Research Nester published a report titled “Subscriber Data Management Market: Global Demand Analysis & Opportunity Outlook 2033” which delivers detailed overview of the global subscriber data management market in terms of market segmentation by solution, network type, deployment model, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global subscriber data management market is anticipated to grow with a CAGR of ~18% during the forecast period, i.e., 2023-2033. The market is segmented by deployment model into cloud on-premises and hybrid. Out of these segments, the cloud segment is anticipated to garner the largest market share over the forecast period, owing to the expansion of cloud industry. In addition, increasing use of personal cloud storage is also expected to boost the growth of the segment in the coming years.
The global subscriber data management market is estimated to garner a moderate revenue by the end of 2033, backed by the increasing number of smart tv and mobile subscriptions worldwide. Various features provided by subscriber data management, including simplifying subscriber and services management are also projected to boost sales in the coming years. Moreover, the rising information and communications technology (ICT) spending on new technologies well as isgrowing demand for telecom network functions virtualization (NFV) software also projected to propel the growth of the market during the forecast period.
Geographically, the global subscriber data management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is estimated to garner the largest market share over the forecast period, owing to the rising penetration smartphones.
Apart from this, the market in Asia Pacific is anticipated to register significant growth in the coming years.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Increasing Adoption of Artificial Intelligence Technology to Drive the Market Growth
According to the data, artificial intelligence will account for more than USD 15 trillion of global GDP in 2030.
The adoption of AI technology is expected to accelerate the market growth in the coming years, as AI technology helps toautomate and accelerate data preparation tasks, also it generates data models, and assist in data exploration, which further improves application performance across diverse industries.Moreover, the increasing technological advancements as well as the increasing growth of the IT & Telecom industry are also expected to drive the growth of the global subscriber data management market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the of global subscriber data management market which includes company profiling of Cisco Systems, Inc., Hewlett Packard Enterprise Company, Huawei Technologies Co., Ltd, Nokia Corporation, Oracle Corporation, Telefonaktiebolaget LM Ericsson, ZTE Corporation, Amdocs Inc., R Systems Inc., Sandvine Corporation. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the of global subscriber data management market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.