Telecom Order Management Market Booming the Industries by Ravisisng keyplayers | Pegasystem, Inc. Cerillion Technologies, Cognizant, Ericsson, IBM Corporation, Oracle Corporation, ChikPea, Inc. Comarch, Fujitsu, Intellibuzz, Mphasis, and Neustar.

Telecom Order Management is a solution that automates and streamlines order processing for telecom service providers. It involves tasks such as negotiations, installation, change management, and inventory control. It involves product catalogue, order management, lead management, provisioning, serviceability, and compatibility characteristic, which are examined before processing of order.

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The major advantages provided by the telecom order management is that it help in cutting down the cost associated with the operations for companies, as order management processes account for a sizeable proportion of operating costs of companies.

Increasing demand for streamlining business process for managing the stiff competition is one of major factor driving growth of the market

The telecom sector is highly competitive. In order to cope with competition, enterprises are focused on streamlining the business process. Order management helps in streamlining the business process of telecom sector by reducing the IT cost, enhancing the security, and eliminating the human error.

Global Telecom Order Management: Taxonomy

By Network Type:

• Wireline Network
• Wireless Network

The wireless network type is projected to witness highest growth during the forecast period. The networking helps companies to maintain the strong foothold in the market. Currently, organizations are dependent on networking modes, as it provides fast accessing to the document more effectively.

By Solution:

• Custom order management
• Service order management
• Service inventory management

By Deployment Type:

• On-Premises
• Cloud-based premises

The cloud-based premises segment held the dominant position in the market in 2017 and is projected to retain its dominance throughout the forecast period. The high cost associated with the telecom order management solutions is one of the major challenges faced by the solution providers, which can be overcome with the help of cloud deployment model.

By Component Type

• Solution
• Service

Global Telecom Order Management: Regional Insights

Asia Pacific region is projected to witness significant growth in market over the forecast period, owing to digital transformation across industries and increasing demand for managing the IT services.

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Telecom Order Management Market: Competitive Background

Key players operating in telecom order management market include Pegasystem, Inc. Cerillion Technologies, Cognizant, Ericsson, IBM Corporation, Oracle Corporation, ChikPea, Inc. Comarch, Fujitsu, Intellibuzz, Mphasis, and Neustar.

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