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

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

Download TOC of Asia Pacific Latin America And Emea System Integration In Telecommunication Market@ https://www.persistencemarketresearch.com/market-research/asia-pacific-latin-america-and-emea-system-integration-in-telecommunication-market/toc

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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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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OSS segment is anticipated to witness significant revenue growth in the system integration in telecommunication market over the forecast period

In terms of value, the OSS segment is projected to be the most attractive segment in the Latin America system integration in telecommunication market during the forecast period. OSS segment is also expected to register high Y-o-Y growth rates throughout the forecast period in this region. In terms of value, the OSS segment is expected to expand at a CAGR of 4.5% during the forecast period in Latin America. In 2017, the BSS segment is expected to be valued a little more than US$ 1,000 Mn in the Latin America system integration in telecommunication market and is expected to witness steady growth in terms of revenue throughout the forecast period. In Asia Pacific, the BSS segment is expected to be valued at over US$ 3,000 Mn in 2017, while the OSS segment is expected to register high Y-o-Y growth rates throughout the forecast period. In terms of value, the OSS segment is expected to expand at a CAGR of 7.3% during the forecast period in the Asia Pacific system integration in telecommunication market.

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This release was published on openPR.