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Telecom Order Management Market Witness the Growth of $3.22 Billion by 2022

10-07-2020 02:58 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

According to a research report "Telecom Order Management Market by Solution (Customer Order Management, Service Order Management, and Service Inventory Management), Service, Network Type (Wireline and Wireless), Deployment Type, and Region - Global Forecast to 2022", The telecom order management market size is expected to grow from USD 1.96 Billion in 2017 to USD 3.22 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period. The growing adoption of telecom order management is the result of the high demand for automated handling of the ordering process and for features of tracking the entire order life cycle.

Browse 66 Market Data Tables and 41 Figures spread through 111 Pages and in-depth TOC on "Telecom Order Management Market - Global Forecast to 2022"

View detailed Table of Content here: https://www.marketsandmarkets.com/Market-Reports/telecom-order-management-market-240314507.html

Wireline network type is expected to have the larger market size during the forecast period.

The wireline network type is expected to have the larger market size as compared to the wireless network type during the forecast period. Wired networks comprise copper cables, coaxial cables, and sometimes fiber optics to set up the connections. Wireline network is also known as the Ethernet network. These wired network connections are not prone to single point of failure, thus, they offer a much faster speed than dial-up connections.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240314507

Consulting services segment is expected to be the fastest growing segment during the forecast period.

Under services, the consulting services segment is expected to have the highest CAGR during the forecast period. Consulting services prominently help companies identify strategies that analyze, protect, and manage their crucial master content. These services also help organizations seamlessly align their telecom order management solutions that primarily suit their business requirements. Therefore, consulting services offer various advantages, such as assistance in decision-making, improved business processes, simplified management, cost-effective operations, and increased productivity.

North America is expected to have the largest market size in the telecom order management market during the forecast period.

North America, owing to the presence of a large number of telecom order management vendors, is expected to have the largest market size in the telecom order management market during the forecast period. Asia Pacific (APAC) is expected to be the fastest growing region. With the evolution of digital transformation in APAC, the need for managed IT services has experienced an increasing demand. Furthermore, the rapid economic growth in the developing APAC countries, along with improving regulatory reforms and economic stability, is driving the growth of the telecom order management market in this region. The market in developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow, owing to the growth in demography and data connectivity, increase in mobile penetration, and growth in infrastructure and coverage of the telecommunication industry.

Speak To Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=240314507

Key players in the telecom order management market include Cerillion (US), Cognizant (US), Ericsson (Sweden), IBM (US), Oracle (UK), ChikPea (US), Comarch (Poland), Fujitsu (Japan), Intellibuzz (India), Mphasis (India), Neustar (US), and Pegasystems (US).

Contact:
Mr. Aashish Mehra.
MarketsandMarkets™ INC.
630 Dundee Road,
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ 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™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ 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.
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