Policy Management Software Market Size & Analysis - Forecasts To 2025 By Application (3G Broadband Networks, Fixed Line Broadband Networks, Cable Broadband Networks, WiMAX, and Long-Term Evolution Mobile Networks), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), End-use Landscape, Vendor Landscape, and Competitive Landscape - Global Market Estimates
Policy Management Software Market Insights:
The policy management software market is a type of centralized software that carries out functions such as customer self-provisioning, access control and authentication, and deployment for carrier network administrators, among others. Policy servers have evolved over the past few years and presently handle both static data and dynamic session-based data.
Policy management software is a key to good governance and compliance. A large number of network operators use policy solutions to generate revenue from new services that are developed in the policy management software. In the forecast period, the market is expected to grow owing to the increasing policy management vendors and new applications.
Wireless market has gained more popularity in the market due to the congestion and poor network management. The bandwidth management aids the smooth usage of the wireless network hence being a major concern for most of the organizations and network operators worldwide.
Machine to machine communication is expected to increase in the coming years due to which this market is expected to have a growth in the forecast period. It is used to launch new capabilities via API (application programming interface) by most of the network operators.
Policy Management Software Market: Application Insight
The policy management software market is segmented on the basis of application into Fixed Line Broadband Networks, Cable Broadband Networks, 3G Broadband Networks, WiMAX, and Long-Term Evolution Mobile Networks.
Fixed-line broadband networks are used for all the wired networks that are used for data and voice communications. With the use of a cable, a fixed line can be seen as a connection to an end customer. It is divided into the core network and access network. The access network allows many individual terminals whereas the core network lines predominantly have a high bandwidth for connecting computers to each other.
A cable uses the same infrastructure as a cable television. The cable internet access supplies network edge connectivity from the internet service provider to an end user. The two prominent forms of residential internet access are cable TV network and telecommunications network.
The 3G broadband network is the third generation of wireless telecommunication technology. It is used in mobile devices and mobile telecommunications networks which comply with such international devices. Also, it is used in voice telephony, fixed wireless internet access, mobile internet access, video calls and mobile TV.
WiMAX (Worldwide Interoperability for Microwave Access) is a wireless communication standard which provides media access control (MAC) and multiple physical layer (PHY) options. It was created by the WiMAX forum to promote conformity and interoperability of the standard.
LTE Mobile Network is a high-speed wireless communication for mobile devices and data terminals. It uses a different radio interface to increase the capacity and speed for the core network improvement. Only multi-band phones are able to use the LTE in all countries where it is supported as different LTE frequencies for different countries.
Policy Management Software Market: Regional Insights
The policy management market has been segmented region wise and the most prominent regions are the Americas and the EMEA and APAC regions. With the growing improvement in technology, these developed and developing countries are catching up and are expected to grow rapidly over the forecast period.
Policy Management Software Market: Competitive Insights
High maintenance and implementation costs are holding back the market. Reduction in churning and increase in value-added services and customer retention programs are affecting the market. There is always a challenge for the company to build relations with the customers. Creating innovative programs and using policy management to enable value added services are leading to expansion of the market. Some key vendors of the market are Alcatel-Lucent, Amdocs, BandWD, Tango, Tekelec, Telcordia, Elitecore, Ericsson, Broadhop, Comarch, Comptel, Comverse, Huawei, Intec, Intracom, Juniper, Nokia Siemens, Openet, Redknee, FTS, HP, VBS among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The global Policy Management Software Market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Policy Management Software Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies, and customer analytics.
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