Telecom Operations Management Market Report 2024: Strategies And Recent Developments

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Telecom Operations Management Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The telecom operations management market size has grown strongly in recent years. It will grow from $68.62 billion in 2023 to $74.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to evolution of oss/bss solutions, shift towards digital transformation, improvements in service quality, adoption of cloud-based solutions, focus on cost optimization.

The telecom operations management market size is expected to see strong growth in the next few years. It will grow to $103.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rapid expansion of sdn and nfv, focus on energy efficiency, adoption of zero-touch automation, integration of ai-powered analytics, enhanced focus on network virtualization. Major trends in the forecast period include automation and ai integration, shift to cloud-based solutions, focus on network security, implementation of 5g networks, customer experience enhancement.

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Market Segmentation:
The telecom operations management market covered in this report is segmented -

1) By Service: Planning and Consulting, Operations and Maintenance, System Integration, Managed Services
2) By Software Type: Billing and Revenue Management, Customer and Product Management, Service Fulfillment and Assurance, Resource Inventory Management, Network Management, Service Delivery Platform
3) By Deployment: On-premise, Cloud

Major Driver - Surge In Mobile Internet Users Drives Momentum For The Telecom Operations Management Market
The increasing number of mobile internet users is expected to drive the telecom operations management market forward going forward. Mobile internet refers to the ability to access the internet on a mobile device, such as a smartphone or tablet, using wireless communication technology. Increasing internet users put an excessive burden on telecommunications companies. This operational stress is managed through telecom operations management solutions as these solutions help manage repetitive tasks and complex procedures. For instance, in 2022, according to the International Telecommunication Union, a Switzerland-based specialized agency of the United Nations, 5.3 billion people in the world use the internet, which is about 66% of the world's population. The growth rate was 6.1% in 2021-2022, up from 5.1% in 2020-2021. As a result, the increasing number of mobile internet users is driving the telecom operations management market.

Competitive Landscape:
Major companies operating in the telecom operations management market report are IBM Corporation, Telefonaktiebolaget LM Ericsson, Oracle Corporation, Hewlett Packard Enterprise Development LP, Nokia Corporation, Amdocs Inc., Netcracker Technology Corp., Cisco Systems Inc.,SAP SE, NEC Corporation, Comarch SA, ZTE Corporation, ServiceNow Inc., Tata Consultancy Services Limited, Avatier Corporation, Evidian SA, Subex Limited, Huawei Technologies, Tech Mahindra, Samsung Electronics, Alcatel-Lucent Enterprise, Infosys, Ciena Corporation, Juniper Networks, Anritsu Corporation, NETSCOUT, MYCOM OSI, Ascom, Teoco Corporation, Spirent Communications, Radcom, Astellia, Viavi Solutions, Centina Systems, Advantech, Parallel Wireless

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Top Trend - Gozone Wi-Fi Unveils Innovative Enterprise Suite For Telecom Infra Project (TIP) Open WIFI
Product innovations are a key trend gaining popularity in the telecom operations management market. Major companies in the market are introducing innovative solutions to sustain their position in the market. For instance, in November 2022, GoZone Wi-Fi, a US-based Wi-Fi network solution provider launched the first-ever enterprise-grade application suite for Telecom Infra Project (TIP) Open WIFI. The new solution helps network providers and telecom companies to effectively address customer Wi-Fi issues and accelerate innovation in Wi-Fi infrastructure.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Telecom Operations Management Market Characteristics
3. Telecom Operations Management Market Trends And Strategies
4. Telecom Operations Management Market - Macro Economic Scenario
5. Telecom Operations Management Market Size And Growth
…..
27. Telecom Operations Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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