The primary factors that are driving the rise of this market are the adoption of cloud-based policy management solutions by telecom operators.
The Policy Management in Telecom market was valued at USD 898.5 Million in 2018 and is projected to reach USD 1,617.1 Million by 2026, at a CAGR of 11.1% during the forecast period. The rising deployment of cloud-based policy management systems by telecom operators, rising revenue generation for telecom operators, and increased implementation of integrated policy management systems by telecom operators are the factors driving the market.
Another factor responsible for the growth in the market is growing demand and implementation of Information Technology (IT) services across the world.
High capital expenditure, rising competition among industry players and variations in government rules and regulations acts as a restraint for the market.
This report comprises drivers, restraints, opportunities, and challenges pertaining to the API testing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
Key players in the policy management in telecom market include LM Ericsson Telephone Company (Sweden), Huawei Investment & Holding Co., Ltd. (China), Nokia Corporation (Finland), Amdocs Limited (US), Astea International Inc. (US), Comarch SA (Poland), Wipro Limited (India), Intracom Telecom (Greece), Genpact (US) and Oracle Corporation (US) among others.
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Further key findings from the report suggest
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Segments covered in the report:
For this report, the market has been divided into segments on the basis of network, components, deployment types and regional analysis.
Global Policy Management in Telecom Market, By Network-Type (Revenue, USD Million; 2016–2026)
Global Policy Management in Telecom Market, By Integrant (Revenue, USD Million; 2016–2026)
Global Policy Management in Telecom Market, By Deployment (Revenue, USD Million; 2016–2026)
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Global Policy Management in Telecom Market, By Region (Revenue, USD Million; 2016–2026)
Finally, all aspects of the Policy Management in Telecom market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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