The Telecom Order Management Market is anticipated to attain a valuation of USD 6.79 billion by 2027, registering a CAGR of 13.3% during the forecast timeline, growing from its USD 2.26 billion valuation in 2019. Increasing internet and smart devices’ penetration, rising demand for seamless network connectivity in rural areas, and cost-effective business processes are anticipated to augment the growth of the telecom order management market over the forecast timeline.
Telecom order management facilitates efficient and rapid deployment of services by the telecom operators to their customers. The rising demand of the telecom companies and network service providers to minimize the capital expenditure for the services is anticipated to drive the market growth in the forecast timeline. The leading telecom operators’ partnerships and collaborations to offer high-end connectivity and network services are likely to bolster the market’s growth over the coming years.
However, the staggeringly slow adoption of the structural advancements in systems and technologies can potentially hamper market growth over the coming years. But, innovative products and services from the industry’s prominent players are likely to overcome these barriers and create lucrative growth opportunities in the projected timeframe. Moreover, increasing adoption of cloud-based services due to the rapid deployment and flexible services is the key market trend driving the growth of the market.
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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.
Further Key Findings from the Report Suggests:
- The Telecom Order Management Market is anticipated to attain a valuation of USD 6.79 billion by 2027, registering a CAGR of 13.3% during the forecast timeline, growing from its USD 2.26 billion valuation in 2019.
- Telecom order management facilitates efficient and rapid deployment of services by the telecom operators to their customers. The rising demand of the telecom companies and network service providers to minimize the capital expenditure for the services is anticipated to drive the market growth in the forecast timeline.
- Increasing internet and smart devices’ penetration, rising demand for seamless network connectivity in rural areas, and cost-effective business processes are anticipated to augment the growth of the telecom order management market over the forecast timeline.
- Telecom order management offers numerous benefits like a centralized platform, enhancing the uptime of different services, and providing support for both cloud and on-premise deployment.
- Based on the component type, consulting services under the services segment is expected to grow exponentially during the forecast period owing to their advantageous benefits such as analysis, safeguard, and management of their master content and alignment of order management solutions to the telecom operators. The consulting segment is anticipated to grow at a CAGR of 13.7% throughout the forecast period.
- Based on the network type, the wireless network segment is anticipated to show the highest growth during the forecast period. This type of network offers fast and reliable access to the document and enables the users to access the document from any smart device at any given point.
- Based on the deployment type, the market is segmented into cloud and on-premises deployment. The cloud-based segment is anticipated to garner the largest market share over the coming years as it offers flexibility, scalability, affordability, and operational efficiency. The segment is presumed to retain its leading position throughout the projected timeline.
- North America is expected to hold the highest share of the market owing to the large presence of prominent telecom providers. However, Asia Pacific is expected to show significant growth due to rapid digital transformation, a less stringent regulatory framework, and rising disposable income.
- The leading players of the market profiled in the report are IBM Corporation, Cognizant, Oracle Corporation, Fujitsu Limited, Infosys, Ltd., Wipro, Ltd., Ericsson, Pegasystems, Inc., Comarch S.A., Chickpea, Cerillion, Intellibuzz, Mphasis, and Neustar, among others.
The Global Telecom Order Management Market is segmented as follows:
Component Outlook (Revenue, USD Million; 2017–2027)
Network Type Outlook (Revenue, USD Million; 2017–2027)
Deployment Outlook (Revenue, USD Million; 2017–2027)
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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects,and other key factors.The report offers a regional analysis that covers key geographies such as North America, Europe, AsiaPacific, Latin America, and Middle East & Africa.
The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.
Furthermore, the report renders a complete analysis of the Telecom Order Management market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.
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