The global policy management in telecom market accounted for USD 951.0 million in 2016 growing at a CAGR of 11.43% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Company Share Analysis:
The report for policy management in telecom market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors:
Some of the major players of the global policy management in telecom market are Cisco Systems Inc., Oracle, AMDOCS, Netcracker Technology, Redknee Inc., AsiaInfo, Inc., ZTE Corporation, Openet, CSG International, Nokia, Huawei Investment & Holding Co., Ltd., Ericsson AB, Formula Telecom Solutions, Inc., sterlitetech among others.
Market Definition: Global Policy Management In Telecom Market
The policy management in telecom is a combination of two components i.e. decision and enforcement. It determines the degree to which a service/device is allowed to do what it is attempting/requesting, and is then able to enforce the decision. The low operating expenses of telecom operators and increased adoption of tailored policy management solutions are fuelling the growth of this market.
Market Segmentation: Global Policy Management In Telecom Market
The global policy management in telecom market is segmented on the basis of network into fixed network and wireless network.
The global policy management in telecom market is segmented on the basis of components into solution and services. The services are further sub segmented into professional services and managed services
On the basis of deployment, the global policy management in telecom market is segmented into cloud and on-premise.
On the basis of geography, global policy management in telecom market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Drivers & Restraints:
- Low Operating Expenses of Telecom Operators
- Increased Adoption of Tailored Policy Management Solutions
- Strict Implementation of Various Telecom Regulations
- Growing Number of Mobile Subscribers
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