System Integration in Telecommunication Market across APAC, EMEA & Latin America to Reach US$ 36.9 Bn in Value by 2024-end

Persistence Market Research forecasts revenue from the Operational Support System (OSS) segment in the Asia Pacific, Latin America, and EMEA system integration in telecommunication market to be valued at a little more than US$ 16 Bn in 2017 and reach a market value in excess of US$ 20 Bn by the end of 2024. Revenue from the OSS segment is expected to expand at a CAGR of 6.6% over the forecast period and the segment is expected to create incremental $ opportunity of a little more than US$ 10 Bn between 2016 and 2024. The Business Support System (BSS) segment revenue from the three assessed regions is expected to be valued at more than US$ 7,500 Mn in 2017 and is estimated to reach a value of a little more than US$ 11 Bn by 2024 end. Revenue from the BSS segment is expected to expand at a CAGR of 5.7% over the forecast period with an incremental $ opportunity of more than US$ 4,000 Mn between 2016 and 2024. In terms of value, the OSS segment is projected to be the most attractive segment in the Asia Pacific, Latin America, and EMEA system integration in telecommunication market during the forecast period.

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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.

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Due to the high level of competition and maturity within the telecommunication industry, differentiation of services has become essential for network operators globally in order to sustain their consumer base and market position. Therefore, telecom operators are investing significantly in revamping their traditional network solutions. Operations and business support systems allow telecom providers to develop services to cater to the needs of customers, based on their purchasing patterns. OSS/BSS offers providers a platform to detect their revenue earnings and improve customer experience due to access to integrated transaction data. This increasing use of both the solutions has automatically fueled the growth of the OSS and BSS sub-segments in the Asia Pacific, Latin America & EMEA system integration in telecommunication market. OSS/BSS solutions enable telecommunication enterprises to reduce customer delivery time, which is among the major factors driving adoption of OSS/BSS solutions. Solutions such as customer relationship management, billing orders, purchase orders, and others enable service providers to comply with the dynamic requirements of their clients and support related functions.

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