Sarasota, FL — (PRESS RELEASE JET) — 10/11/2017 — Telecom Operations Management Market: Overview
Telecom operations management caters to abridge the intricate day-to-day operations taking place in the telecommunication sector. In a bid to obtain the maximum market share in terms of subscribers, telecom operators have lessen their calling costs which results in less productivity and lower average revenue per user (ARPU) values. As a consequence, they face a rising task of reducing their operational expenditure and maximizing productivity. Ever-increasing requirement for end-to-end inclusive solution for the running of operations led to the development of this market.
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The global telecom operations management market has been experiencing higher development over the coming years owing to augmented requirement for telecom companies to successfully and timely address different customer needs in highly competitive atmosphere. Telecom companies acquire high expenditure while refinement of their operations and look for operations support system (OSS) providers to offer efficient telecom services with condensed OPEX and CAPEX cost.
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Telecom Operations Management Market: Growth Factors
Increasing operational costs, rising acceptance of next-generation telecom technologies, high operational complexity, and high investments in OSS structural design are the most important aspects contributing to the market development.
High operational expenditure and difficulty of telecom infrastructure, as a result it has augmented the popularity for the global telecom operations management market. Shortage of competent system integrators is anticipated to hold back market expansion over the coming years. Rising requirement for end-to-end operations administration is anticipated to open up latest avenues for market development.
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Telecom Operations Management Market: Segmentation
The global telecom operations market can be classified on the basis of service, software, and deployment. Software packages in the telecom operations management consist of customer & product management, resource inventory management service fulfillment & assurance, billing & revenue management, service delivery platform and network management. Operations & maintenance, planning & consulting, managed services and system integration, are the various services included in the global telecom management market. On the basis of deployment, the market can be divided into cloud and on-premise.
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Telecom Operations Management Market: Regional Analysis
North America is projected to be the highest for the global for telecom operations management market, while the MEA and Asia Pacific are anticipated to grow at a quicker pace. Asia Pacific will be center and front of the IT operations and service management market in terms of expansion rate. Countries such as India, China, South Korea and Japan, are experiencing growing shareholder interest in enterprise IT along with ITOSM. This trend will be noticeable in the form of a good growth rate for the Asia Pacific market in the coming years. Several internet users in the region of Asia Pacific are growing and recent technologies such as 4G LTE create opportunities in up-and-coming economies, the quantity of data created is anticipated to soar. This feature will portend well for the development of the telecom operations management market. SME symbolizes a huge untapped prospect in the APAC region.
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Telecom Operations Management Market: Competitive players
The key players of the global telecom operations management market are Amdocs, Ericsson, Oracle, Accenture, Hewlett-Packard, Alcatel-Lucent, CISCO, Huawei, SAP AG, and NEC.
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