Frost & Sullivan: Expansive Increase of Smartphone Use Creates a Need for Mobile Data Monitoring Solutions

Frost & Sullivan: Expansive Increase ofFrost & Sullivan: Expansive Increase of Smartphone Use Creates a Need for Mobile Data Monitoring Solutions PR Newswire MOUNTAIN VIEW, California, March 27, 2014 -- Adoption of over-the-top applications stimulates market growth Over the next five to ten years, data traffic is expected to increase exponentially due to the growing adoption of smartphones globally. This amplified volume of data will place considerable strain on the networks of communication service providers (SPs) and their information management systems, thereby stoking demand for mobile data monitoring systems. Mobile data monitoring solutions are critical tools to improve overall mobile data performance and customer experience, as these can analyze mobile data and optimize the performance of their networks. New analysis from Frost & Sullivan, Global Mobile Data Monitoring Market, finds that the market earned revenue of $312.4 million in 2013 and estimates this to more than triple, reaching $1.103 billion in 2020, at a compound annual growth rate of 19.8 percent. For complimentary access to more information on this research, please visit: http://bit.ly/1gYp1jL. Due to the rocketing adoption of smart devices, mobile apps and video are expected to be the most consumed types of data. This growth is unlikely to dip, as social networking traffic and machine-to-machine (M2M) communication continues to rise in popularity.