Global Policy Management in Telecom Market Is Proactive

  • The operative distinction that sets apart a managed service program is the PROACTIVE delivery of their service, as compared to reactive IT services.
  • The North American region accounts for the highest market share in Global Policy Management in Telecom Market.
  • Asia‐Pacific region is expected to be growing at the highest CAGR in the Global Policy Management in Telecom Market.

LM Ericsson Telephone Company is one of the prominent telecom companies offering varied solutions related to policy management in the telecom sector: mobile financial services, 5G network architecture and other telecom services.  However, they are not alone.

The operative distinction that sets apart a managed service program is the PROACTIVE delivery of their service, as compared to reactive IT services, which have been around for decades. Key drivers contributing to the growth of managed services are a rise in digital information, the need to secure it, an increasing trend of “bring your own devices”, flexibility to match custom requirements, consistent dependency over heterogeneous networks, and a persistent rise in the complexity of technological solutions.

Growing smartphone users and the rise in digitization are several of the significant factors boosting the market.

Regional analysis of Global Policy Management in Telecom Market is presented for regions such as Asia Pacific, Americas, Europe and Rest of the World. The North American region accounts for the highest market share in Global Policy Management in Telecom Market owing to presence of major players in the region. The region consists of major telecom solution providers, advanced network infrastructure and adoption of highly advanced technologies are significant factors boosting the market in the region. The US and Canada spend a large amount of revenue in the Global Policy Management in Telecom Market in the region.

Asia‐Pacific region is expected to be growing at the highest CAGR in the Global Policy Management in Telecom Market. Due to increasing subscribers and growing data traffic in the region, growing smartphone users and the rise in digitization are several of the significant factors boosting the market in the region.

The Global Policy Management in Telecom Market is segmented on the basis of components, deployment, and organization size and network type. The component segment includes software and service. The service segment includes managed service and professional service. Managed Services can be defined as active supervision of an information technology asset or object, by a third party known as a MSP, on behalf of the end-user.

Segmentation on the basis of deployment includes cloud and on-premises. Cloud solution accounts for highest market share as it helps enterprises by minimizing cost associated with the IT infrastructure. Cloud solution enables enterprises to focus on core business competencies. It provides enterprises with data protection and security, efficiently managed storage and privacy issues, offers data integrity and provides information related to managing and coordinating business activities and helps increase overall business productivity.

The Global Policy Management in Telecom Market is expected to grow at approximately $1,606.95 Million by 2023, at 11% of CAGR between 2018 and 2023.

The operative distinction that sets apart a managed service program is the PROACTIVE delivery of their service, as compared to reactive IT services.

Key Players

The prominent players in the Global Policy Management in Telecom Market are – LM Ericsson Telephone Company (Sweden), Huawei Investment & Holding Co. Ltd. (China), Nokia Corporation (Finland), Amdocs Limited (U.S.), Oracle Corporation (U.S.), Astea International Inc. (U.S.), Comarch Sa. (Poland), Wipro Limited (India), Intracom Telecom (Greece), Genpact (U.S.) and others.

Segmentation

Global Policy Management in Telecom Market is segmented on the basis of component, network type, deployment and organization size.

Global Policy Management in Telecom Market by Component, By Solution, By Service (Professional services, Managed services). Global Policy Management in Telecom Market by Network Type, Fixed and Mobile. Global Policy Management in Telecom Market by Deployment, Cloud and On-Premises. Global Policy Management in Telecom Market by Organization Size, Small And Medium Organization, also Large Organization.

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