Industry Background:
Telecom Service Order Management Service are used by telecom service providers to quickly deploy their services for the customers. These services enables them to have end-to-end automation and creating, modifying/upgrading or terminating services. The telecom service order management services manages service orders during the fulfillment process, through the stages of feasibility (availability) checking, reservation and finally provisioning and activation of the services (and underlying network resources). The growing competition in telecom industry has boosted the market.
According to AMA, the market for Telecom Service Order Management Service is expected to register a CAGR of 10.27% during the forecast period to 2026. This growth is primarily driven by Rapid Increase in Connectivity Devices and Subscribers: “The rapidly increasing telecommunication services industry due to the expanding number of mobile connections worldwide. This was attributed to the increasing number of fixed-broadband subscriptions as well as wireless data telecommunication worldwide over the years.” and Consolidation of Services By Telecom Service Providers and Network Operators.
Globally, a noticeable market trend is evident Increasing Trend of Digitization. The Integrated Telecommunication Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cerillion (United Kingdom), Cognizant Technology Solutions (United States), Telefonaktiebolaget LM Ericsson(Sweden), IBM Corporation (United States), Oracle Corporation (United States), ChikPea Inc. (United States), Comarch (Poland), Fujitsu Ltd. (Japan), Intellibuzz (India), Mphasis (India), Neustar, Inc. (United States) and Pegasystems Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In November 2018, Mphasis acquired US-based cloud technology services company Stelligent Systems LLC for USD 25 million in cash. This acquisition is likely to strengthen Mphasis cloud-based offerings in Cloud DevOps and DevSecOps within AWS Ecosystem.
In March 2018, Ericsson deployed a solution for Reliance Jio that will allow faster onboarding and quality service for customers. This solution is an end-to-end OSS fulfillment suite that includes order management, inventory management, and activation solutions. and In March 2017, Cerillion scored a Euro 2.4 million contract with a wholesale telecom provider in Europe. The company focus on providing billing, charging and customer relationship management (CRM) solutions along with the ongoing provision of managed services to the European company.
Market Drivers
- Rapid Increase in Connectivity Devices and Subscribers: “The rapidly increasing telecommunication services industry due to the expanding number of mobile connections worldwide. This was attributed to the increasing number of fixed-broadband subscriptions as well as wireless data telecommunication worldwide over the years.”
- Consolidation of Services By Telecom Service Providers and Network Operators
Market Trend
- Increasing Trend of Digitization
Restraints
- Resistance to Adopt Structural Changes in Systems and New Technologies
- Requirement of Highly Proficient Specialists to Manage the Telecom Order
Opportunities
Innovation in Next-Generation Telecom Order Management Tools
Challenges
Lack of Standardization and Compatibility Issues With the Existing Systems
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Telecom Service Order Management Service Study Sheds Light on
The Telecom Service Order Management Service Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Telecom Service Order Management Service industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Telecom Service Order Management Service industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.