Telecom order management market To Rich USD 6 billion by 2026 | Top Key Vendors Cerillion, Ericsson, Cognizant, IBM, Oracle, Chickpea And Others
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.
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.
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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