MULTISERVICE PROVISIONING PLATFORM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

One of the key challenges that the global multiservice provisioning platform market is facing is the complexity and high cost involved in the implementation of these platforms. Integrating different network services into a common architecture is a complex task which requires coordination between multiple teams. Service providers need to virtualize and consolidate various discrete technologies which increases the complexity of network operations. This implementation process requires specialized skills and expertise which increases the cost of hiring resources. Integrating legacy systems that have been running in silos also poses technical challenges. Additionally, testing and validating such complex platforms before commercial deployment involves significant expenditure. The upgradation of the existing infrastructure to accommodate new features also contributes to high capital expenditures. While multiservice provisioning brings convergence benefits, the complex integration of various components is a hindrance for many smaller carriers to adopt this technology.

Opportunity: Integration with other technologies such as SD-WAN and NFV

The global multiservice provisioning platform market has a major opportunity in further integrating these platforms with emerging technologies such as SD-WAN and network functions virtualization. As enterprises increasingly adopt cloud-based applications and flexible working models, they demand network connectivity that can offer consistent experience across multiple sites. Integration of multiservice provisioning platforms with SD-WAN capabilities allows providers to dynamically steer traffic based on application requirements. This helps deliver superior quality of experience for real-time collaboration tools. Furthermore, virtualizing more network functions through NFV integration would help optimize resource utilization and enable faster service provisioning. Advanced analytics and assurance functions could also be leveraged through the platform to improve performance monitoring. Such integrations present a significant opportunity for carriers to expand their unified communications and connectivity portfolio and be well-positioned to cater to the high growth enterprise market.