Market Size – USD 2 billion in 2018, Market Growth – CAGR of 13.3%, Market Trends – Rapid increase in the number of connected devices, frequent launch of new products and services as well as tariff introduction and shortening of the life-cycle of telecom products.
The Telecom order management market is expected to grow from USD 2 billion in 2018 to USD 6 billion by 2026, at a CAGR of 13.3% during the forecast period. The escalating necessity of telecom companies and network service providers to bring down the cost in providing the services to its clients and customers to get an edge over its competitors is forecasted to fuel the growth of the market. Concerns of telecom companies and network service providers to reduce customer attrition, consolidation of services by telecom companies and push on mobile payment services will also drive the growth of the market. Further, a huge increase in the number of connected devices is also expected to drive the market.
The factor responsible for restricting the growth of the market is the resistance of the telecom companies and network service providers to adapt to a new system as well as the need for skilled specialists to operate the system.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the telecom order management market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Telecom Order Management Market by Component (solution and services), Type of Network (wired and wireless network), Type of Deployment (cloud and on-premises), and Geography-Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/checkout-form/1093
Further key findings from the report suggest
- The Telecom order management market is expected to grow from USD 2 billion in 2018 to USD 6 billion by 2026, at a CAGR of 13.3% during the forecast period.
- The escalating necessity of telecom companies and network service providers to bring down the cost in providing the services to its clients and customers to get an edge over its competitors is forecasted to fuel the growth of the market. Concerns of telecom companies and network service providers to reduce customer attrition, consolidation of services by telecom companies and push on mobile payment services will also drive the growth of the market. Further, a considerable increase in the number of connected devices is also expected to drive the market.
- On the basis of components, this report segments the market into solutions and services. The consulting service under services segment is projected to grow at the highest rate at a CAGR 13.7% during the forecast period. These services noticeably assist telecom companies to analyze, safeguard and manage their important master content as well as assisting these companies in aligning their order management solutions to suit their organizational needs better, thereby, increasing their efficiency and productivity.
- Based on the type of network, the market has been segmented into wired and wireless networks. The wired (such as coaxial cable, optical fibs, etc.) network occupies the largest market share with a market size of USD 2.72 billion in 2018 and is projected to maintain its lead position during the forecast period. These networks are still the most secure and efficient solution to Ethernet as well as long-distance communication networks.
- Bases on the type of deployment, the market segments are cloud and on-premises. The Cloud-based segment is projected to have the highest growth rate of CAGR 14.1% during the forecast period. The benefits of the cloud-based deployment type comprise flexibility, scalability, affordability, and operational efficiency. The on-premise segment is expected to have the largest market share.
- By region, this report segments the market into North America, Europe, APAC, South America, Middle East, and As a large number of telecom order management vendors are present in North America, this region holds the largest market share with a market size of USD 1.36 billion in 2018 and is forecasted to continue its dominance followed by APAC region owing to the evolution of digital transformation, supportive regulatory reforms, and stable economy in these region.
- Chief players in the Telecom Order Management Market include Cerillion (US), Ericsson (Sweden), Cognizant (US), IBM (US), Oracle (UK), Chickpea (US), Fujitsu (Japan), Comarch (Poland), Intellibuzz (India), Mphasis (India), Neustar (US), and Pegasystems (Us), among other players.
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For this report, the market has been divided into segments on the basis of component, type of network, type of deployment, and region:
- Component (Revenue, USD Million; 2018–2026)
- Solutions
- Customer Order Management
- Service Order Management
- Service Inventory Management
- Services
- Integration and Installation services
- Consulting Services
- Support Services
- Type of Network (Revenue, USD Million; 2018–2026)
- Wired
- Wireless
- Type of Deployment (Revenue, USD Million; 2018–2026)
- Cloud
- On-premises
- Regional Outlook (Revenue, USD Million; 2018–2026)
- North America
- US
- Canada & Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World
- South America
- Middle East
- Africa
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