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(MoneyNewsWire.Net, September 15, 2018 ) The Global Policy Management in Telecom Market was valued at USD 900.2 million in 2016 and is projected to reach USD 2359.34 million by 2025, growing at a CAGR of 11.3% from 2017 to 2025.
The policy management in telecommunications are utilized to maintain all the essential policies of the telecommunication operators which maintains a network’s integrity and their assets, allows for networks to present unique pricing models. Incorporating a cloud based service into the policy management in telecommunication management, the hardware costs, and capital expenditure can be decreased which is a valuable feature for the telecommunications operators.
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The main driving factors of the policy management in telecom market growth is the low operational cost of the management, the rapidly growing number of mobile users globally and the adoption of the cloud based policy management solution by Telecom Operators. Aside from these, the main factors that are restraining the growth of the policy management in telecom market growth is the implementation of telecom regulation across the globe and the increasing concerns that are related to the number of mobile user transactions.
Competitive Landscape:
The major players in the market are as follows:
Huawei Investment & Holding Co Ltd
Redknee Solutions
Nokia Corporation
LM Ericsson Telephone Company
Oracle Corporation
ZTE Corporation
Amdocs
Cisco Systems
Netcracker Technology Corporation
Openet
CSG International
Asiainfo
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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