According to the new market research
report " Telecom System Integration Market by
Application (OSS, BSS (Billing & Revenue Management, Subscriber Data
Management, Service Fulfilment), Network Management, and Digital Services),
Deployment Type, and Region - Global Forecast to 2022",
The telecom system integration market size is expected to grow from USD 16.56
Billion in 2017 to USD 25.16 Billion by 2022, at a Compound Annual Growth Rate
(CAGR) of 8.7% during the forecast period.
Don’t miss out on business opportunities in Telecom System Integration Market Speak to our analyst and gain crucial industry insights that will help your business grow:
Increasing
complexities in the cloud and network migration encountered by in-house IT
departments have led the communication service providers to adopt telecom
system integration services. The rapid pace of technological advancements in
the ICT arena have driven the adoption rate of innovative technologies in the
telecom industry. Changing customer expectations and intense competition in the
telecom market have driven the rapid adoption of new technologies and services
among telcos.
Network management application is
expected hold the largest market share during the forecast period.
Network
infrastructure plays a vital role in the core operations of telecom industries.
The continual advancements and developments around networking technologies has
encourage telecom industries to embrace new technologies and upgrade their
existing network infrastructure to meet the latest standards. Upgrading and
migrating network infrastructure requires expertise to cope with the
complexities in integrating and upscaling their existing infrastructure with
new network technologies. Telecom industries are inclined to adopt professional
system integrators to efficiently integrate network security and network
monitoring solutions with an existing network infrastructure. Professional
system integrators facilitate telecom industries by reducing the risks
associated with integration and offer stability to the network infrastructure.
Migration from wired to wireless network and IPv4 to IPv6, and evolution of 5G
are expected to contribute to the growth of network management market.
Browse and
in-depth TOC on "Telecom
System Integration Market"
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Cloud deployment is expected to grow at a higher CAGR during the
forecast period.
System integration services for cloud-based
solutions are expected to gain high traction during the forecast period. This
can be majorly attributed to the increasing demand for cloud-based solution due
to the high flexibility, scalability, and cost efficiency offered by these
solutions. Factors such as increasing data storage needs and mobility are the
driving forces that are likely to aid the growth of cloud-based services market
in the coming years.
North America accounts for the largest market share in the global
telecom system integration market.
North America is projected to be the largest
contributor to the global telecom system integration market by region. The US
is holds the major share of the telecom system integration market in North
America, while Canada is expected to present potential opportunities for
telecom system integration in the region. The telecom system integration market
in North America is expected to grow at a slow rate by 2022 compared to that of
other regions, as the market in the region is well-established and stagnant.
North America comprises major telecom and
communication service providers, such as AT&T, Verizon, T-Mobile, and
Sprint Corporation. The presence of major telecom and communication service
providers in the region contributes to the demand for telecom system
integration services.
Major telecom system integration service
providers include IBM (US), Ericsson (Sweden), Nokia Networks (Finland), Tech
Mahindra (India), Huawei (China), Wipro (India), Infosys (India), DXC
Technology (US), Cognizant (US), HCL (India), Syntel (US), and Stixis
Technologies (US).
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