Market Overview

The policy management in the telecom market will be acquiring a valuation of USD 1,606.95 Million, with a CAGR of 11% by the end of the forecast period.

In the telecom business, policy management is utilized to ensure that all telecommunication operators' crucial and essential policies are preserved. This aids in the preservation of the assets' and networks' integrity. It also aids the networks in showcasing alternative pricing strategies. Assume a cloud-based service is implemented as part of the strategic plan. In such circumstances, lowering the hardware and capital expenditure costs becomes much easier. This is usually one of the distinguishing features of all telecom operators. In the telecom sector, policy management makes it easier for operators to address strategies in all aspects of the business. It has substantially improved the operators' operating capacities while also significantly reducing costs.

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Industry News

The major key players in the market are LM Ericsson Telephone Company (Sweden), Genpact (U.S.), Huawei Investment Holding Co., Ltd. (China), Intracom Telecom (Greece), Nokia Corporation (Finland), Wipro Limited (India), Amdocs Limited (U.S.), Comarch Sa. (Poland), Oracle Corporation (U.S.) and Astea International Inc. (U.S.). The market has grown significantly because of mergers, collaborations, and acquisitions between them.

Market Segmentation

Based on the component, the market is further segmented by Solution and by Service. The solution category has been divided into Cloud storage gateway, Backup storage and disaster recovery, Primary storage, and Data archiving. The services category has been divided into Managed Services, Professional Services, Training and consulting, Cloud integration and migration, and Support and maintenance.

Based on the network type, the market is further segmented into Fixed and Mobile

Based on the deployment, the market is further segmented into Cloud storage and On-premises.

Based on the organization size, the market is further segmented into small and medium organizations and Large organizations.

Based on the regions, the market is further segmented into Europe, North America, the Asia-Pacific, and the Rest of the World (RoW).

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Regional Classification

North America is the region that dominates policy management in the telecom business. The network's improved infrastructure, more technology adoption, and digitalization are the factors contributing to the highest Policy Management in Telecom Market Share. The region's digitization is mostly attributable to the introduction of cutting-edge technology and the several economies that have benefited. Furthermore, North America is home to most the market's main players, giving it an advantage over other areas throughout the world. The expansion in North America is also attributable to an increase in the expectations of businesses to better their operations for a variety of reasons, including moving from on-premises to cloud servers.

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