The key players in the data monetization market 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.
NEW YORK, Nov. 29, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Data Monetization in Telecom Global Market Report 2022: Implications of the Ukraine-Russia War” – https://www.reportlinker.com /p06368526/?utm_source=GNW
The global data monetization market is expected to grow from USD 3.08 billion in 2021 to USD 3.76 billion in 2022, at a compound annual growth rate (CAGR) of 22.0%. The Russia-Ukraine war has undermined the global economy’s chances of recovering from the COVID-19 pandemic, at least in the short term. The war between the two countries has led to economic sanctions in several countries, soaring commodity prices and disrupting supply chains, affecting many markets around the world. Data monetization in the telecom market is expected to grow to $8.28 billion by 2026, at a CAGR of 21.8%.
Data monetization in the telecom market includes the sale of data monetization services by entities (organizations, sole traders and partnerships) that use data and analyze it to learn more about their business to improve network performance, drive marketing Work and improve sales and customer experience. Data monetization in telecom refers to the practice of data monetization of unstructured data in the telecom industry to create valuable insights and gain economically quantifiable benefits.
This helps telecom service providers generate valuable insights, increase sales and improve customer experience.
The main components of data monetization in the telecom market are tools and services. Tools refer to various analytical tools, such as BI software and data integration tools, used to process large amounts of data to create meaningful information.
The data types are customer data, product data, financial data, and supplier data. Organization types are Small and Medium Enterprises (SME) and Large Enterprises.
Provides on-premises and cloud deployment types.
North America is the largest region for data monetization in the telecom market in 2021. The regions covered in this telecom market data monetization report include Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increase in data volumes of enterprises is expected to drive the growth of data monetization in the telecom market in the future. Enterprise data refers to information exchanged by users within a company, often across departments and/or geographic regions.
Most telcos currently have raw enterprise data that they use to determine how to change their business models to include new data monetization channels. For example, in November 2020, the amount of enterprise data in all organizations worldwide doubled every 1.2 years, according to 3RDi, a US-based artificial intelligence enterprise solution. Additionally, in March 2020, US business magazine Forbes reported that to structure and optimize enterprise data, 67% of enterprises already rely on data integration, and 24% plan to do so within the next 12 months. Hence, the increase in the volume of enterprise data is driving data monetization in the telecom market.
Monetizing data through 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 focused on developing and acquiring advanced analytics to maintain their position in the market.
For example, in January 2020, Quantzig, an India-based telecom data monetization provider, launched an advanced telecom data analytics solution to help solve complex problems in the telecom industry, including data monetization using big data, artificial intelligence and machine learning with the Internet of Things. It helps telecommunications companies that have started using customer data to improve various business processes with advanced analytics.
In May 2022, Atos, a French information technology company providing telecommunications data monetization services, partnered with VMware for an undisclosed amount. The partnership will help the two companies deliver comprehensive capabilities to accelerate the creation of the “data space.” Platforms called “dataspaces” can increase data sharing, collaboration and monetization between businesses or industries, including telecommunications. VMware is a cloud computing and virtualization technology company based in the United States, helping telecom service providers build, operate, secure and monetize their telecom clouds.
The countries covered in the Telecom Market Data Monetization report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Telecom Market Data Monetization Research Report is one of the new reports in the series that provides Telecom Market Data Monetization statistics, including global market size, regional share, Telecom Market Data Monetization competitors, Telecom Segment Data Monetization details , market trends and opportunities, and any other data you may need to thrive in data monetization in the telecommunications industry. Data Monetization in this Telecom Market research report provides a complete perspective of everything you need and an in-depth analysis of the current and future scenarios of the industry.
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