About Big Data and Analytics in Telecom
Big Data and Analytics in telecom used to study the large volume of data in order to process them in a way to take better decision. Telecom companies generate a huge amount of data which can be processed to know user behaviours. Though big data possess huge monetizing potential stringent regulations regarding data security limits its use. The Big Data analytics in Telecommunication is expected to grow in the market owing to growing fraudulent activities in telecom Sectors and rise in demand for Quality of Services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 14.3% |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Big Data and Analytics in Telecom market throughout the forecasted period. 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.
Accenture (Ireland), Cisco Systems (United States), Informatica (United States), SAS Institute (United States), Microsoft Corp. (United States), Google Inc. (United States), Hewlett-Packard Co. (United States), EMC Corp. (United States), IBM Corp. (United States), Oracle Corp. (United States), Teradata Corp. (United States), Amazon Web Services, Inc. (United States), Latentview (United States), Indix (United States), Analytic-Edge (United States), Tookitaki (Sinagpore), Splunk Inc. (United States), Couchbase Inc. (United States) and Cloudera, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TEG Analytics (United States), Heckyl Technologies (United Kingdom), KloudData Inc. (United States), Gramener (United States), Germin8 (India), VIS Networks Pvt. Ltd. (India), Abzooba (United States) and Fintellix (India).
Segmentation Overview
AMA Research has segmented the market of Global Big Data and Analytics in Telecom market by Type (Predictive analytics, Data mining, Text analytics and Statistical analysis) and Region.
On the basis of geography, the market of Big Data and Analytics in Telecom 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 Component, the sub-segment i.e. Software will boost the Big Data and Analytics in Telecom market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Fraud Detection will boost the Big Data and Analytics in Telecom market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Demand for Agile Data Analytics and Constant Access to Ad-Hoc Queries
Market Growth Drivers:
Big Data Helps Improve Quality of Services by Enabling Enterprises Take Better Decision, Massive Growth of Data, Growing Use of Big Data in Identifying Fraudulent Activities in Telecom Sector and Emergence of IOT (Internet of Things)
Challenges:
Lack of Effective Strategy Regarding Big Data Application Among Enterprises and Integration of All Necessary Data Sources
Restraints:
Stringent Regulations Regarding Security and Privacy of Data and Lack of Awareness of the Benefits of Big Data Solutions and Services
Opportunities:
Emergence of 5G Technology and Big Data Solutions Enhancing Organizational Return on Investment
Market Leaders and their expansionary development strategies
In May 2020 ,Accenture has acquired Byte Prophecy, an automated insights and big data analytics company based in Ahmedabad, India, to meet the growing demand for enterprise-scale AI and digital analytics solutions across the region.
In February 2019, Intracom S.A. Telecom Solutions announced today the introduction of its new Point-to-MultiPoint (PtMP) MW radio, WiBAS micro-BS for corporate and residential connectivity. The Intracom S.A. Telecom Solutions is a global telecommunication system and solutions which has set the benchmark in fixed wireless access and it innovates in the backhaul, 5G/4G wireless fronthaul and small-cell SON backhaul international arena. Intracom Telecom offers solutions as revenue-generating software solutions and ICT services which focus on IoT, SDN/NFV, Big Data analytics & data-driven intelligence and Smart City solutions.
According to U.S. Federal Regulation “Big data is done through a variety of statutes. To fully appreciate privacy in the United States it is important to note there is no one unified federal privacy law. Rather, privacy regulations come in the form of separate statutes and agency regulations. Some of the most well-known privacy laws are Health Insurance Portability and Accountability Act of 1996, commonly referred to as HIPPA. This statute protects patient information and controls the type of patient data that can be released. HIPPA pre-dates the big data movement (although it has been updated as late as 2013 in the Omnibus bill), and because of that the data in big data is restricted to conform to HIPPA regulations.”
Key Target Audience
Big Data Software Vendors, Big Data Service Vendors, System Integraters, Network And Systems Integrators, Value-Added Resellers (Vars) And Distributors, Research Organizations, Independent Software Vendors, Telecom Companies, Potential Technology Investors, Government Agencies 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.