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 the telecom market is segmented into solutions and services based on components.

1. The solutions segment provides the technology and software tools necessary to implement effective policy management systems. This includes network management systems, traffic management systems, and data monetization solutions, among others. The solutions segment is expected to have a significantly rapid revenue growth rate over the forecast period, driven by the increasing need to control the quality of experience of bandwidth-sensitive services. The solutions offered in this segment are critical to the growth of the policy management market because they provide the technology and functionality required by operators to effectively manage their networks and services.
2. On the other hand, the services segment of the Policy Management In Telecom Market provides consulting, training, and support services related to policy management. This segment includes professional services such as installation, integration, and maintenance of policy management solutions. It also includes managed services such as policy management outsourcing, cloud-based services, and others. The services segment is expected to have steady revenue growth over the forecast period. The growth is driven by the increasing need for support services to help operators integrate and maintain policy management solutions effectively.

Both segments are critical to the growth of the Policy Management in Telecom Market and are expected to experience growth over the forecast period, driven by the increasing demand for network optimization, traffic management, and cost control in the telecom industry.

To better understand and benefit from policy management in the telecom market, contact AFR-IX today for more information.