NEWARK, DE / ACCESSWIRE / August 16, 2022 / Robocall’s global mitigation market has been evaluated at 4.3 billion dollars in 2021 and is expected to reach $ 17.9 billion by 2032, find Future Market Insights (IMF) in a recent market survey. According to the report’s findings, revenue from call authentication solutions grew at a CAGR of 29.5% in the period 2015-2021. Call authentication technology helps telecom users and regulators identify the source of illegal automated calls and reduce their frequency and impact.
The end use of IT and telecommunications continues to be the growth axis for robocall mitigation revenues
The end use of Robocall mitigation in IT and telecommunications has generated more revenue than other segments. The development of the Internet has increased the number of illegal automatic calls made via telecommunications. In order to mitigate illegal robocalls and associated fraud, telecom companies are using robocall mitigation solutions such as call authentication, robocall prevention and robocall analytics, which are driving the growth of the segment. . The IT & Telecommunication segment recorded a CAGR of 29.1% in the period 2015-2021.
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The United States has the largest share in the global Robocall mitigation market
The US generated the highest revenue in the automated call mitigation market in 2021. The implementation of the STIR / SHAKEN call authentication framework and related policies associated with it drove the automated call mitigation market in the United States . The market in the United States held a size of 1.6 billion dollars in 2021 and is expected to reach a rating of 6.4 billion dollars by 2032. The automatic call mitigation market in the country is expected to take this into account 4.3 billion dollars opportunity for absolute dollar growth by the end of 2032.
“Robotic call mitigation providers are working closely with regulators to develop call authentication frameworks based on the country’s landscape.” Comments analyst at Future Market Insights.
Robotic Call Mitigation Market: Competitive Insights
Currently, automatic call mitigation providers are developing new technologies and offering their solutions to communications service providers. Key companies operating in the automated call mitigation market include Brightlink, LiveVox Hldgs, Metaswitch, Mobileum Inc., Neustar Inc., a TransUnion company, Numeracle, Ribbon Communications, Thales, Transaction Network Services (TNS), TransNexus, Bulk Solutions , LLC, and limited neural technologies.
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The main recent developments of robocall mitigation service providers are as follows:
In January 2022Neustar Inc., a TransUnion company, and First Orion announced the partnership to increase the adoption rate of STIR / SHAKEN call authentication and branded calls for businesses through a single consolidated platform.
In June 2021an Asian communications service provider introduced Neural Technologies Ltd.’s advanced automated call mitigation solutions to improve call clarity for customers and reduce fraudulent calls to vendors.
In June 2021Neustar Inc, a TransUnion company, has launched Neustar TRUSTED Solutions, a suite of solutions designed to help organizations detect and reduce fraud, improve contact center efficiency, and comply with consumer protection regulations.
In May 2021Neustar Inc., has implemented its Trusted Call Solutions on the Ziply Fiber network to mitigate illegal automated calls, authenticate callers, and accurately display caller IDs for a more secure and informed calling experience.
Further insights available
Future Market Insights, in its new offering, presents an impartial analysis of the Robocall Mitigation Market, presenting historical market data (2017-2021) and forecast statistics for the period 2022-2032.
The study reveals broad growth in the Robocall mitigation market by product (cloud-based, on-premise), by application (large enterprise, small and medium-sized enterprise), across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa).
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Table of contents
1. Executive summary
1.1. Global market perspectives
1.2. Statistics summary
1.3. Key characteristics and attributes of the market
1.4. Analysis and Recommendations
2. Market overview
2.1. Market coverage / Taxonomy
2.2. Market definition / scope / limitations
3. Assessment of risks and market trends
3.1. Risk assessment
3.1.1. COVID-19 crisis and impact on Robocall mitigation demand
3.1.2. Benchmark of the impact of COVID-19 with the previous crisis
3.1.3. Impact on market value (millions of US dollars)
3.1.4. Evaluation for key countries
3.1.5. Valuation by key market segments
To continue TOC …
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