Partner And Interconnect Management Market Trends, Surging Demand, Detailed Analysis, And Forecast To 2033

The Business Research Company recently released a comprehensive report on the Global Partner And Interconnect Management Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

According to The Business Research Company's, The partner and interconnect management market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to increased demand for global connectivity, strategic initiatives by market players.

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Market Drivers and Trends:

The rising adoption of cloud-based services is expected to propel the growth of the partner and interconnect management market going forward. Cloud-based services refer to computing services such as storage, applications, and processing power that are delivered to users over the internet from remote servers maintained by a third-party provider. Partner and interconnect management help optimize costs associated with cloud-based services by negotiating favorable terms, minimizing redundant services, and optimizing resource utilization across different providers. For instance, in December 2023, according to the European Commission, a Belgium-based government body, approximately 42.5% of EU enterprises procured cloud computing services in 2023, marking a 4.2% increase in the share of enterprises purchasing cloud computing services compared to 2021. Therefore, the rising adoption of cloud-based services is driving the growth of the partner and interconnect management market.

Major companies operating in the partner and interconnect management market are developing advanced technologies, such as partner management platforms, to better serve customers with advanced features. A partner management platform is a software solution designed to streamline the relationship between a company and its partners, which could include distributors, resellers, suppliers, and other types of business collaborators. For instance, in November 2023, ZINFI Technologies Inc., a US-based provider of partner relationship management SaaS applications, launched the state-of-the-art hyper-personalized partner journey platform. The newly introduced partner journey platform by ZINFI represents a unique advancement in partner relationship management. It revolutionizes how enterprises interact with their partner ecosystems from the outset, encompassing everything from initial onboarding and empowerment to collaborative marketing and sales efforts and beyond. This innovative platform offers seamless integration of diverse partner management workflows, ensuring a unified and customized experience for each partner.

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Major Key Players of the Market:

Huawei Technologies, Cisco Systems, Oracle Corporation, SAP SE, Ericsson Corporation, Nokia Corporation, Juniper Networks, Amdocs, Ciena Corporation, CSG Systems International Inc., Ribbon Communications Inc., Sterlite Technologies Limited, Syniverse Technologies LLC , Enghouse Networks Ltd., TEOCO Corporation, Comviva Technologies Ltd., Matrixx Software Inc., Nexign, Panamax Inc., Optiva Inc., Redknee Solutions, Aria Systems, Cerillion Technologies Limited, TOMIA, Anam Technologies Ltd

Partner And Interconnect Management Market 2024 Key Insights:

• The partner and interconnect management market is expected to grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
• Growth Of Partner And Interconnect Management Market Through Cloud Adoption
• Advancements In Partner Management Technology
• Asia Pacific was the largest region in the partner and interconnect management market in 2023

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