Press release
Telecom Order Management Market: US$4.05 bn in Revenue Expected By 2025
The global telecom order management market is divided into various segments on the basis of component, deployment type, and region. Under component, solutions and services are two key categories, whereas the on-premise and cloud-based systems are two prominent segments under deployment type. Based on deployment type, the on-premise segment holds a leading position owing to its higher availability in various regions. From the perspective of component, the solution segment currently has a greater preference thanks to ever-rising demands from consumers that deal with solving various issues associated with telecommunications.
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Geography-wise, the global telecom order management market is spread across North America, Europe, the Middle East and Africa, Asia Pacific, and South America. Of these, a strong telecommunication infrastructure along with a highly competitive scenario present in North America has made this region garner maximum revenue in recent years.
The global telecom order management market is expected to reach a valuation of US$4.05 bn by 2025, a significant rise from a valuation of US$1.91 bn., registered in 2016. This rise is expected to occur at an impressive CAGR of 8.80%.
Provision of Improved Services Stokes Rate of Demand
A brisk rise in the number of telecommunication devices connected to each other along with a rising number of subscribers is primarily driving the global telecom order management market. Telecom services are mostly getting consolidated with a large number of network operators and service providers, which consequently has managed to significantly boost the market. With changing customer expectations, enhanced customer services need to be provided to the customers. Keeping this in mind, provision of state-of-the-art services associated with video, voice, data, content, gaming, and location are likely to boost customer retention, as a result leading towards better revenue gained in the market.
Report TOC: https://www.transparencymarketresearch.com/report-toc/39074
Lack of Skilled Professionals Dampens Growth
However, the absence of telecom lines in several under-developed and remote regions has restrained the global telecom order management market’s growth. This absence could be due to: resistance shown by people from such regions to adopt the technology, or the harsh conditions existing in the region. Lack of skilled professionals in some regions might also hinder the market’s growth. Nevertheless, continued support from governmental as well private bodies is expected to offset the restraints up to a certain degree.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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