ASIA PACIFIC, LATIN AMERICA AND EMEA SYSTEM INTEGRATION IN TELECOMMUNICATION MARKET ANALYSIS

Asia Pacific, Latin America and EMEA System Integration in Telecommunication MarketSize and Trends

The global System Integration in Telecommunication Market was accounted for US$ 27406.8 Mn in terms of value in 2019 and is expected to grow at CAGR of 6.2% for the period 2020-2027.

EMEA held dominant position in the global System Integration in Telecommunication market in 2019, accounting for 47.1% share in terms of value, followed by Asia Pacific and Latin America respectively

Figure 1: Global System Integration in Telecommunication Market Share (%) in terms of Value, By Region, 2019

The global System Integration in Telecommunication market was valued at US$ 27406.8 Mn in 2019 and is forecast to reach a value of US$ 43580.2 Mn by 2027 at a CAGR of 6.2% between 2020 and 2027.

Figure 2: Global System Integration in Telecommunication Market Value (US$ Mn), 2017 - 2027

Market Trends

1. Growing adoption of new generation operating system (NGOSS)

Legacy OSS BSS platforms face challenges such as low data accuracy, long process cycles, and increasing security issues among others. In order to overcome these barriers, system integrators globally are introducing a new generation operations system (NGOSS). Telecommunication service providers are adopting next-generation OSS/BSS systems due to factors such as emerging applications, integration with new IP-based frameworks, and to improve upon customer service. Moreover, the need to rationalize legacy systems into common support frameworks, along with availing differentiating services from that of competitors, is further encouraging telecommunication service providers to adopt new generation operations system.

2. Mergers and acquisitions among market players

Key companies in the market are focused on mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in March 2016, NetCracker Technology Corporation extended its partnership with BT Group Plc – a telecommunication services provider based in The U.K. – to offer revenue and billing management solutions in order to simplify billing and rating business line.