Report : Middle East & Africa Subscriber Data Management Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Solution (User Data Repository, Subscriber Data Federation, Policy Management, and Identity Management), Network Type (Fixed Networks and Mobile Networks), Deployment (Cloud and On-Premise), and Application (Voice Over IP and Mobile)
Voice Over IP Segment to Dominate MEA Subscriber Data Management Market During 2021–2028
According to a new market research study on “MEA Subscriber Data Management Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Solution, Network Type, Deployment, and Application” is expected to reach US$ 842.39 million by 2028 from US$ 312.66 million in 2021. The market is estimated to grow at a CAGR of 15.2% from 2021 to 2028. The report provides trends prevailing in the MEA subscriber data management market along with the drivers and restraints pertaining to the market growth. Burgeoning growth opportunities in developing economies and increasing investments for product innovation and growth are the major factor driving the growth of the MEA subscriber data management market. However, problems related to flexibility and data size hinders the growth of MEA subscriber data management market.
In case of COVID-19, MEA is highly affected especially Turkey followed by South Africa, Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. Saudi Arabia's economy shrank by 7% in the second quarter, indicating how hard the latest coronavirus struck both the oil and non-oil industries, and unemployment reached a new high of 15.4%. MEA is generally an importer of servers and hardware required for the market. The sudden outbreak of the pandemic, restricted import activities from across the globe thereby negatively impacting the market in the region. However, with the population forced to stay indoors due to the rising case of COVID-19 across the region, it has experienced a rise in subscription across various streaming platforms. For instance, In April 2020, the number of consumers of streaming video content in the MEA area increased by 141%. Similarly, when lockdowns were imposed across the area to prevent the spread of Covid-19, the UAE-based video streaming service Starzplay saw a significant increase in subscribers and usage hours. From 1.25 million at the end of 2019 to 1.85 million in September 2020, the number of customers has increased by 600,000. Thus, the sudden rise in subscribers across the region is positively impacting the growth of the market.
The MEA subscriber data management market is segmented on the basis of solution, network type, deployment, application, and country. Based on solution, the market is bifurcated into user data repository, subscriber data federation, policy management, and identity management. The user data repository segment dominated the MEA subscriber data management market in 2020 and subscriber data federation segment is expected to be fastest growing during forecast period. Based on network type, the market is sub segmented into fixed networks and mobile networks. The fixed networks segment dominated the MEA subscriber data management market in 2020 and mobile networks segment is expected to be fastest growing during forecast period. Based on deployment, the market is divided into cloud and on-premise. The cloud segment dominated the MEA subscriber data management market in 2020 and same segment is expected to be fastest growing during forecast period. By application, the market is bifurcated into voice over IP and mobile. The voice over IP segment dominated the MEA subscriber data management market in 2020 and mobile segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
Cisco Systems, Inc.; Enea AB; Hewlett Packard Enterprise Development LP (HPE); Huawei Technologies Co., Ltd.; Nokia Corporation; Oracle Corporation; R Systems International Limited; Sandvine; Telefonaktiebolaget LM Ericsson; and ZTE Corporation are among the leading companies in the MEA subscriber data management market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, R Systems has achieved a Gold Partner status with Automation Anywhere Inc., which is a global Robotic Process Automation tool leader. This is expected to put R Systems in the forefront of transforming organizations by implementing innovative and integrated automation solutions, resulting in productivity gains and improved customer experience.