System Integration in Telecommunication Market Will Amass US$ 36.9 Bn by 2024

Persistence Market Research projects –

• The future of global telecommunication industry will witness higher adoption of complex information systems which will facilitate speedy data convergence
• System integrators will play a key role in compiling information emanating from multiple and advanced telecommunication network standards
• Integration of business support systems (BSS) and operation support systems (OSS) will boost the support for end-to-end telecommunication services and bring forth some improved customer management solutions

Owing to rising urban population, growing strength of telecom networks, brimming data transference, and deployment of advanced technologies, the demand for system integration in telecommunication continues to surge in regions namely, Asia-Pacific, Latin America, Europe, Middle East and Africa. A latest study published by Persistence Market Research has estimated that the market for system integration in telecommunications across these regions is presently valued at US$ 22.5 Bn. By the end of 2024, these regions will collectively showcase revenue growth at an impressive 6.3% CAGR and witness the market for system integration in telecommunication reach US$ 36.9 Bn in value.

Rapid System Integration in Telecommunications across Asia-Pacific (APAC)
The demand for system integration in telecommunication across APAC countries is projected to witness revenue growth at 7.1% CAGR. A majority of system integration solutions adopted across APAC telecommunications industry will be directed towards OSS, revenues from which will reach US$ 10.6 Bn by the end of 2024. China will contribute with more than one-third of overall revenues, while India, New Zealand, Australia, Japan and ASEAN countries will showcase rampant revenue growth. Vodafone Hutchinson Telecommunications, Telstra Corporation Ltd., SingTel Optus Pty Limited, NTT-Docomo Corporation, Ideal Cellular Ltd., Reliance Communications, and Softbank Corporation are some of the prominent IT service provider in the APAC telecommunications industry.

Telecommunication Services in Latin America awaiting System Integration
On an average, 40% of revenues procured in Latin America’s system integration in telecommunication market will be emanating from Brazil. The demand for integrating OSS and BSS will also gain traction in Mexico and Argentina. Although, the overall system integration in telecom market in Latin America is being projected to expand at a moderate CAGR of 4.4%. High implementation costs of system integration solutions are imposing a relatively less adoption in Latin America, as opposed to the APAC region, Europe or Middle East & Africa. Leading IT service providers mapping Latin America’s telecom industry are identified as Telefonica Brasil, TIM Brasil, Telecom Argentina SA, Nextel, Telcel, Claro Brasil, and Telefonica SA.

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High Integration of OSS/BSS Systems in Europe, Middle East & Africa (EMEA)
The EMEA system integration in telecommunication market is presently valued US$ 10.5 Bn. In the Middle East and Africa, South Africa is projected to exhibit high value CAGR of 7%, while the European system integration in telecommunication market will see consolidated growth from the EU5 – Spain, Germany, Italy, France and the UK. These five countries will also dominate the overall EMEA region, accounting for over 40% value share by the end of 2024. The MTN Group, Saudi Telecom Company, Vodacom, and Airtel Africa are leading telecom service providers across the Middle East and Africa. The telecom industry of Nordic countries and Russia is mapped by IT service providers namely, Telenor ASA, VimpelCom Ltd., and Mobile TeleSystems. Meanwhile, companies such Deutsche Telekom, Orange SA, BT Group plc., Telefonica SA and Vodafone Group plc. are charting the waters of telecommunication services in EU5 countries.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/14008

The report has also profiled leading providers of system integration solution in telecom across Asia-Pacific, Latin America, Europe, the Middle East & Africa. These include, Oracle Corp., Redknee Inc., Huawei Technologies Co., Ltd., Sigma System Canada, NetCracker Technology Corporation, Openet Telecom, Ericsson, Comptel Corp., and Amdocs Inc.

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This release was published on openPR.