DUBLIN, Ireland – March 20, 2013 – Openet, a global leader of real-time transaction management software and services, is the top policy management vendor in the world according to Infonetics Research’s Policy Management Deployment Strategies and Vendor Leadership global service provider survey. Survey respondents also ranked Openet the industry leader in technology innovation and in product roadmap advancements.
For two years running, Openet has also held the title for global revenue leader in Infonetics Research’s Policy Management market share, size and forecast report, despite a growing number of competitors entering the market.
“Operators are consistently under scrutiny to deliver differentiated services to improve customer retention and spending and remain competitive,” said Shira Levine, directing analyst for service enablement and subscriber intelligence at Infonetics Research and author of the report. “Policy management suppliers are meeting operators’ demands and bringing new value-added capabilities and solutions to market to enable service creation and revenue generation.”
The latest Infonetics report confirms that delivering new service bundles and raising revenue per user are the top business factors when making policy management investments. The interest in new service offerings has spurred an investment in policy management solutions, driving the market to $588M in 2011, and Infonetics is projecting that policy management will be a $1.9B opportunity by 2016, driven largely by investments by mobile operators.
“Openet’s key strengths around flexibility, scalability and reliability also top the list of criteria for choosing a policy management solution,” said Openet founder and CTO Joe Hogan. “Infonetics’ report proves ongoing industry recognition that Openet delivers the depth and breadth of technology and innovation required for operators to deliver the dynamic services necessary to succeed in a mature mobile broadband market.”
For more information about Openet Policy Manager, click here.
Highlights from the Infonetics report can be found here.
Since the introduction of mobile data services in 1998, Openet has helped service providers capitalize on opportunities and overcome challenges. With competitive pressure accelerating, today's service providers rely on Openet software to evolve business models around networking smartphones, M2M devices and third party services. Openet’s portfolio combines policy and charging control with device and third party interaction to enable innovative charging models, to control operating cost and to personalize services. More than 80 of the world’s largest service providers in 28 countries use Openet’s high performance software. For more information, please visit www.openet.com.