Multiservice Provisioning Platform Market, By Component (Hardware, Software, and Services), By Deployment (On-premises and Cloud-based), By End User (Telecommunications Service Providers, Internet Service Providers (ISPs), Enterprises, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Sep 2024

Code : CMI7397

Pages :167

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Multiservice Provisioning Platform Market Concentration by Players

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Expansion of 5G and IoT networks

The rise of 5G technology and exponential growth of IoT present a massive business opportunity for CSPs but also introduce several challenges related to network management and operations. 5G networks are far more complex multi-dimensional systems compared to previous generations. They rely on a variety of new technologies and network domains - from enhanced mobile broadband to mission critical applications. Similarly, IoT connections are also diversifying across a broad range of use cases requiring tailored solutions. Managing these large-scale heterogeneous networks with traditional tools is near impossible for CSPs.

A multi-service provisioning platform creates the foundation required to build and manage next-generation 5G and IoT networks at scale. With its unified orchestration capabilities, CSPs can automate processes across different domains and flexibly provision hardware and software resources according to dynamic requirements. As networks expand and technologies advance rapidly, the platform provides a single point of control as well as integration for diverse systems. This helps CSPs roll out new services and capacities in a timely and cost-efficient manner.

In June 2023, Nokia, a global leader in telecommunications and networking technology, launched a new multiservice provisioning platform that supports 5G services. This innovative platform enables operators to efficiently manage and provision both legacy and next-generation services from a single interface, enhancing their operational capabilities in a rapidly evolving market.

Key Players Insights