Telecom Order Management Market Expected to Reach USD 6.50 billion by 2026 |Top Players such as - Cognizant, Comarch SA and Cerillion

According to the report published by Allied Market Research, The Telecom Order Management Market Expected to Reach USD 6.50 billion by 2026 |Top Players such as - Cognizant, Comarch SA and Cerillion. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

Rise in demand for network installations across rural areas and rapid increase in connectivity devices and subscribers are the major factors driving the growth of the market. In addition, cost-effective business processes to gain a competitive edge in the industry fuels the growth of the market. However, requirement of highly proficient specialists to manage the telecom order hampers the growth of the market. Furthermore, integration of advance technology such as AI, machine learning and big data and lack of standardization and compatibility issues with the existing systems are expected to provide major opportunities for the growth of the market during the forecast period.

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The global telecom order management market is segmented based on component, deployment model, organization size, network type, product type and region. In terms of component, it is bifurcated into solutions and services. Based on deployment model the market is segmented into on-premise and cloud. As per organization size, it is bifurcated into large enterprises and small & medium enterprises. In terms of network type, the market is divided into wireline and wireless. As per product type, it is classified into customer order management, service order management and service inventory management. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The customer order management segment dominated the telecom order management market industry in 2018 and is projected to maintain its dominance during the forecast period, owing to various benefits that include significant efficiency improvements and saving costs. Furthermore, the service inventory management segment is expected to grow at a significant CAGR during the forecast period, owing to rise in adoption of this systems among different enterprises for providing better quality services at a faster response time and at less competitive pricing.

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Based on region, the global telecom order management market was dominated by North America in 2018 and is expected to maintain this trend during the forecast period. The major factors driving the growth of the market in this region includes the expansion of long-term evolution networks in this region and various new innovative solutions introduced by various service providers for better customer service and improving the quality and performance of the service.

The key players profiled in the telecom order management market analysis IBM Corporation, Oracle Corporation, Cognizant, Ericsson, Fujitsu Limited, Pegasystems Inc., Infosys Limited, Wipro Limited, Comarch SA and Cerillion. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

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Key Finding of The Telecom Order Management Market:

⁕ Based on component, the solution segment led the telecom order management market size in terms of revenue in 2018.

⁕ By organization size, the large enterprises segment accounted for the highest telecom order management market share in 2018.

⁕ Based on region, North America generated the highest revenue in 2018.

⁕ Depending on industry vertical, the healthcare segment is anticipated to exhibit substantial growth during the forecast period.

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