Global Policy Management In Telecom Market Size By Component (Solution, Services), By Organization Size (Large Companies, Small And Medium-Sized Businesses (SMBs)), By Deployment Mode (Cloud, On-Premise), By Industry Vertical (Transportation And Logistics, BFSI), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Global Policy Management In Telecom Market Size By Component (Solution, Services), By Organization Size (Large Companies, Small And Medium-Sized Businesses (SMBs)), By Deployment Mode (Cloud, On-Premise), By Industry Vertical (Transportation And Logistics, BFSI), By Geographic Scope And Forecast

Policy Management In Telecom Market Size And Forecast

Policy Management in Telecom Market size was valued at USD 1892.99 Million in 2024 and is projected to reach USD 4457.69 Million by 2031, growing at a CAGR of 11.30% during the forecast period 2024-2031.

Why is the policy management market growing so fast? There are a few reasons. Running a policy management system is cheap, so it's easy for companies to get started. More and more people around the world are using mobile devices, which creates a need for policy management. Telecom companies are switching to cloud-based policy management solutions, which makes it easier and more affordable for them to manage their policies. These factors are all helping to drive the growth of the policy management market. In fact, a recent report predicts that the market will grow significantly over the next few years. The report takes a close look at the different segments of the market, the trends that are driving growth, and the challenges that companies face. It also provides a detailed analysis of the competitive landscape and the factors that are likely to have a major impact on the market in the future.

Global Policy Management In Telecom Market Definition

In the telecommunications sector, policy management refers to the collection of procedures and tools that service providers use to create, implement, and control rules governing service quality, network usage, and contacts with subscribers. It is essential for managing network resources, guaranteeing equitable usage, and providing a top-notch user experience. In order to ensure a constant level of service quality, telecom operators might set policies that give particular traffic or subscriber types the highest priority.

As a result, they are able to efficiently manage network resources and provide a top-notch customer experience for services like video streaming, voice conversations, or data transfers. Operators may establish and manage service plans, such as data bundles, roaming choices, and value-added services, thanks to policy management systems. It assists in monitoring and enforcing usage caps, putting billing procedures into place, and giving subscribers immediate notice of their usage and related costs.

What's inside a
industry report?

Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.

Global Policy Management In Telecom Market Overview

A network’s integrity, its assets, and its ability to propose distinctive pricing models are all maintained through the use of policy management, which is a technique used by telecom operators. The hardware costs and capital expenditure can be reduced by integrating a cloud-based service into Policy Management in Telecommunication management, which is a useful feature for telecommunications operators.

The constantly increasing number of mobile users worldwide, the low operating cost of administration, and telecom operators’ use of cloud-based policy management solutions are the primary drivers of the policy management market’s expansion. The growing deployment of integrated policy management solutions by telecom operators led to integrated revenue and customer management. The rising use of cloud-based policy administration solutions by telecom operators improved revenue generation for telecom operators.

Some of the restraining factors that affect the growth of the market comprise the stringent implementation of various telecom regulations across the globe, which results in limited investments in the development of new information technology infrastructure and postponement in the deployment of several policy management solutions. Thus, the formulation and adoption of highly regulated telecom norms are projected to discourage telecom operators to expand their businesses, thus restraining the growth of the market.

Global Policy Management In Telecom Market Segmentation Analysis

The Global Policy Management In Telecom Market is Segmented on the basis of Component, Organization Size, Deployment Mode, Industry Vertical, and Geography.

Policy Management In Telecom Market, By Component

  • Solution
    1. Cloud Storage Gateway
    2. Primary Storage
    3. Backup Storage and Disaster Recovery
    4. Data Archiving
  • Services
    1. Cloud Integration and Migration
    2. Training and Consulting
    3. Support and Maintenance
    4. Managed Services

The telecom market's policy management sector is made up of two main categoriessolutions and services. Within solutions, there are different types of products, includingCloud storage gatewaysThese help move data between different storage locations. Primary storageThis is where your most important data is kept. Backup storageThis is a copy of your data that can be used if your primary storage fails. Disaster recovery and data archivingThese are services that help you protect your data in case of a disaster or if you need to keep it for a long time. Services in the telecom policy management market includeCloud integration and migrationHelping businesses move their data and applications to the cloud. Training and consultingProviding businesses with the knowledge and skills they need to use policy management solutions effectively. Support and maintenanceEnsuring that policy management systems are running smoothly and any issues are resolved quickly. Managed servicesTaking care of policy management on behalf of businesses, so they don't have to worry about the technical details. The solutions segment is growing the fastest in the telecom policy management market. This is because telecom companies are looking for ways to improve the quality of their services, develop new services, make money from their networks, protect their customers' privacy, and offer flexible pricing models.

Policy Management In Telecom Market, By Organization Size

  • Large Companies
  • Small and Mid-Sized Businesses

Based on Organization Size, the market is segmented into Large Companies and Small and Medium-Sized Businesses (SMBs). Small and Medium-Sized Businesses are predicted to hold the most significant CAGR in the forecast period. They offer a complete risk management solution and possess knowledge about cutting-edge security features and adopt them across different series of business environments.

Policy Management In Telecom Market, By Deployment Mode

  • Cloud
  • On-Premise

Based on Deployment Mode, the market is segmented into Cloud and On-Premise. Cloud solution accounts for the highest market share as it helps enterprises by minimalizing costs related to the IT infrastructure. Cloud solution empowers the enterprise to focus on core business competencies. It offers enterprises security and data protection. Cloud-based solutions also provide real-time visibility of data for employees, allowing organizations to communicate with diverse departments.

Policy Management In Telecom Market, By Industry Vertical

  • Transportation and logistics
  • BFSI
  • Education
  • Consumer Goods and Retail
  • Manufacturing
  • Telecommunications and IT
  • Healthcare and Life sciences
  • Government and Public Sector
  • Others

Based on Industry Vertical, the market is segmented into Transportation and logistics, BFSI, Education, Consumer Goods and Retail, Manufacturing, Telecommunications and IT, Healthcare and Life sciences, Government and Public Sector, and Others. The BFSI industry vertical is estimated to hold the largest market size in the Policy Management In Telecom Market. The BFSI is the most targeted industry vertical, as it deals with huge volumes of sensitive and private financial data.

Policy Management In Telecom Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the world

On the basis of regional analysis, Global Policy Management In Telecom Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share of the market will be dominated by North America. The growth of the North American market can be attributed to the augmented deployment of policy

management solutions in the region resulting from the development of Long-Term Evolution (LTE) networks and their integration with several business models and CRM software. The Asia Pacific market is expected to grow at the highest CAGR through the forecast period. The increasing economies and growing government initiatives to promote next-generation networks are key factors driving the growth of the Asia Pacific market.

Key Players

The “Global Policy Management In Telecom Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Huawei Investment & Holding Co Ltd, Optiva Inc., Nokia Corporation, LM Ericsson Telephone Company, Oracle Corporation, ZTE Corporation, Amdocs, Cisco Systems, Netcracker Technology Corporation, Openet, CSG International, Asiainfo. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

  • In May 2021, Tango Telecom and CSG have announced an acquisition for integrated policy control and messaging enhancement. With the acquisition, CSG will be able to administer policies and call controls in real-time, dynamically. This makes it possible to monetize B2B2x business models more successfully and, when combined with CSG’s sector-leading pricing and digital monetization capabilities, delivers a complete end-to-end solution for convergent voice and data services over 3G, 4G, and 5G networks. Tango Telecom is a logical expansion of CSG’s distinctive digital monetization portfolio because to its core policy management and messaging capabilities, which correspond with the strategy and leadership of the cellular industry.

Ace Matrix Analysis

The ace matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Policy Management in Telecom Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Policy Management in Telecom Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.