Telecom System Integration Market Revenues to expand 25.16 Billion USD by 2022

Posted on 2019-11-21 by MarketsandMarkets in Technology // 0 Comments

Northbrook, IL 60062, USA, 2019-Nov-21 —

The 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.

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.

The cloud deployment type is expected to grow at a higher CAGR during the forecast period. The cloud-based solutions offer a wide range of agile and cost-effective features to cater to the business needs of telecom industries. These solutions can be rapidly implemented and are easy to use, whereas security concerns are expected to be one of the major hindrances for the adoption of cloud deployment. However, with technological advancements in the cloud computing, the demand for cloud-based technology solutions within the telecom space is expected to increase during the forecast period.

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Key Market Players in Telecom System Integration Market

The telecom system integration market is categorized on the basis of its application areas that include operations support system (OSS), business support system (BSS), network management, and digital services. Furthermore, the market is segmented depending on the deployment type such as on-premises and the cloud. Major vendors operating in the telecom system integration market 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). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new service launches, to achieve growth in the global telecom system integration market.

Ericsson, with a significant presence in the global telecom system integration market, is aspiring to become the top player in the telecom system integration market. The company has adopted a mix of organic and inorganic strategies to capitalize on the market opportunities.

Wipro is another major player in the global telecom system integration market. The company provides specialized services to cater to various application areas, such as network management, digital services, OSS and BSS. Wipro has focused on forming strategic partnerships with technology companies to better serve the telecom system integration challenges.

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