About Telecom CRM
Telecom CRM tracks assist telecommunication operators to deal with the managing and controlling customer turnover or retention rate. The Telecom CRM offers the companies with the competitive ability by deploying the solutions and services to recognize the profitable customers and get hold them. It tracks and analyzes the interaction with potential clients for identifying the requirements, it also centralizes, eases, and secures the information for easy access. Telecom CRM serves as a beneficial tool for increasing sales and improve customer engagement.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Oracle Corporation (United States), SAP SE (Germany), Salesforce (United States), Microsoft Corporation (United States), Convergys Corporation (Concentrix) (United States), Ericsson (Sweden), Amdocs Systems Inc. (United States), NTT DATA Corporation (Japan), Avaya Inc. (United States), AsiaInfo Holdings (China) and Infor (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Telecom CRM market by , Application (Small-Sized Enterprises, Medium-sized Enterprises and Large-Sized Enterprises) and Region.
On the basis of geography, the market of Telecom CRM has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Systems will boost the Telecom CRM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Function, the sub-segment i.e. Customer Database will boost the Telecom CRM market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Adoption of IoT in Telecom CRM for Proactive, Predictive and Prescriptive Customer Service and The Use of Telecom CRM Solutions and Services for Immediate Feedback for Required Immediate Action
Market Growth Drivers:
Need for Managing the Operators and Controlling Customer Turnover and Demand for Managing the Client Relationship Leading to Increased Sales and Customer Retention
Challenges:
High-Cost Investment in Telecom CRM
Restraints:
Regulatory Compliance with Telecom CRM and Demanding Customer Base with Fast-Changing Behaviour
Opportunities:
Increasing Spending of Telecommunication Industry on CRM to Provide Advance Services and Solutions and Digitalization will Boost the Telecom CRM
Market Leaders and their expansionary development strategies
On 25th February 2020, Salesforce signed a definitive agreement to acquire Vlocity. Built natively on the Salesforce platform, Vlocity is a leading provider of industry-specific cloud and mobile software for the world’s top communications, media and entertainment, energy, utilities, insurance, health, and government organizations.
On 24th September 2019, NTT DATA Asia Pacific Pte. Ltd. and Locus Telecommunication Inc. Ltd. announced that NTT DATA Asia Pacific has wholly acquired Locus Telecommunication, a prominent system-integration company based in Bangkok, Thailand. With the acquisition, NTT DATA, a leading IT service provider, and the parent company of NTT DATA Asia Pacific will enhance its market position in Thailand with significantly strengthened capabilities in CRM, customer experience (CX), and analytics solutions.
Key Target Audience
Telecom CRM Providers, Telecom Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.