Major companies are focused on contracts and agreements, in order to enhance the market presence. For instance, in July 2020, Amdocs entered into an agreement with PLDT to accelerate digital transformation of enterprise business.
Key players are involved in mergers and acquisitions, in order to gain a competitive edge in the market. For instance, in July 2019, IBM Corporation acquired Red Hat for US$ 34 billion.
Asia Pacific And Global Ossbss Market Report Snapshots