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According The Business Research Company’s research report on data monetization in telecoms market, the increase in the volume of enterprise data is expected to propel the growth of data monetization in the telecommunications market in the future. Enterprise data refers to information that a company’s users typically exchange across departments and/or geographies. Most telecom companies currently have raw business data, which is used to determine how to modify their business model to include new data monetization channels. For example, in November 2020, according to 3RDi, a US-based, AI-powered enterprise solution, every 1.2 years the amount of enterprise data in all organizations around the world doubles. Moreover, in March 2020, according to Forbes, an American business magazine, to structure and optimize enterprise data, 67% of companies already rely on data integration, and 24% aim to do so in the next few years. next 12 months. Hence, increasing volume of enterprise data is driving data monetization in telecom market.
Global data monetization in telecommunications market size should go from $3.08 billion in 2021 to $3.76 billion in 2022 at a compound annual growth rate (CAGR) of 22.0%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. Data Monetization in Telecom Market Growth Expected to Reach $8.28 billion in 2026 at 21.8% CAGR.
Data monetization with advanced analytics is a key trend gaining popularity in data monetization in the telecom market. Major companies operating in the telecom market data monetization market are focusing on developing and acquiring advanced analytics to maintain their position in the market. For example, in January 2020, Quantzig, an Indian telecom data monetization provider, launched advanced telecom data analytics solutions that help tackle the complexities of the telecom industry, including monetization data using big data, artificial intelligence and machine learning. with the Internet of Things. It helps telecom companies that have started using customer data to improve various business procedures with advanced analytics capabilities.
Major players in the telecom market data monetization are Accenture plc, Capgemini SE, Cisco Systems Inc, Google LLC, Intel Corporation, Lynx Software Technologies Inc, Redknee Inc., SAP SE, NetScout Systems Inc, IBM, iConnectiva, 1010data, SQLstream Inc, Mahindra Comviva, Infosys Limited and Atos.
Global telecom market data monetization is segmented by component into tools, services; by type of data into customer data, product data, financial data, supplier data; by type of organization into small and medium-sized enterprises (SMEs), large enterprises; by deployment type on-premises, in the cloud.
In 2021, North America was the greater region in terms of data monetization in the telecom market. Regions covered in this Data Monetization in Telecom market research report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America , the Middle East and Africa.
Global Data Monetization in Telecom Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is part of a series of new reports from The Business Research Company which provide Data Monetization in Telecom Market overview, Data Monetization in Telecom Market forecast size and growth, Data Monetization in Telecom Market segments and geographies, Monetization Data in Telecommunications Market Trends, Data Monetization in Telecommunications Market Drivers and Restraints, Data Monetization in Telecommunications Market Leader Competitor Revenues, Profiles and Market Shares in More 1,000 industry reports, covering more than 2,500 market segments and 60 geographies.
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