DUBLIN--(BUSINESS WIRE)--The "Telecom System Integration Market by Application (OSS, BSS (Billing & Revenue Management, Subscriber Data Management, Service Fulfilment), Network Management, and Digital Services), Deployment Type, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The telecom system integration market is expected to grow from USD 16.56 Billion in 2017 to USD 25.16 Billion by 2022, at a CAGR of 8.7% during the forecast period, owing to the increasing complexities in managing network and IT infrastructure in the multi-vendor landscape.
Furthermore, the increasing pressure on telecom organizations to enhance customer experience, cloud and network integration, and lack of in-house expertise have been considered as major factors driving the market. However, high implementation cost and time would restrain the growth of telecom system integration services.
The on-premises deployment model is expected to account for a major share of the telecom system integration market by deployment type. On-premises solutions are delivered with a one-time licensing fee, along with a service agreement. On-premises solutions have been deployed on a large scale in telecom companies over the years, as telecom companies have a ready infrastructure to support on-premise solutions. This is a fundamental factor that contributes to the dominance of market for on-premises solutions.
The network management application is estimated to dominate the telecom system integration market in 2017. Continuous development in network technologies has encouraged telecom vendors and communication service providers to integrate advanced network solutions with their legacy system. Integrating network solutions efficiently with infrastructure is vital to extract maximum returns on investment from their network solutions. The on-going advancements in the network infrastructure are expected to aid the growth of network management application area in coming years.
- Cloud and Network Integration
- Lack of In-House Expertise
- Proliferation of IoT in the Telecom Industry
- High Implementation Costs and More Time Consumption
- Faster Pace of Technological Advancements
- Fierce Competition in the Telecom Sector
- Integration Affecting Data Timeliness
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Telecom System Integration Market, by Application Area
7 Telecom System Integration Market, by Deployment Type
8 Telecom System Integration Market, by Region
9 Competitive Landscape
10 Company Profiles
- DXC Technology
- Nokia Networks
- Stixis Technologies
- Tech Mahindra
For more information about this report visit https://www.researchandmarkets.com/research/ds2vbf/global_telecom?w=4