Telecom Order Management Market To Rise at 12.5% CAGR With Global Industry Leading Players - Comarch SA, Ericsson AB, Neustar, ChikPea, IBM, Pegasystems

Industry Highlights

Telecom Order Management (TOM) solution automates the complete order execution process from installation, negotiation, change management and inventory control. TOM facilitates order to cash processing by eliminating bottlenecks, redundancies and errors. Effective order management plays a significant role in the success of any business however it is mainly important for telecom providers. The major benefit of Telecom Order Management solution is it helps to bring down cost of operation for companies.

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According to Market Prognosis, the Global Telecom Order Management market is accounted for $1.98 billion in 2017 and is expected to reach $5.74 billion by 2026 growing at a CAGR of 12.5% during the forecast period. Rapid growth in subscribers and connectivity devices and consolidation of services by telecom service suppliers and network operators are some key factors influencing the market growth. However, lack of standardization and compatibility concerns with the existing systems is hampering the growth of the market.

Market Top Player’s

Some of the key players in the global Telecom Order Management market include Comarch SA, Ericsson AB, Neustar Inc., ChikPea Inc., IBM Corp., Pegasystems Inc., Fujitsu Ltd., Mphasis, CerillionPlc, Oracle Corp, Cognizant, Intellibuzz and Amdocs Corporation.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

Market Segments

Amongst network types, Wireline segment dominate the market during the forecast period due to it contains copper cables, sometimes fiber optics to set up the connections and coaxial cables. These wired network connections are not disposed to single point of failure as a result they offer a much rapid speed than dial up connections. Currently, organizations with sensitive data, use wired networks, as they are consider to be well secure connections.

By geography, North America is anticipated to dominate the global market during the forecast period due to development of long term evolution networks in this region and rising awareness regarding the advantages that telecom order management solutions offer.

Deployment Types Covered:
• Cloud
• On-premises
Network Types covered:
• Wireless
• Wireline
Components covered:
• Services
• Solutions

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