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Network Analytics Market Growth Projections and Opportunities
The CSP Network Analytics market is set to grow significantly. This kind of analytics helps telecom operators and service providers manage data traffic and simplify networks. The demand for better quality experiences (QoE) and the increasing use of automation and virtualization are key factors expected to drive market growth.
The global CSP Network Analytics Market is predicted to grow at a rate of 16.8% during the forecast period from 2018 to 2023. In 2017, software had the largest market share among the components, followed by services. There's been a notable increase in investments in developing the telecom infrastructure, especially in emerging economies.
The market is categorized based on components, deployment, organization size, end-users, and region. When it comes to deployment, the on-cloud segment is expected to be the fastest-growing, starting at a market value of USD 201.4 million in 2017 and projected to reach USD 584.3 million, growing at a rate of 19.9% during the forecast period. Regarding end-users, fixed operators held the largest market share in 2017, with a value of USD 397.4 million, expected to grow at a rate of 15.6%.
In simpler terms, the CSP Network Analytics market is growing because it helps telecom companies handle their data and simplify their networks. People want better quality experiences, and the use of automation and virtualization is making this market even more important.
The global market is expected to grow a lot, especially in developing countries where there's a focus on building better telecom infrastructure. The market has different parts, like software and services, with software being the most significant. The way these analytics are used, especially in the cloud, is becoming more popular and is expected to grow the fastest. Fixed operators, like those providing home internet, were the biggest users of this technology in 2017 and are expected to keep growing.
Covered Aspects:| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 23.80% |
Network Analytics Market Highlights:
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