Subscriber Data Management Market Is Projected To Reach Usd 25.5 Billion By 2031, Growing At A Cagr Of 18.4%

The global subscriber data management market was valued at USD 4.9 billion in 2021 and is projected to reach USD 25.5 billion by 2031, growing at a CAGR of 18.4% from 2022 to 2031. Factors driving the growth of the market include increased digitalization and global usage of cloud-based services, adoption of subscriber data management solutions to improve operations and productivity, and investments in 5G networks from communications service providers. Trends influencing the growth of the market include the need to reduce operational costs and promote cross-network convergence, rise in subscriber demand for LTE and VoLTE, IMS adoption, and telcos’ transition to NFV technologies.