Mobile fuels strong growth in policy management market, says Infonetics
Mobile deployments are fueling strong growth in the policy management market, which reached $1 billion last year and is expected to grow to $2.5 billion by 2018, according to Infonetics Research.
Voice over LTE (VoLTE) is a major driver behind policy management revenue growth as operators look to ensure quality of service for voice traffic, notes Infonetics.
At the same time, policy management market growth has begun to slow in developed markets, while market growth is stronger in emerging markets.
"The explosive growth we've seen in the policy management market over the last few years has slowed to an extent in the more developed markets, where many of the major operators have made their vendor selections, often in conjunction with their LTE deployments, and ongoing spending is related to license expansions and additional use cases," notes Shira Levine, directing analyst for service enablement and subscriber intelligence at Infonetics Research.
"However, momentum continues in emerging markets in regions such as Asia, Africa, and Eastern Europe, where the competitive environment is often intense and growing smartphone adoption is driving mobile broadband consumption," Levin adds.
Huawei was the leading policy management vendor in terms of revenue last year, followed by Ericsson. Other vendors include Alcatel-Lucent, Amdocs, BandWD, Cisco, Comptel, Comverse, Elitecore, HP, Juniper, Openet, Redknee, Tekelec and Volubill.
In another study, Transparency Market Research estimates that the policy management software market will reach $1.9 billion by 2016, with wireless being the most popular market segment.
"Most network operators are using policy management software to launch new capabilities via secure API networks with third parties. The increasing number of machine to machine connection in next few years will possibly drive the growth of policy management software industry as operators use policy solutions to identify, manage and track machine to machine traffic," explains the research firm in a release.
- see the Infonetics release
- check out Transparency Market Research's release
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