Lifecycle Services Orchestration Market Statistics 2021: Top Factors that are Leading the Industry Worldwide

Lifecycle service orchestration (LSO) is an architecture and framework for mechanizing the lifespan of an end-to-end connectivity service via multiple technology domains and various network service providers. LSO is a set of established technology standards and products that provides management of integration among network systems and IT software platforms such as business support system and operation support system. Furthermore, it enables real-time automation and monitoring & service assurance for a wide range of network-based services. In addition, it helps service providers to meet certain challenges and initiate directing path toward operation automation and next-generation operation support system. All these features are encourage enterprises to invest in lifecycle services orchestration, which boosts the lifecycle services orchestration market growth.

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Top impacting factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
Increase in on-demand network connectivity with greater user control among enterprises drives growth of the market. However, lack of technical expertise regarding automation hampers the market growth. Furthermore, rise in adoption of various advanced technologies such as machine to machine communication and internet of things (IoT) in LSO is expected to provide lucrative opportunities for the global lifecycle services orchestration market.

The market trends for global lifecycle services orchestration market are as follow:
New products to flourish the market:
The LSO market is a growing market and prominent players are adopting different strategies such as expansion of their services, new product launches, collaborations, partnerships, and mergers to increase their customer base. For instance, in May 2019, MEF in North America started developing LSO (Lifecycle Services Orchestration) specifications to automate entire lifecycle for services orchestrated across multiple technology domains and multiple provider networks within a single provider network. Similarly, in 2018, Atrinet LTD, which specializes in Network Transitions and Multi-vendor SDN enablement and Veryx Technologies made a partnership for agile and assured lifecycle service orchestration.

North America expected to lead the market:
North America is expected to have the largest lifecycle services orchestration market share during the forecast period, owing to the presence of developed economies such as the U.S and Canada. These countries invest in new technologies and R&D of these services. Countries in the region are adopting advance Basic Service Set (BSS)/ Operations Support Systems (OSS) technologies at a very fast pace, which is expected to fuel the market growth in the future.

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Key benefits of the report:

This study presents analytical depiction of the global lifecycle services orchestration market along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global lifecycle services orchestration market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the lifecycle services orchestration market.
The report provides a detailed lifecycle services orchestration market analysis based on competitive intensity and how the competition will take shape in coming years.

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