- The key vendors in the Global Big Data and Analytics Market in Telecom Industry 2014-2018 are Accenture PLC, Cisco Systems Inc., Informatica Corp. and Salesforce Inc.
London, 10 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Big Data and Analytics Market in Telecom Industry 2014-2018. The emergence of AaaS, which reduces the cost of ownership for organizations, is a major trend in the market. This approach allows organizations to deploy big data analytics solutions tailored to their business needs. The Global Big Data and Analytics market in Telecom Industry is expected to grow at a CAGR of 28.28 percent during the period 2013-2018.
Telecom companies have access to a large volume of data about customers and their usage patterns, which can be analyzed with analytic tools for useful insights. There is a great need for telecom companies to avoid fall in their revenue and reduce customer churn, which is possible only by understanding the customers well and making innovations on their current business models. Usage of big data analytics can help telecom companies generate new streams of revenue and reduce customer churn.
“Companies are striving for competitive advantage by differentiating their products and services from other competitors,” says Faisal Ghaus, Vice President of TechNavio Research.
“Big data analytics is considered as a key driver for generating this competitive advantage for telecom service providers.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
