Market Overview 2022-2027
The latest research study by IMARC Group, finds that the global telecom operations management market reached a value of US$ 61.11 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 91.81 Billion by 2027, exhibiting a CAGR of 6.72% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Telecom operations management represents the process of managing telecom services so as to guarantee optimum availability and minimal disruption of telecom services. It relies on several services, such as request fulfillment and event, problem, incident and access management, to efficiently manage telecom operations. Telecom operations management helps sustain various functions, such as network inventory, provisioning issues, network availability, fault management, etc. It also assists in the management of new projects, tracking and maintaining department budgetary codes, repairing voice and data communications equipment, etc.
Global Telecom Operations Management Market Trends and Drivers:
The escalating operational costs and the inflating complexities of telecom infrastructures across the globe are primarily driving the telecom operations management market. Besides this, the growing need among telecom companies to effectively and quickly address customer requirements is further catalyzing the market growth. Moreover, the development of next-generation operations support systems, service delivery platforms, business support systems, and over-the-top (OTT) platforms is acting as another significant growth-inducing factor. In addition to this, the increasing number of mobile internet users across countries and the elevating demand for low-cost data and voice services are also augmenting the global market. Apart from this, the rising improvements in 5G networks and the emerging trend of integrating high-performing cloud platforms to engage customers through data-driven experiences are anticipated to fuel the telecom operations management market over the forecasted period.
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|Telecom Operations Management Market Report Scope|
|Market size value in 2021||US$ 61.11 Billion|
|Market forecast in 2027||US$ 91.81 Billion|
|Growth Rate||CAGR of 6.72% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Software Type, Service, Deployment Mode and Region|
|Regional scope||North America, Europe, Asia-Pacific, Latin America, Middle East and Africa|
|Key companies profiled||Accenture plc, Amdocs, Cisco Systems Inc., Comarch SA, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, NEC Corporation (AT&T Inc.), Nokia Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Limited and Telefonaktiebolaget LM Ericsson.|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
The report has been segmented the market into following categories:
Breakup by Software Type:
- Billing and Revenue Management
- Customer and Product Management
- Service Fulfillment and Assurance
- Resource Inventory Management
- Network Management
- Service Delivery Platform
Breakup by Service:
- Planning and Consulting
- Operations and Maintenance
- System Integration
- Managed Services
Breakup by Deployment Mode:
- North America
- United States
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
List of Major Key Players:
The major players in the market are Accenture plc, Amdocs, Cisco Systems Inc., Comarch SA, Hewlett Packard Enterprise Company, Huawei Technologies Co. Ltd., International Business Machines Corporation, NEC Corporation (AT&T Inc.), Nokia Corporation, Oracle Corporation, SAP SE, Tata Consultancy Services Limited and Telefonaktiebolaget LM Ericsson.
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