Communication Service Provider Network Analytics Market - Size, Growth, Competitor Strategy and Trends by Forecast to 20

CSP Network Analytics Market Research Report – Forecast to 2023

Posted January 1,2020 in Science and Technology.

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Communication Service Provider Network Analytics Market - Size, Growth, Competitor Strategy and Trends by Forecast to 20

Overview:

The global market for Communication Service Provider Network Analytics Market is expected to catapult from USD 567.4 Million in 2017 to USD 1406.6 Million by the end of 2023, claims Market Research Future (MRFR) in a minutely analyzed research report. Factors such as an increase in number of smartphone users, rise in demand for quality experience (QoE) and enhancement of wireless infrastructure will help the market achieve a CAGR of 16.8% over the forecast period of 2017-2023.

There has been huge traffic across networks caused by the enhancement of wireless infrastructure, edge computing and rising adoption of Wi-Fi which aggravate the complexity for telecom providers to deliver quality services to users. This has necessitated management of networks by telecom operators and increased the need to integrate new elements and technologies with the current network infrastructure to provide quality of experience.

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The global Communication Service Provider Network Analytics Market has been segmented based on component, deployment, organization size, and end-user. Based on component, software is the leading segment which accounted for USD 361.6 million in 2017. It is expected to grow at a CAGR of 15.3% and attain USD 830.8 million by the end of 2023. By component, the services segment is expected to emerge as the fastest growing segment. The services segment is projected to grow at a CAGR of 19.1% and reach USD 575.9 Million by the end of 2023.

By deployment, the market has been segmented into on-cloud and on-premise. The on-premise segment accounted for the largest market share in 2017 while the on-cloud segment is expected to be the fastest growing segment over the forecast period. The on-premise segment is expected to catapult from USD 366.1 million in 2017 to USD 822.4 million by the end of 2023. The on-premise segment is expected to grow at a CAGR of 14.8 % while the on-cloud segment is expected to grow at a CAGR of 19.1 % over the forecast period. The on-cloud segment is likely to attain USD 584.3 million by the end of the forecast period.

Based on organization size, large enterprises is the leading segment and is expected to grow at a CAGR of 15.8 % over the forecast period. The large enterprise segment is projected to catapult from USD 403.1 million in 2017 to USD 951 million by the end of 2023. Small and medium enterprise segment is projected to be the fastest growing segment with a CAGR of 18.9% over the forecast period. The small and medium enterprise segment is foreseen to catapult from USD 164.4 million in 2017 to USD 455.7 million by the end of 2023.

End-user wise, the fixed operator segment is leading and is expected to grow at a CAGR of 15.6 % over the forecast period. The fixed operator segment is expected to reach USD 930.4 million by the end of 2023. Mobile operator segment is expected to be the fastest growing segment and expand at a CAGR of 19.1 % over the forecast period. The segment is likely to attain USD 476.3 million by the end of 2023. Increase in adoption of BYOD devices is expected to support the growth of the mobile operator segment.

Increase in a number of smartphone users across emerging economies is expected to provide impetus to the growth of the Communication Service Provider Network Analytics Market.  Increased penetration of 4G LTE technology in the fast developing nations of China and India have gained traction over the last few years and is expected to provide potential growth opportunities for the CSPs to implement network analytics technology.

Regional Analysis:

Accruing internet penetration, rising disposable income, nominal data tariff, and a decrease in cost of smart devices will help APAC to emerge as the fastest growing market for Communication Service Provider Network Analytics Market. The developing countries of the Asia Pacific region such as China, India, and others have endeavored to boost their network infrastructure which has contributed significantly to the growth of the APAC market. Global players in the Communication Service Provider Network Analytics Market market such as Nokia, Cisco, and Ericsson AB have large presence in the Asia Pacific and the Middle East regions and are investing heavily in installation and training services which are expected to open new avenues of business in the APAC region.

Currently, North America is at the forefront of the global Communication Service Provider Network Analytics Market market and accounted for 37.08% share of the global market in 2017, i.e., USD 210.4 Million. The concentration of major players in the region, deep penetration of smartphones and huge investments by CSP providers towards the development of network infrastructure can be attributed for the dominance of North America.

Europe is the second largest market for Communication Service Provider Network Analytics Market. The Europe market was valued at USD 160.3 Million and accounted for 28.2% share of the market in 2017.

Competitive Tracking:

The notable players in the global Communication Service Provider Network Analytics Market include Accenture Plc (Ireland)., Allot Communication (Israel), Cisco Systems Inc. (US), IBM Corporation (US),  Sandvine Corporation (Canada), Nokia Corporation (Finland), Juniper Networks Inc. (US),SAS Institute Inc. (US),Tibco Software (US), and Broadcom Inc. (US).

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