service providers request the customer churn analytics tool to stop revenue losses, enhance customer service, and lower marketing and sales expenses. By implementing telecom analytics solutions, carriers can use subscriber usage data to understand subscriber behavior patterns and enhance customer experiences. It enables cross-selling and up-selling for telecom businesses. With the help of vendors in the market, carriers can now identify at-risk subscribers or the reasons behind current and upcoming churn by using telecom analytics solutions infused with machine learning to understand sentiments.
The Need to Streamline Revenue Management Is Growing
The need to streamline business processes that impact revenue is the main factor driving the growth of the telecom analytics market. Telecom companies generate revenue greatly influenced by various factors, including the number of subscribers, value-added service sales, billing fees, etc. Telecom analytics can pinpoint the areas that need to be improved to increase the revenue of telecom companies. Telecom analytics software enables effective risk management and business decision-making. Additionally, it supports revenue growth by enabling businesses to stand out from the competition and deliver subscriber-focused scores. For various applications for business, network, or customer use cases, telecom analytics solutions can offer qualitative and quantitative metrics that provide objective Key Performance Indicators or Key Quality Indicators measurements. By using pertinent data, such as subscriber experience (xDRs), location, partners (TAP), network (probes), and activities, telecom analytics can assist in measuring the critical subscriber decisions that have an impact on revenues.
Report Scope
| Report Metric | Details |
| Market Size | USD 13.76 Billion by 2031 |
| CAGR | 14.2% (2023-2030) |
| Historical Data | 2020-2021 |
| Base Year | 2022 |
| Forecast Period | 2023-2031 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Deployment, Applications, End Users |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | SAP SE (Germany), Microsoft Corporation (U.S), EMC Corporation (U.S.), Cisco Systems, Inc. (U.S.), IBM Corporation (U.S.), Nokia Corporation (Finland), Wipro Limited (U.S), Hewlett-Packard Company (U.S.), Teradata Corporation (U.S), and Accenture Plc (Ireland). |
| Key Market Opportunities | The Need to Streamline Revenue Management, Is Growing |
| Key Market Drivers | Increased Demand for Reduction of Churn |
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Regional Analysis
North America is the most significant contributor to the global telecom analytics market and is anticipated to grow at a CAGR of 13.6 % during the forecast period. An outcome of progress in technology and developed industrial infrastructure. The primary cause of the market growth is the telecommunications sector’s rising demand for data analytics. The accelerating growth of digital marketing, including e-commerce and social media marketing, is another factor anticipated to drive market growth in the ensuing years. The presence of some of the most well-known businesses in the industry, like IBM Corporation and Oracle Corporation, also impacts regional growth. The widespread distribution of the telecom sector generates enormous amounts of data, which supports the expansion of the local market. Due to the steadily rising internet data traffic in the US, North American telecom services are in high demand. Telecom companies that offer broadband services are increasing their investments to support market expansion.
Europe is expected to grow at a CAGR of 14.7% during the forecast period. Europe is a significant global market for telecom analytics because of rising investments in delivering better service quality for rising consumption. The market growth in this area is accelerated further by adopting several technologies, including cloud services and the Internet of Things (IoT). The European Union is pressuring the companies to follow the unified telecoms legislation, changing the European telecom industry. The presence of well-known key companies is fueling the regional market’s growth. During the forecast period, the market’s growth is anticipated to be fueled by the widespread adoption of cloud and data analytics. The leading European telcos’ adoption of analytical techniques to manage procurement activities in large-scale purchasing processes is also anticipated to be a critical factor in European market growth.
Key Highlights
- The global telecom analytics market size was valued at USD 4.17 billion in 2022. It is projected to reach USD 13.76 billion by 2031, growing at a CAGR of 14.2 % during the forecast period (2023-2031).
- Based on deployment, the global telecom analytics market is bifurcated into on-premise and cloud. The cloud segment is the highest contributor to the market and is expected to grow at a CAGR of 14.3% during the forecast period.
- Based on application, the global telecom analytics market is bifurcated into network analytics, customer analytics, market analytics, price analytics, and service analytics. The customer analytics segment is the highest contributor to the market and is expected to grow at a CAGR of 13.9% during the forecast period.
- Based on end users, the global telecom analytics market is bifurcated into IT & telecom, BFSI, manufacturing, energy & power, healthcare, and others. The IT & telecom segment owns the highest market share and is expected to grow at a CAGR of 14.5% during the forecast period.
- North America is the most significant contributor to the global telecom analytics market and is expected to grow at a CAGR of 13.6 % during the forecast period.
Competitive Players in the Global telecom analytics market
- SAP SE
- Microsoft Corporation
- EMC Corporation
- Cisco Systems, Inc.
- IBM Corporation
- Nokia Corporation
- Wipro Limited
- Hewlett-Packard Company
- Teradata Corporation
- Accenture Plc
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Global Telecom Analytics Market: Segmentation
By Deployment
- On-Premise
- Cloud
By Applications
- Network Analytics
- Customer Analytics
- Market Analytics
- Price Analytics
- Service Analytics
By End Users
- IT & Telecom
- BFSI
- Manufacturing
- Energy & Power
- Healthcare
- Others
By Regions
- North America
- Europe
- Asia-Pacific
- LAMEA
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: Telecom Analytics Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Deployment Overview
- Introduction
- Market Size & Forecast
- On-Premise
- Market Size & Forecast
- Cloud
- Market Size & Forecast
- Introduction
- Application Overview
- Introduction
- Market Size & Forecast
- Network Analytics
- Market Size & Forecast
- Customer Analytics
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Deployment
- By Application
- Canada
- By Deployment
- By Application
- Mexico
- By Deployment
- By Application
- Latin America
- By Deployment
- By Application
- Europe
- Market Size & Forecast
- Germany
- By Deployment
- By Application
- France
- By Deployment
- By Application
- U.K.
- By Deployment
- By Application
- Italy
- By Deployment
- By Application
- Spain
- By Deployment
- By Application
- Rest of Europe
- By Deployment
- By Application
- Asia Pacific
- Market Size & Forecast
- Japan
- By Deployment
- By Application
- China
- By Deployment
- By Application
- Australia
- By Deployment
- By Application
- India
- By Deployment
- By Application
- South Korea
- By Deployment
- By Application
- Rest of Asia-Pacific
- By Deployment
- By Application
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Deployment
- By Application
- South Africa
- By Deployment
- By Application
- Kuwait
- By Deployment
- By Application
- Rest of Middle East & Africa
- By Deployment
- By Application
- Introduction
- Company Profile
- SAP SE
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Microsoft Corporation
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- EMC Corporation
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- SAP SE
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/telecom-analytics-market/toc
Market News
- In November 2022, a $2 billion telecom agreement will allow the IT service provider to compete with network equipment manufacturers like Nokia, Ericsson, and Samsung by making its telecom offerings available to potential clients worldwide.
- In April 2022, Express Analytics, a business intelligence firm with headquarters in California, claimed to provide telecom companies with tailored solutions to reduce customer attrition and increase average revenue per user using processes supported by artificial intelligence (AI) and predictive modeling.
News Media
North America to Dominate the Telecom Analytics Market During the Forecast Period, 2019–2026
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About Straits Research Pvt. Ltd.
Straits Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision-makers. Straits Research Pvt. Ltd. provides actionable market research data, especially designed and presented for decision making and ROI.
Whether you are looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with the client’s purchase. We overcome our clients’ issues by recognizing and deciphering the target group and generating leads with utmost precision. We seek to collaborate with our clients to deliver a broad spectrum of results through a blend of market and business research approaches.
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Artificial Intelligence
Clinical Trials Matching Software Market Projected to Reach $832.56 million by 2030 – Exclusive Report by 360iResearch
PUNE, India, April 18, 2024 /PRNewswire/ — The report titled “Clinical Trials Matching Software Market by Functionality (Analytics & Reporting, Compliance Tracking, Data Management), Deployment (Cloud & Web Based, On-Premise), End-Use – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $342.20 million in 2023 to reach $832.56 million by 2030, at a CAGR of 13.54% over the forecast period.
“The Global Surge in Adoption of Matching Software for Enhanced Participant Enrollment”
Clinical trials matching software stands at the forefront of revolutionizing clinical research by automating the process of identifying and enrolling eligible participants. These platforms offer a streamlined approach to match patient health profiles with trial requirements, accelerating enrollment and supporting the shift toward personalized healthcare using these advanced AI and ML technologies. Although integrating these systems poses challenges due to variations in healthcare IT infrastructure and the imperative for rigorous data security, the potential for market growth is substantial. In the Americas, a robust clinical trials ecosystem thrives; in the European Union, it has unified regulatory standards and extended to emerging regions such as the Middle East, Africa, and the APAC countries; the demand for such innovative solutions is on a steep rise. This demand is fueled by governmental support, the evolving regulatory landscape, and strategic partnerships to embed these solutions within electronic health records, underscoring a global movement toward optimizing clinical trial processes to better cater to specific patient demographics.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
“The Rise of Virtual Trials and Advanced Matching Software”
The healthcare landscape is witnessing a transformative shift toward virtual clinical trials, fueled by technological advancements and the necessity for continuity during the COVID-19 pandemic. This transition supports research amid social distancing measures and introduces significant cost savings by reducing the need for physical infrastructure and in-person interactions. The efficiencies brought by electronic health records (EHR), wearable technologies, and automation streamline the entire process, from patient recruitment to data analysis. Several approaches, endorsed by regulatory bodies such as the FDA, represent a leap forward in making clinical trials more accessible and streamlined, ensuring that more patients can participate in potentially life-saving research without the geographical and logistic constraints of traditional trials.
“Enhancing Clinical Trials through Advanced Analytics, Rigorous Compliance, and Precision-Patient Matching”
Integrating advanced analytics, meticulous compliance monitoring, and precision-patient matching marks a significant advancement toward maximizing efficiency and fostering trial diversity. The software delivers insightful data on trial progress, participant demographics, and enrollment figures, empowering stakeholders to make well-informed decisions and optimize resource distribution to meet trial goals effectively by implementing cutting-edge analytics. The built-in compliance feature ensures trials are conducted in strict adherence to regulatory standards, minimizing risks associated with non-compliance. Furthermore, a robust data management system guarantees the integrity and availability of clinical trial data, which is critical for the seamless operation and real-time analysis of trials. The software includes state-of-the-art patient matching technology, which employs sophisticated algorithms and artificial intelligence to expedite recruitment by accurately identifying candidates who match specific trial requirements. This innovative approach accelerates the recruitment timeline and enhances the diversification of trial participants, paving the way for more inclusive and representative clinical research outcomes.
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“Medidata by Dassault Systèmes SE at the Forefront of Clinical Trials Matching Software Market with a Strong 11.30% Market Share”
The key players in the Clinical Trials Matching Software Market include International Business Machines Corporation, Science 37, Inc. by eMed, LLC, Medidata by Dassault Systèmes SE, AutoCruitment LLC, Deep 6 AI Inc., and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Clinical Trials Matching Software Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Clinical Trials Matching Software Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Clinical Trials Matching Software Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/clinical-trials-matching-software
“Dive into the Clinical Trials Matching Software Market Landscape: Explore 190 Pages of Insights, 286 Tables, and 22 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsClinical Trials Matching Software Market, by FunctionalityClinical Trials Matching Software Market, by DeploymentClinical Trials Matching Software Market, by End-UseAmericas Clinical Trials Matching Software MarketAsia-Pacific Clinical Trials Matching Software MarketEurope, Middle East & Africa Clinical Trials Matching Software MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/clinical-trials-matching-software
Related Reports:
Clinical Trial Support Services Market – Global Forecast 2024-2030Virtual Clinical Trials Market – Global Forecast 2024-2030Clinical Trials Management System Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
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BOSTON, April 18, 2024 /PRNewswire/ — The RepTrak™ Company, the world’s leading reputation data and insights company, released its annual Global RepTrak 100 report. Utilizing its advanced reputation monitoring software, RepTrak gathered data from more than 243,000 survey responses across 14 major economies to rank the world’s 100 most reputable companies. They share that ranking alongside a full analysis of global corporate reputation trends and corresponding public sentiment in the 2024 report.
After two years of consecutive Reputation Score declines, this year’s Score is back up with an increase from 73.2 in 2023 to 73.8 in 2024. It’s a small increase after 2023’s full one-point drop. However, it’s an encouraging sign that companies have begun to recover from reputation falls driven by many challenges: macroeconomic issues, workplace difficulties, product problems, and corporate responsibility skepticism.
“This year’s report underscores a pivotal shift in the corporate landscape, spotlighting the remarkable adaptability and dedication of the Top 100 companies in responding to the dynamic needs of stakeholders,” states RepTrak CEO Mark Sonders. “The companies featured in our report are not just riding the wave of change; they are the ones steering it, proving that the best approach to business is one that embraces evolution and champions progress.”
RepTrak’s report explores how people thought, felt, and acted toward companies over the past year. Findings include notable increases in Conduct and Citizenship efforts, stakeholders’ rising willingness to invest, culturally resonant brand communications, and ESG Scores that soared despite skepticism around the acronym.
To read the full 2024 Global RepTrak 100 report, please visit: www.reptrak.com/globalreptrak
About RepTrak
The RepTrak™ Company is the world’s leading reputation data and insights company. We help companies by organizing and grading a variety of reputational elements, offering a real-world report card on their corporate reputation. Subscribers to the RepTrak program use our predictive insights to protect business value, improve return on investment, and increase their positive impact on society. RepTrak’s pairing of advanced metrics and dedicated reputation advisors offers clients an actionable analysis of their reputation data, aligning business objectives with stakeholder sentiment across different markets and sectors.
Established in 2004, The RepTrak Company owns the world’s largest reputation benchmarking database, gathering over 1 million company ratings per year used by CEOs, boards, and executives in more than 60 countries worldwide. For more information, please visit: www.reptrak.com
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Artificial Intelligence
Group-IB takes part in a global operation to cripple Canadian Phishing-as-a-Service provider LabHost
SINGAPORE, April 18, 2024 /PRNewswire/ — Group-IB, a leading cybersecurity company aimed at investigating, preventing, and fight digital crime announced today that it participated in a coordinated global takedown operation against prominent Canadian Phishing-as-a-Service (PhaaS) provider LabHost, which has led to the arrest of 37 suspects across the United Kingdom and around the world by law enforcement agencies. As part of the operation, Group-IB also conducted an extensive analysis of LabHost’s criminal history and infrastructure, including insights into LabHost’s administrative platform and the services it provides to its purported user base which exceeds 2,000 subscribers worldwide, who illegally obtained around 480,000 card numbers, 64,000 pin numbers, and over 1 million passwords from victims used for websites and other online services, according to law enforcement agencies.
“By leveraging our Threat Intelligence and Digital Risk Protection, we are able to identify and monitor phishing attacks and websites like those deployed by LabHost and its subscribers around the world, enabling us to actively alert and protect our customers, and in turn, their customers as well,” said Dmitry Volkov, Chief Executive Officer of Group-IB. “Today’s takedown operation demonstrates the agility and responsiveness of our decentralized Digital Crime Resistance Centers, and how quickly we can provide immediate and local assistance wherever our customers may be.”
First uncovered in late 2021, LabHost emerged as a fully automated Phishing-as-a-Service (PhaaS) platform, streamlining the creation of phishing websites meticulously mirroring the interface and functionality of prominent banking, postal, and financial entities, aimed at intercepting, seizing, and profiting from users’ personal, credit card, and online banking credentials. Users are prompted to select from various “membership plans,” tailored to target businesses and individuals in either the United States and Canada, or globally, akin to mobile subscription models. These plans encompass “standard,” “premium,” and “world membership” tiers, priced between US$179 and US$300 monthly, with options for monthly, quarterly, or annual billing cycles.
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