According to Infonetics Research, the management software market reached $1 billion in 2013 and is expected to reach $2.5 billion by 2018. Further, mobile deployments have been the key growth drivers for the industry.
The research firm states that in 2013, Huawei led the policy management software market in terms of revenue share followed by Ericsson. Also, voice over long term evolution (LTE) continues to be a major driver behind policy management growth as operators seek to ensure quality of service for voice traffic on their network. The industry is witnessing increased interest in policy management software among fixed line operators looking to implement more innovative pricing and service models.
Infonetics Research points out that the policy management software market continues to grow 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. In comparison, the growth in the policy management software market 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.
