Telecom Operations Management Market Size, Share Growth Status, Demand Dynamics, Industry Challenges, and Forecast Till 2030

Market Overview:

Telecom operations management enables telecom operators to reduce operational costs through centralizing network management and monitoring systems. It offers services such as Operations Assurance, Service Delivery, Resource Inventory Management and Network Event Management.

The telecom operations management market was valued at US$ 42.36 Bn in 2021 and is forecast to reach a value of US$ 90.97 Bn by 2030 at a CAGR of 9.0% between 2022 and 2030.

Market Dynamics:

Telecom operations management systems allow operators to reduce operational costs by automating repetitive processes and tasks. This improves operational efficiency of telecom networks. Growing need to optimize network operations and reduce costs is driving adoption of these systems. Further, rising mobile data traffic is prompting operators to deploy advanced systems to ensure seamless service delivery and positive customer experience. This is another factor fueling demand in the market.

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Top Key Players:

IBM Corporation, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Netcracker Technology Corp, PLC, Oracle Corporation., TATA Consultancy Services Limited, Amdocs Inc., NEC Corporation, ZTE Corporation, Nokia Corporation, Comarch SA, SAP SE, ServiceNow Inc. and Cisco Systems Inc.

Detailed Segmentation:

Global Telecom Operations Management Market, By Deployment:
On-Premise
Cloud
Global Telecom Operations Management Market, By Type:
Software
Services
Global Telecom Operations Management Market, By Software:
Network Management
Customer and Product Management
Revenue Management
Inventory Management and Others
Global Telecom Operations Management Market, By Geography:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa

Major Drivers of Telecom Operations Management Market Growth

Increasing demand for network optimization and automation solutions

With the ever-increasing subscriber base, telecom operators are under immense pressure to deliver seamless connectivity and superior quality of experience to customers. Legacy manual processes are proving inadequate to handle the massive scale and complexity of today's telecom networks. There is a growing need for advanced network optimization and automation solutions that can help operators dynamically monitor network performance, diagnose faults, optimize resource utilization, and automate mundane operational tasks. This is significantly driving the adoption of telecom operations management solutions across the industry.

Rising 5G deployments and network complexities

The rollout of 5G networks is expected to transform industries and drive new opportunities for communication service providers. However, it is also making network management exponentially more complex due to technologies such as network slicing, edge computing, and massive IoT. Managing tens of billions of networked devices and providing guaranteed quality of services will require telecom operators to overhaul traditional OSS/BSS systems. Next-gen telecom operations management platforms with capabilities like AI/ML, analytics, automation are becoming imperative for tackling the complexities of 5G era networks. This changing industry landscape is a major market driver.

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Major Restrain for Telecom Operations Management Market Growth

High initial investments requirements

Designing and deploying comprehensive telecom operations management systems requires massive investments in hardware infrastructure, software licenses, professional services, customizations, integration with legacy systems, training etc. For many cash-strapped telecom operators in developing markets, the high upfront costs pose a significant barrier. Moreover, justifying the ROI of such solutions to top management also remains a challenge given long payback periods. Unless vendors offer flexible payment models, this financial deterrent will continue restraining faster adoption of advanced telecom OSS/BSS systems.

Major Market Opportunity for Telecom Operations Management Market

Growth of private LTE/5G networks

With advancements in industrial IoT, massive land/sea connectivity needs of enterprises across sectors like manufacturing, mining, ports, transportation etc are driving the shift towards dedicated private wireless networks. Setting up and managing these complex private LTE/5G networks will require specialized telecom operations management platforms. This emergence of a whole new segment of custom private networks presents a lucrative growth opportunity for vendors offering customized telecom management systems tailored for specific vertical use cases and business workflows.

Major Trends in the Telecom Operations Management Market

Adoption of cloud-native architectures

Telecom operators are increasingly modernizing their IT infrastructures with a move towards cloud-native architectures. Microservices, containers, serverless computing are helping facilitate agility, scalability and faster adoption of new technologies. Telecom OSS/BSS vendors are aligning product roadmaps to these cloud-first trends by redesigning monolithic systems into cloud-native, API-driven, event-driven architectures. This tectonic shift from legacy to cloud-native is a defining trend that will reshape the telecom operations management landscape in the coming decade.

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Key Questions Addressed in the Market Report:

What is the expected size, share, and CAGR of the Telecom Operations Management Market over the forecast period?
What are the key trends expected to influence the Telecom Operations Management Market between 2023 and 2030?
What is the expected demand for various types of products/services in the Telecom Operations Management Market?
What long-term impact will strategic advancements have on the Telecom Operations Management Market?
Who are the key players and stakeholders in the Telecom Operations Management Market?
What are the different segments and sub-segments considered in the Telecom Operations Management Market research study? 

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