Press release
System Integration In Telecommunication Market Size will reach at $ 21.2 billion by 2032, , Development Data, Growth Analysis & Forecast 2022 to 2028 -Ericsson, Huawei Technologies, Amdocs, Openet, Sigma System Canada, NetCracker Technology, Oracle, Redkn
New Jersey (United States) - The global telecom system integration market to grow from USD 29.45 billion in 2021 to 121.2 billion by 2032, at a Compound Annual Growth Rate (CAGR) of 28.7% during the forecast period. The forecast period has been considered from 2022 to 2032, while 2021 is considered as the base year for estimating the market size. Telecom system integration market is majorly driven by an increasing need to cope with the cloud and migration activities undertaken by telecom vendors. The rapid advancements in the cloud have encouraged telecom vendors to embrace cloud-based solutions and migrate their workload to the cloud. This has created a need for telecom system integration expertise to seamlessly integrate their network and IT infrastructure with advanced cloud solutions.The scope of this research report spans from the broad outlines of the System Integration In Telecommunication market to delicate structures, classifications, and applications. This research report also provides a clear picture of the global market by presenting data through effective information graphics. It also provides a detailed list of factors affecting the growth of the market.
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Key Players Mentioned in the Global System Integration In Telecommunication Market Research Report:
Ericsson, Huawei Technologies, Amdocs, Openet, Sigma System Canada, NetCracker Technology, Oracle, Redknee
Global System Integration In Telecommunication Market Segmentation:
System Integration In Telecommunication Market Types:
Operational Support System (OSS), Business Support System (BSS).
System Integration In Telecommunication Market Applications:
Telecom, Medical, Logistics, Other
By Operation Support System (OSS), service assurance segment is expected to hold the largest market size during the forecast period
Service assurance solutions facilitate telecom companies and communication service providers to pro-actively detect network-related issues thus reducing the time required to resolve the issues. This solution has been largely adopted by telecom companies and communication service providers to reduce the impact of network issues on customer service. The high adoption of this solution has subsequently led to the high market size of service assurance segment in the OSS application. Service assurance enables telecom companies and communication service providers to deliver high quality service to their customers by detecting and resolving service issues.
By deployment type, the on-premises deployment segment to hold the largest market size during the forecast period
The on-premises deployment model is expected to account for a major share of the telecom system integration market by deployment type. On-premises solutions are delivered with a one-time licensing fee, along with a service agreement. On-premises solutions have been deployed on a large scale in telecom companies over the years, as telecom companies have a ready infrastructure to support on-premise solutions. This is a fundamental factor that contributes to the dominance of telecom system integration market for on-premises solutions.
The base of geography, the world market of System Integration In Telecommunication has segmented as follows:
North Americaincludes the United States, Canada, and Mexico
Europeincludes Germany, France, UK, Italy, Spain
South Americaincludes Colombia, Argentina, Nigeria, and Chile
The Asia Pacificincludes Japan, China, Korea, India, Saudi Arabia, and Southeast Asia
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COVID-19 Impact
Report covers Impact of Coronavirus COVID-19: Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost every country around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the System Integration In Telecommunication Market in 2022.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor/outdoor events restricted; over forty countries state of emergency declared; massive slowing of the supply chain; stock market volatility; falling business confidence, growing panic among the population, and uncertainty about future.
The objective of the studies:
- To provide a detailed analysis of the market structure along with a forecast of the various segments and sub-segments of the global System Integration In Telecommunication Market.
-Provide information on factors affecting the growth of the market. To analyze the System Integration In Telecommunication Market based on various factors- price analysis, supply chain analysis, Gate Five force analysis, etc.
-Provide historical and forecast revenue of market segments and sub-segments for four major geographies and their countries - North America, Europe, Asia, Latin America and Rest of the World.
-Provide country level market analysis relative to current market size and future prospects.
- To provide country level market analysis for the segment by application, product type and sub-segments.
-Provide a strategic profile of the major market players, by deeply analyzing their core competencies and drawing a competitive landscape for the market.
- Track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global System Integration In Telecommunication Market.
Driver: Government's supportive policies and legislative mandates Cloud and network integration
Technological evolutions in the area of Information and Communications Technology (ICT) have led to the increased awareness about cloud migration among organizations. Enhancements in the cloud infrastructure have further increased the migration of organizations' data, applications, and processes to the cloud, for the smoother functioning of business activities and higher bandwidth. With a significant rise in data volumes, it has become difficult for telecom service providers to store, manage, and process the data volumes on-premises, due to the lack of the required bandwidth. Migrating the data to the cloud empowers telecom service providers with higher bandwidth for storing, managing, and processing the data and reduces the cost incurred for the on-premises infrastructure. Cisco forecasts the annual global cloud IP traffic to reach 14.1 ZB by 2020 from 3.9 ZB in 2015. Cloud system integrators enable the migration of data to the cloud smoothly and effectively, thereby empowering telecom service providers with smooth data transition.
Network migration is one of the most complex tasks/financial challenges that organizations face while adopting new network infrastructure. The migration needs to be carried out for the client with minimum disruption and must ensure the end-customer's operations are not hindered. However, with the fast pace of technology revolutions, telecom service providers need to adopt new, advanced network infrastructure to cope with the increasing customer expectations and improve their operational efficiency. This increased need for adopting and integrating the new network infrastructure with the existing legacy network has paved the way for system integrators to ensure smooth network migration for telcos. Network migration is a challenging task, as it includes network transition while ensuring the current operations are not hampered, and the end-users are not affected, directly or indirectly. Therefore, network migration needs to be carried out with well-defined processes, thorough planning, and in-depth expertise to ensure the smooth and efficient transition of the network infrastructure.
Restraint: High implementation costs and more time consumption
Although the implementation of telecom system integration solutions enhances the business profitability in the long run, they are costlier and time-consuming to implement, which results in low motivation to adopt standardized systems. Smaller organizations have to pay huge charges for the implementation and maintenance of system-integrated solutions and services, which becomes a burden for them. Therefore, high installation costs and excess time consumption may act as the major restraints for the growth of the global telecom system integration market
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How geography and sales fit together
This study is helpful to all operators who want to identify the exact size of their target audience at a specific geographic location. System Integration In Telecommunication Market allows entrepreneurs to determine local markets for business expansion. This study answers the questions below:
Where do the requirements come from?
Where do non-potential customers reside?
What is the buying behavior of customers in a specific region?
What is the spending power of the customers in a particular region?
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