Global Telecom Order Management Market Overview:
An increasing trend of digitalization across the globe has been supplementing the overall growth of the telecom order management market. Telecom order management offers a cost-effective solution in the competitive market is considered as one of the major drivers for the market. Additionally, the key players highly involved in Partnerships that have been creating more opportunity for the market. However, lack of standardization in telecom order management, lack of highly proficient specialists to manage the telecom order and compatibility issues with the existing systems are the major factors that are limiting the market. Moreover, an increasing number of collaboration to provide mobile payment services, innovation in next-generation telecom order management tools and continuously growing connectivity subscribers and technological advancement in connected devices can create a new opportunity in the operating market. Some of the players profiled in the study are Cerillion (United Kingdom), Cognizant (United States), Ericsson (Sweden), IBM (United States), Oracle (United States), ChikPea (United States), Comarch (Poland), Fujitsu (Japan), Intellibuzz (India) and Mphasis (India). According to Market Analyst at AMA, the Global Telecom Order Management market may see a growth rate of 11.01%
On the basis of geography, the market of Telecom Order Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Network Type, the sub-segment i.e. Wireline will boost the Telecom Order Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service , the sub-segment i.e. Integration and Installation Services will boost the Telecom Order Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment Type, the sub-segment i.e. On-Premises will boost the Telecom Order Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization size, the sub-segment i.e. Small and Medium-sized Enterprises will boost the Telecom Order Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution , the sub-segment i.e. Customer Order Management will boost the Telecom Order Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Demand as Telecom Order Management Offers Cost-Effective Solution in Competitive Market
- Increasing Number of Partnership of Services between Telecom Service Providers and Network Operators
Influencing Trend
- Increasing Number of Collaboration to Provide Mobile Payment Services
Restraints
- Lack of Standardization in Telecom Order Management
- Compatibility Issues with the Existing Systems
Opportunities
- Innovation in Next-Generation Telecom Order Management Tools
- Continuously Growing Connectivity Subscribers and Technological Advancement in Connected Devices
Challenges
- Lack of Highly Proficient Specialists to Manage the Telecom Order
Key Market Developments:
In May 2021, ServiceNow launched a new updation for its cloud-based Now Platform Quebec that provides a new order management tool for telecom providers. This updation will include Order Management in Telecommunications, a tool based on TM Forum Open APIs that will help the vendor to evolve beyond its roots as service management and network performance management enabler.
On 28 October 2020, Telecom Egypt has signed an agreement with Ericsson for its international gateway migration using the latest technology that will contribute to improving the quality of its services and realize the company's aspirations towards developing the network and meeting its customers future requirements.
In the last couple of decades, the global telecom order management market was highly concentrated to very few players including Cerillion, Cognizant, Ericsson, IBM, Oracle, and few others. Thus the market was showing strategic monopoly in the moderately competitive environment. However, with respect to minimal initial investments in telecom management has favored a number of new entrants to gain market share from the local market. The global leader's business might be affected due to new entrants. Moreover, the global leaders will continuously adopt strategic partnerships and technological developments to gain a competitive edge in a moderately competitive environment
Target Audience:
Telecom Order Management Solutions & Service Providers, Research Organizations, Government Bodies, Industry Associations, Market Research and Consulting Firm, Investors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Telecom Order Management market on the basis of product [
] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Telecom Order Management market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Telecom Order Management industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Neustar (United States) and Pegasystems (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Telecom Order Management market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.