Telecom System Integration Market Expected to Grow $25.16 Billion by 2022
Increasing complexities in the cloud and network migration encountered by in-house IT departments have led the communication service providers to adopt telecom system integration services. The rapid pace of technological advancements in the ICT arena have driven the adoption rate of innovative technologies in the telecom industry. Changing customer expectations and intense competition in the telecom market have driven the rapid adoption of new technologies and services among telcos.
Browse 200 market data Tables and 39 Figures spread through 105 Pages and in-depth TOC on "Telecom System Integration Market by Application (OSS, BSS (Billing & Revenue Management, Subscriber Data Management, Service Fulfilment), Network Management, and Digital Services), Deployment Type, and Region - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
Network management application is expected hold the largest market share during the forecast period.
Network infrastructure plays a vital role in the core operations of telecom industries. The continual advancements and developments around networking technologies has encourage telecom industries to embrace new technologies and upgrade their existing network infrastructure to meet the latest standards. Upgrading and migrating network infrastructure requires expertise to cope with the complexities in integrating and upscaling their existing infrastructure with new network technologies. Telecom industries are inclined to adopt professional system integrators to efficiently integrate network security and network monitoring solutions with an existing network infrastructure. Professional system integrators facilitate telecom industries by reducing the risks associated with integration and offer stability to the network infrastructure. Migration from wired to wireless network and IPv4 to IPv6, and evolution of 5G are expected to contribute to the growth of network management market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1304
Cloud deployment is expected to grow at a higher CAGR during the forecast period.
System integration services for cloud-based solutions are expected to gain high traction during the forecast period. This can be majorly attributed to the increasing demand for cloud-based solution due to the high flexibility, scalability, and cost efficiency offered by these solutions. Factors such as increasing data storage needs and mobility are the driving forces that are likely to aid the growth of cloud-based services market in the coming years.
North America accounts for the largest market share in the global telecom system integration market.
North America is projected to be the largest contributor to the global telecom system integration market by region. The US is holds the major share of the telecom system integration market in North America, while Canada is expected to present potential opportunities for telecom system integration in the region. The telecom system integration market in North America is expected to grow at a slow rate by 2022 compared to that of other regions, as the market in the region is well-established and stagnant.
North America comprises major telecom and communication service providers, such as AT&T, Verizon, T-Mobile, and Sprint Corporation. The presence of major telecom and communication service providers in the region contributes to the demand for telecom system integration services.
Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=1304
Major telecom system integration service providers include IBM (US), Ericsson (Sweden), Nokia Networks (Finland), Tech Mahindra (India), Huawei (China), Wipro (India), Infosys (India), DXC Technology (US), Cognizant (US), HCL (India), Syntel (US), and Stixis Technologies (US).
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Telecom System Integration Market Expected to Grow $25.16 Billion by 2022 here
News-ID: 2048913 • Views: 290
More Releases from MarketsandMarkets(TM)
Casino Management Systems Market predicted to obtain $13.7 billion by 2025
According to a new market research report "Casino Management Systems Market by Component (Solutions and Services), Application (Accounting, Security and Surveillance, Player Tracking, Hotel and Hospitality, Analytics, and Digital Content Management), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 6.4 billion in 2020 to USD 13.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.4%
5G Core Market extrapolated to obtain $ 9,497 million by 2025
According to a new market research report "5G Core Market by Component (Solutions and Services), Network Function (Access and Mobility Management Function, Policy Control Function, Unified Data Management), Deployment Model (Cloud and On-premises), End User, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the 5G core market size projected to grow from USD 630 million in 2020 to USD 9,497 million by 2025, at a Compound Annual Growth
IoT in Healthcare Market worth $188.2 billion by 2025
According to a new market research report "IoT in Healthcare Market by Component (Medical Device, Systems & Software, Services, and Connectivity Technology), Application (Telemedicine, Connected Imaging, and Inpatient Monitoring), End User, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 72.5 billion in 2020 to USD 188.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.0% during the
Affective Computing Market revenues to gain $140.0 billion by 2025
According to a new market research report "Affective Computing Market by Technology (Touch-based and Touchless), Component (Software (Speech Recognition and Gesture Recognition) and Hardware (Sensors, Cameras, and Storage Devices and Processors)), Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the affective computing market size in the post-COVID-19 scenario is projected to grow from USD 28.6 billion in 2020 to USD 140.0 billion by 2025, at a CAGR
More Releases for MarketsandMarkets
IoT Professional Services Market worth $149.9 billion by 2026 | MarketsandMarket …
According to a new market research report "IoT Professional Services Market by Service Type (IoT Consulting, IoT Infrastructure, System Designing and Integration), Organization Size, Deployment Type, Application (Smart Buildings, Smart Transport and Logistics), and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size projected to grow from USD 98.8 billion in 2020 to USD 149.9 billion in 2026, at a Compound Annual Growth Rate (CAGR) of 7.2%
Electric Powertrain Market Insights by 2027| MarketsandMarkets
The Global Electric Powertrain Market size is projected to reach $191.4 billion by 2027, from an estimated $62.9 billion in 2019, at a CAGR of 14.9 %. The electric powertrain market is expected to witness rapid growth due to stringency in emission norms which is pushing automakers to come up with electrified powertrain technologies. Between 2025 and 2030, emission standards would require automakers to reduce CO2 emissions by 15% and
Automotive Interior Market - Global Forecast to 2025 | MarketsandMarkets
According to the new market research report "Automotive Interior Market by Component (Seat, Interior Lighting), Material (Glass Composite, Carbon Composite, Metal, Vinyl, Fabric), Autonomous Driving (Semi-autonomous, Autonomous), Electric Vehicle, Vehicle Type and Region - Global Forecast to 2025 " Published by MarketsandMarkets™, The global Automotive Interior Market is projected to reach USD 153.8 billion by 2025 from USD 123.2 billion in 2020, at a CAGR of 8.8% during the forecast
Automotive Fuse Market Insights by 2025| MarketsandMarkets
The Automotive Fuse Market is projected to grow at a CAGR of 6.84% during the forecast period, to reach $24.33 Billion by 2025 from $14.33 Billion in 2017. The market is estimated to grow in the near future owing to various factors such as an increase in vehicle production, growing electrification, growing importance of safety & comfort features in mid-segment vehicles which will lead to increase in the number of
Global Connected Car Market by 2025| MarketsandMarkets
According to recent research "Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025", The global connected car market is estimated to be USD 72.89 billion in 2017 and is projected to reach USD 219.21 billion by 2025, at a CAGR of 14.8% from 2017 to 2025.
Vehicle Diagnostics Market by Vehicle Type, Application, Connectivity - 2021 | M …
The report "Vehicle Diagnostics Market by Vehicle Type, Application (Automatic Crash Notification, Vehicle Tracking, Vehicle Health Alert & Roadside Assistance), Connectivity (3G, 4G LTE, Wi-Fi, Bluetooth), Region, & Aftermarket (Vehicle Type & Region) - Forecast to 2021", The vehicle diagnostics market is projected to reach a market size of USD 30.22 Billion by 2021, growing at a CAGR of 16.79% from 2016 to 2021. Stringent emission norms, the rising demand