This research scrutinizes key players in the telecom technologies market including MVAS, BYOD and Enterprise Mobility, Mobile Money, Mobile Learning, Contactless Payment, Indoor Location, Mass Notification System, M2M Satellite Communication, Mobile CDN and Mobile User Authentication.
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Research N Reports is proud to announce the availability of a fresh new report in its repository that gauges the potential of the global market across various countries, applications, & types, and reveals the shares established companies have already reserved. The report, titled “Global Telecom Technologies Mark…orecast to 2021” has been developed with the sole purpose of serving as a credible business tool for its targeted audiences.
Top 10 Telecom Technologies:
MVAS, BYOD and Enterprise Mobility, Mobile Money, Mobile Learning, Contactless Payment, Indoor Location, Mass Notification System, M2M Satellite Communication, Mobile CDN and Mobile User Authentication
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The report starts with an overview of the existing market, presents an exhaustive analysis of various dynamics such as drivers, trends, restraints, and opportunities. It also provides valuation and prospects of various segments, and finishes off with a view of the competitive landscape by profiling a number of players who are currently holding a position of strength in the global Telecom Technologies market.
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“Reduction in queuing & transaction time and increased convenience in making low value payments are driving the contactless payment market”
The contactless payment market is estimated to grow from USD 6.70 billion in 2016 to USD 17.56 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 21.2% during the forecast period. Reduction in queuing & transaction time, increased convenience in making low value payments, ease of technology integration with existing cards, increased average transaction value, better customer insights, improved service delivery, and increased revenue opportunity are some of the driving factors of the contactless payment market.
High cost involved in deploying Embedded Parallel Operating System (EPOS) terminals and security issues related to the contactless technology act as major restraining factors for the growth of the contactless payment market.
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“Mobile apps to play a key role in the mobile money market by 2021”
Mobile apps are expected to have the largest market share in the mobile money market during the forecast period. The market share of mobile apps is expected to rise because these are built on software which are compatible for use in smartphones and can be easily operated.
Functions such as sending, receipt, and withdrawal of money as well as viewing account information and managing contacts can be done with these simple apps.
For a detailed competitive analysis, the Global Telecom Technologies Market is segmented on the basis of region, application, and product type. By region, the global sales market is divided into Asia-pacific, Europe, Latin America, the Middle East and Africa, and North America.
Major industries are concentrating on distributing their products and services across various provinces. Moreover, acquisitions and unions from some of the leading administrations are on the cards in the near future.
Efforts are being taken by most of the companies to improve their research and development activities to introduce innovations. Governments of many nations are also contributing towards the growth of the global market by increasing their funding.
All these factors are predicted to propel the Global Telecom Technologies Sales Market.
The report outlines data on each of the key players in the market conferring to their current company profile, gross margins, sale price, sales income, sales volume, product specifications along with pictures, and the latest contact information.
The Global Telecom Technologies Market is gaining pace and businesses have started understanding the benefits of analytics in the present day highly dynamic business environment. The market has witnessed several important developments over the past few years, with mounting volumes of business data and the shift from traditional data analysis platforms to self-service business analytics being some of the most prominent ones.
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