Policy Management in Telecom Market to Witness Impressive Growth

Policy management in the telecom market is a critical tool for maintaining the integrity of telecom networks and assets while enabling the implementation of unique pricing models.

Market Trend

The policy management in the telecom market is categorized into several industry verticals, including transportation and logistics, BFSI (Banking, Financial Services and Insurance), education, consumer goods and retail, manufacturing, telecommunications and IT, healthcare and life sciences, government and public sector, and others. Among these, the BFSI industry vertical is expected to hold the largest market share.

Market Drivers

The market drivers of policy management in the telecom market include:

• The rising demand for network optimization and traffic management. As data traffic continues to increase, the ability to optimize network traffic through policy management is becoming increasingly important for operators seeking to stay ahead of rising bandwidth demands and manage their networks more effectively. These solutions enable operators to create policies and rules to prioritize network traffic, allocate resources efficiently, and manage congestion, resulting in better network performance, improved quality of service for customers, and reduced costs.
• The rapidly growing number of mobile users globally is driving the adoption of policy management solutions by telecom operators.
• By leveraging cloud-based services for policy management, telecom operators can reduce hardware costs and capital expenditure, making it an attractive option for telecommunications businesses. This feature is highly valuable for service providers seeking to streamline their operations and reduce costs while maintaining the integrity of their networks.
• Increasing need for personalization and customization of telecom services. Policy management solutions allow telecom operators to create policies and rules to prioritize network traffic, allocate resources efficiently, and manage network congestion, leading to better quality of service for customers.
• Growing importance of data monetization to generate revenue and stay competitive in the market.
• Rising need for network security and subscriber identity privacy.

Opportunities

The global policy management in telecom market divides into solutions and services based on components.

1. The solutions segment offers technology and software tools for effective policy management. This includes network management, traffic management, and data monetization solutions. This segment will grow rapidly due to rising demands for bandwidth-quality control. Solutions are crucial for operators to manage networks and services effectively.

2. The services segment provides consulting, training, and support for policy management. It includes installation, integration, and maintenance of policy management solutions. Managed services, such as outsourcing and cloud-based services, also fall into this segment. This segment will see steady growth due to the increasing need for effective support.

Both segments are vital for the policy management market’s growth. They will expand due to rising demands for network optimization and traffic management.

For more information on policy management in telecom, contact AFR-IX today.