Global Subscriber Data Management Market Size Forecasted to Reach USD 21.08 Billion by 2032, at 15.7% CAGR: Polaris Market Research Statistics Report
NEW YORK, Aug. 2, 2023 /PRNewswire/ -- A latest research report [115+] pages with 360-Degree visibility, titled "Subscriber Data Management Market Share, Size, Trends, Industry Analysis Report, By Solution (Subscriber Policy Management, Subscriber Data Repository, Subscriber Identity Management, and Subscriber Data Federation); By Deployment, By Application; By Region; Segment Forecast, 2023 - 2032" published by Polaris Market Research in its research repository.
"According to research report, the global subscriber data management market size/share was valued at USD 5.2 Billion in 2022 and is expected to touch USD 21.08 Billion by 2032, growing at a CAGR of 15.7% during the forecast period."
What is Subscriber Data Management? How Big is Subscriber Data Management Market Size?
Subscriber Data Management (SDM) plays a key role in modern telecommunications networks, simplifying the network upgrade path. SDM is a centralized storage system used by a network operator or telecommunication company that organizes and retrieves data related to specific subscribers in the network. It allows service providers to efficiently manage subscribers and records of user information. This system makes it easy to analyze and access data and implement changes as per need, as all subscriber data is centralized.
SDM manages information on 4G and 5G subscriptions like subscriber's identity, service preferences, subscribed services, contact details, and billing information. In addition, SDM maintains unique subscriber identities, such as International Mobile Subscriber Identity (IMSI) in mobile networks or IP addresses in IP-based networks. The rise in the usage of mobile devices globally is propelling the subscriber data management market size growth.
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Prominent Growth Driving Factors
Recent Trends Influencing the Market
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Based on the solution, subscriber data repository category dominated the market in 2022 owing to the rising augmentation of mobile devices along with increasing adoption of quick internet services worldwide, which has led to increased data generated by users. In addition, Furthermore, improvements in data repository solutions that enable service providers to capture and analyze data more efficiently, as well as the growing customer preference for personalized services specifically tailored to their specific needs and requirements, are also likely to accelerate the segment market growth.
On the basis of deployment subscriber data management market segmentation, cloud-based category registered the revenue share in 2022 due to its various advanced and favorable advantages, such as advanced security delivering real-time data access and analysis, as well as improved security measures to protect subscriber data. Moreover, cloud-based solutions reduce the requirement for upfront investments in hardware and infrastructure, lowers capital expenditure, and enable service providers to utilize the pay-as-you-go system. These factors are fueling the segment demand.
By application, mobile category is expected to have the greatest revenue share in the subscriber data management market throughout the predicted period. This growth can be attributed to the continuous growth of the mobile subscriber base due to the widespread adoption of smartphones, improved network coverage, declining data tariffs, and a significant rise in data traffic and consumption, which increased the need for advanced subscriber data management solutions.
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Subscriber Data Management Market: Report Scope
By geographical analysis, subscriber data management market in North America captured the largest share due to the wider adoption of advanced technologies, the presence of leading market players, especially in developed nations like the US & Canada, and growing investments of R&D. The growing use and necessity for these SDM solutions is being driven by the implementation of 5G networks, which demand dynamic management of subscriber profiles, real-time authentication, and seamless handover between network slices.
Moreover, Asia Pacific region is projected to grow at the fastest rate due to the growing internet connectivity, rising data demand, considerable telecommunications infrastructure upgrading, and widespread adoption of personalized services.
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Key Offerings of This Report
Polaris Market Research has segmented the subscriber data management market report based on solution, deployment, application, and region:
By Solution Outlook
By Deployment Outlook
By Application Outlook
By Region Outlook
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