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Communication Service Provider (CSP) Network Analytics Market Trends

  • Report ID: GMI8408
  • Published Date: Mar 2024
  • Report Format: PDF

Communication Service Provider Network Analytics Market Trends

Industry has witnessed a growing adoption of advanced network technologies. These technologies operate in real time, requiring ongoing monitoring and analysis to discover and resolve issues as soon as possible. The increased need for network automation demands sophisticated analytics capabilities. These solutions may be used with automation tools to automate operations like network configuration, anomaly detection, and resource provisioning, resulting in increased productivity and lower operating costs. Along with that, advanced network technologies, such as 5G networks, provide much faster data rates, lower latency, and the capacity to connect many more devices than previous generations.
 

However, due to the associated complexity, advanced analytics tools are required to manage huge data volumes, assure effective resource allocation, and maintain optimal network performance. For instance, in February 2023, telecommunications analytics solutions provider Mobileum introduced the newest iteration of its Active Intelligence Platform (AIP). This cloud-based platform utilizes big data capabilities to assist CSPs in handling the increasing volume, velocity, and intricacy of data produced by their networks. This underscores Mobileum's dedication to delivering sophisticated solutions for analyzing and enhancing network performance.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of CSP network analytics reached USD 1.8 billion in 2023 and is set to witness 12.5% CAGR between 2024 and 2032, led by the increasing demand for reliable and efficient network services.

The cloud segment held over 30% market share in 2023, as these solutions eliminate the need for communication service providers to invest in hardware infrastructure and software licensing upfront, considerably cutting their initial costs.

North America market share was over 30% in 2023, as the region is home to a large number of leading technology companies and inventive startups, pioneering the development and deployment of cutting-edge network technologies.

Accenture, Broadcom, Cisco, Ericsson, HPE, Huawei, IBM, Juniper, Nokia, and SAS.

CSP Network Analytics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 300
  • Countries covered: 25
  • Pages: 220
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