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A complicated interplay of technological improvements, enterprise trends, and the evolving wishes of Communication Service Providers characterizes the market dynamics of CSP (Communication Service Provider) Network Analytics. Network Analytics, a subset of large information analytics, includes the examination of statistics from telecommunications networks to extract insights and optimize performance. One key motive force of market dynamics in this space is the relentless expansion of telecommunications networks and the growing complexity of offerings supplied by way of CSPs. The need for real-time insights and proactive network control is an important issue shaping the CSP Network Analytics market. With the exponential boom in information visitors and the various variety of offerings offered by CSPs, the capacity to investigate community information in real time becomes essential for identifying and addressing potential troubles promptly. Network Analytics answers allow CSPs to optimize the community's overall performance, beautify user experience, and correctly allocate resources.
Security considerations also play a pivotal function in the market dynamics of CSP Network Analytics. As verbal exchange networks become more interconnected and cyber threats become increasingly state-of-the-art, CSPs face the challenge of safeguarding their networks and ensuring the integrity of the services they offer. Network Analytics solutions that include superior security analytics help CSPs hit upon and respond to safety threats successfully. The evolution of artificial intelligence (AI) and machine learning (ML) technology appreciably impacts the CSP Network Analytics market dynamics. AI and ML algorithms empower Network Analytics solutions to analyze tremendous amounts of statistics, pick out patterns, and make intelligent predictions. This functionality is instrumental in predicting and stopping network outages, optimizing network resources, and imparting valuable insights for strategic choice-making.
The regulatory panorama additionally influences the market dynamics of CSP Network Analytics. Compliance with regulatory requirements and standards, which include facts, privacy policies, and pleasant service standards, is a vital consideration for CSPs. Network Analytics answers that facilitate compliance monitoring and reporting play an essential position in helping CSPs navigate the regulatory environment. Collaboration and partnerships among CSPs and Network Analytics answer vendors make contributions to the market dynamics. As CSPs seek to enhance their community abilities and supply innovative services, they frequently turn to specialized companies providing advanced analytics answers. Strategic partnerships allow CSPs to leverage the information of analytics providers, accelerating the deployment of modern-day answers.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Component, Deployment, Organization size, End user, and Region |
CSP Network Analytics Market Highlights:
CSP Network Analytics Market Overview
The CSP Network Analytics Market is projected to grow from USD 2.02 billion in 2024 to USD 5.83 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 14.14% during the forecast period (2024 - 2032). Additionally, the market size for CSP network analytics was valued at USD 1.74 billion in 2023.
Increased adoption of visualization and automation also the development of wireless network infrastructures are the key market drivers enhancing the market growth.
Figure 1: CSP Network Analytics Market Size, 2023-2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
CSP Network Analytics Market Trends
Rising automation and visualization is driving the market growth
Market CAGR for CSP network analytics is being driven by the rising adoption of automation. The market for CSP network analytics is anticipated to expand significantly. The market expansion is attributed to rising automation and virtualization adoption rates as well as rising quality of experience (QoE) maintenance need. The development of wireless infrastructure, fueled by the expanding use of Wi-Fi access points, 4G networks, VoLTE, edge computing, and carrier aggregation have drastically boosted network traffic. By utilising existing networks, these technologies make it more difficult for telecom providers to offer end consumers high-quality services. Because of this, the end user could see low-quality films and longer buffer times when streaming videos, which lowers the level of service that telecom subscribers offer. In order to manage networks, telecom operators must now provide both quality of experience (QoE) and quality of service (QoS). The number of smartphone users and the demand for enhanced network connectivity are both anticipated to rise as a result of these reasons.
Additionally, governmental agencies are increasing their maintenance spending for system infrastructure while also supporting programs for project creation, modernization, and improvement. ICT vendors now set aside money each year to support the expansion of the online market as a result of the investments' success. It is expected that ICT exports will rise 3.9% year, from US$784.3 billion in 2021 to US$955.19 billion in 2030. Since 2009, the supply has grown by 9.5% annually. Ireland ranked top in the world for ICT exports in 2021 with US$ 169.32 billion. China was ranked fourth, followed by the United States at number two and India at number three. Brunei has grown by 228.2% annually since 2009, whereas Sierra Leone has declined by 61.7% on a yearly basis.
Telecom firms may now evaluate network data and statistics using CSP network analytics, which enables them to spot communication trends and patterns. In order to save costs and streamline operations, CSPs must evaluate the feasibility of their networks despite the rising data traffic and declining revenue per user. Addressing the network complexity that has arisen as a result of the introduction of new technologies, including as 5G, IoT, and cloud, is the main driver of this expansion. Thus, driving the CSP Network Analytics market revenue.
CSP Network Analytics Market Segment Insights
CSP Network Analytics Component Insights
The CSP Network Analytics market segmentation, based on component includes software and service. The software segment dominated the market. Communications service providers (CSPs) continue to face difficult market dynamics: customers want services that are more dynamic, personalized high-capacity, and low-latency; competition from adjacent players like web scalers and new entrants threatens CSPs; and investors demand higher capital and operational efficiency. Most of the increase in spending on telecommunications software and professional services (TSPS) will come from CSPs' efforts to address the three business imperatives.
CSP Network Analytics Deployment Insights
The CSP Network Analytics market segmentation, based on deployment, includes cloud, and on-premise. The cloud category generated the most income. To transform into real digital service providers, communication service providers (CSPs) are investing a significant amount of money in cloudification as well as other cutting-edge technologies like 5G, automation, artificial intelligence, and data analytics. They aim to make new use cases and ecosystems possible so that revenue growth can resume.
CSP Network Analytics Organization Size Insights
The CSP Network Analytics market segmentation, based on organization size, includes SMEs, and large enterprises. The SMEs category is expected to grow fastest. For communication service providers (CSPs), the small- and medium-sized firm (SME) market offers great promise, and to unlock fresh development in this industry, they will need to change their strategy. Boston Consulting Group (BCG) painted a bleak picture of the prospects of the telecoms sector in 2020. The sector has only created a five-year average annual total shareholder return of 6.3%, ranking it 28th out of 33 examined industries in terms of value creation. For CSPs, the SME market offers a substantial and mostly untapped opportunity.
CSP Network Analytics End User Insights
The CSP Network Analytics market segmentation, based on end users, includes mobile operators, and fixed operators. The mobile operator category generated the most income. CSPs require more than real-time accurate data to enable improved digital engagement and personalized experiences. To learn important customer insights, find operational efficiencies, forecast future demand, and develop new services that customers want, they require powerful mobile network analytics. All of that only has one minor flaw: Very few CSPs really analyze their network data to carry out any of those tasks.
Figure 2: CSP Network Analytics Market, by end user, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
CSP Network Analytics Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American CSP Network Analytics market area will dominate this market, owing to an increase in investments for the development of wireless infrastructure. Additionally, the presence of leading market players will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: CSP NETWORK ANALYTICS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe CSP Network Analytics market accounts for the second-largest market share due to the growing telecommunication industry. Further, the German CSP Network Analytics market held the largest market share, and the UK CSP Network Analytics market was the fastest growing market in the European region
The Asia-Pacific CSP Network Analytics Market is expected to grow at the qucikest CAGR from 2023 to 2032. This is due to increase in adoption of smartphones and rising automation across sectors. Moreover, China’s CSP Network Analytics market held the largest market share, and the Indian CSP Network Analytics market was the fastest growing market in the Asia-Pacific region.
CSP Network Analytics Key Market Players & Competitive Insights
Leading market players are spending time and capital in R&D activities to introduce new and innovative services, which will help the CSP Network Analytics market, grow even more. Market participants are also adopting a variety of strategies to extend their presence, with vital market developments including product innovations, contractual agreements, mergers & acquisitions, better investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, CSP Network Analytics industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the CSP Network Analytics industry to benefit clients and increase the market sector. In recent years, the CSP Network Analytics industry has offered some of the most significant advantages to medicine. Major players in the CSP Network Analytics market, including Accenture Plc, Nokia Corporation, Allot Corporation, Juniper Networks Inc., Cisco Systems Inc., SAS Institute Inc., IBM Corporation, Tibco Software, Sandvine Corporation, Broadcom Ltd., and others, are trying to enhance market demand by investing in research and development operations.
A communications and information technology business, Nokia Corp. (Nokia) specialises in network infrastructure and cutting-edge technologies. Fixed networks, mobile devices, BSS/OSS, IP routing, optical networks, private networks, data centres, radio controllers, network implementation, Internet of Things, and 5G services are all available. Nokia also provides application services, network management, managed services, analytics, and network security. Mobile network operators, businesses, government agencies, the public sector, financial institutions, retailers, the energy and resources sector, the automotive, healthcare, logistics, manufacturing, and transportation industries are all served by Nokia. In February 2023, In order to give communication service providers (CSPs) greater and more affordable analytical capabilities, Nokia has announced the release of AVA Customer and Mobile Network Insights, a cloud-native analytics software solution. AVA Customer and Mobile Network Insights makes it easier to collect and analyse 5G network data.
Juniper Networks Inc. (Juniper) designs, develops, and distributes products and services to to enable high-performance network infrastructure. The company's key products include routing, switching, and security solutions, all of which help end customers benefit from automation's benefits of agility, efficiency, and value. It provides services such as technical assistance, professional advice, implementation, migration, managed consulting, maintenance, and education. Additionally, Juniper offers technology for Wi-Fi, network security, AI-enabled enterprise networking, and software-defined networking. The company provides its services to a wide range of sectors, including international financial service providers, telecom firms, retail businesses, governmental organizations, and institutes of higher learning and scientific research. In March 2020, A pioneer in secure AI-driven networks, Mist Systems, a Juniper Networks company, recently introduced Mist Premium Analytics, a new service that provides businesses with a comprehensive network visibility and business insights platform to support the growing needs of digital transformation initiatives.
Key Companies in the CSP Network Analytics market include
- Accenture Plc
- Nokia Corporation
- Allot Corporation
- Juniper Networks Inc.
- Cisco Systems Inc.
- SAS Institute Inc.
- IBM Corporation
- Tibco Software
- Sandvine Corporation
- Broadcom Ltd
CSP Network Analytics Industry Developments
Cisco, a manufacturer of telecommunications equipment based in the United States, will acquire Accedian, a provider of network performance monitoring software, in June 2023. The acquisition is intended to meet the increasing demand for accurate performance data and to offer communication service providers (CSPs) and webscalers real-time, actionable insights. Precise, granular performance visibility is a fundamental prerequisite for closed-loop automation, agile telco cloud environments, and latency-sensitive 5G services, as microseconds impact consumers and the customer experience. Throughout this period, Cisco and Accedian have worked together via the Cisco SolutionsPlus program to provide service provider clients with a joint automation and assurance solution. Cisco possesses an exceptional opportunity to integrate the data from Accedian's advanced network performance and user experience monitoring functionalities for CSP clients into the cloud-based Cisco ThousandEyes system, thereby ensuring comprehensive network assurance. In order to broaden its range of services for resolving network issues that may compromise the quality-of-service assurance provided by carriers for private 5G networks and critical enterprise applications, Cisco intended to acquire Accedian. Cisco intends to incorporate the network performance monitoring technology developed by Accedian into its Network Assurance suite. The acquisition is anticipated to be finalized during the initial quarter of the organization's fiscal year 2024.
TPG Telecom and Ericsson have reached an agreement in August 2023 for the provision of analytics tools to consumers, with the objective of identifying and enhancing mobile network performance. By leveraging Ericsson's Expert Analytics and EXFO Adaptive Service Assurance, the proposed solution provides TPG's Technology, Network, and Care teams with a comprehensive, end-to-end understanding of the individual subscriber experience. Through data collection with embedded intelligence, the solution, according to TPG, would also provide the company with insights from its 4G and 5G mobile, Fixed Wireless Access, and IoT subscribers in order to foresee, prioritize, and resolve performance issues in real time.
October 2022: The Oracle Network Analytics Suite was made public by Oracle. The purpose of the new cloud-native portfolio of analytics tools is to help operators make better educated, automated decisions about the overall stability and performance of their whole 5G network core. It does this by combining diverse network function data with machine learning and artificial intelligence.
CSP Network Analytics Market Segmentation
CSP Network Analytics Component Outlook (USD Billion, 2018-2032)
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Software
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Service
CSP Network Analytics, Deployment Outlook (USD Billion, 2018-2032)
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Cloud
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On-Premise
CSP Network Analytics Organization Size Outlook (USD Billion, 2018-2032)
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SMEs
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Large enterprises
CSP Network Analytics End User Outlook (USD Billion, 2018-2032)
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Mobile Operator
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Fixed Operator
CSP Network Analytics Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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