Policy Management in Telecom Market Size, Revenue Share, Drivers...

Policy Management in Telecom Market Size, Revenue Share, Drivers & Trends Analysis, 2023–2032

Posted 2023-05-02 09:49:29

The global Policy Management in Telecom Market size is expected to reach USD 4.93 Billion in 2032 and register a revenue CAGR of 11.4% over the forecast period, according to the latest report by Reports and Data.

The increasing adoption of cloud-based policy management solutions by telecom operators is also expected to drive market revenue growth during the forecast period. Cloud-based solutions offer many advantages, including ease of access, scalability, and cost-effectiveness. With cloud-based solutions, users can access policy documents from anywhere with an internet connection, which can increase productivity and efficiency.

Cloud-based policy management solutions also offer features such as real-time audit trails, auto-archiving, tracking, and competency assessment, which can improve policy management processes and increase demand for these solutions.

In addition, increasing penetration of the internet and increasing need for effective and affordable policy management solutions are expected to drive market revenue growth during the forecast period. As more businesses and organizations adopt digital solutions, the demand for effective policy management solutions is expected to increase.

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Key Players Operating in Global Policy Management in Telecom Market

Telefonaktiebolaget LM Ericsson
Nokia
Huawei Technologies Co. Ltd.
Cisco Systems Inc.
ZTE
OpenET
Amdocs
Comarch SA
SUBEX
Accenture
Oracle.

Some Notable Innovations in the Policy Management in Telecom Market are:

The Small and Medium Enterprises SMEs segment is expected to register a rapid revenue growth rate during the forecast period due to its comprehensive risk management solutions and advanced security features suitable for a range of business environments. The rising number of SMEs has led to a rise in the adoption of policy management in the telecom industry.
The IT and telecommunication segment is expected to register a steady revenue CAGR over the forecast period due to the increasing need to achieve better network connectivity with effective pricing. Increasing implementation of policy management in the telecommunication and IT industry to maintain the integrity of the assets and the networks and to establish better and more secure connections is expected to drive the revenue growth of the segment over the forecast period.
Policy management in telecom market in North America is expected to account for the largest revenue share over the forecast period. The presence of major policy management solution providers such as Oracle Corporation, and Amdocs Limited, among others, is expected to drive revenue growth of the market in the region.
In November 2021, Nokia Corporation announced plans to launch a cloud-based software subscription service to provide software for security, analytics, and data management to telecom companies. The software collection will be available by early 2022. Cloud-based software is expected to decrease operating costs significantly.

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