Integration in Telecommunication Market Expansion to be Persistent During 2024

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.

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.

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Operational Support System (OSS) segment likely to retain its dominance throughout the forecast period

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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This release was published on openPR.