Subscriber Data Management Market Trends

Growth Drivers

• Increasing Penetration of 5G Subscription – The emergence of new needs in terms of the variety of data that can be stored and managed in the core network, as well as new use cases to be handled for subscriber authentication and service authorization across different network domains, is expected to drive the market for subscriber data management in the forecasted period, as SDM is expected to provide new solutions to handle a broader number of data types in a unified manner. According to recent data, by the end of 2022, 5G subscriptions are estimated to reach 1 billion.
• Rising Revenue of Telecom Network Functions Virtualization (NFV) Software – This is projected to grow from USD 7.5 billion in 2020 to more than USD 29 billion in 2025.
• Upsurge in the Information and Communications Technology (ICT) Spending on New Technologies – For instance, the global ICT spending on new technologies accounted for USD 891,000 million, in 2020.
• Growing Demand for Smart TVs – It was found that, by the end of 2020, 665 million homes worldwide owned a Smart TV, which is 34% of global households and is set to reach 51% by 2026.
• Increasing Number of Internet of Things (IoT) Connected Devices – According to estimates, worldwide about 18 billion devices to be connected to IoT by the end of 2022.

 Challenges

• Stringent Data Privacy Policy – With the rising subscribers, the risk of data invasion and data hacking is expected to hamper the market growth in the upcoming years.
• Concern about Declining Price per Subscriber of SDM Solutions
• Organizational Challenges of Communication Service Providers (CSPs)