Telecom Operations Management Market, By Type (On-Premise, Cloud), By Deployment (Software, Services), By Software (Network Management, Customer and Product Management, Revenue Management, Inventory Management and Others), By Geography (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Aug 2022

Code : CMI5151

Pages :173

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Challenges And Opportunities

Market Drivers:

Driver 1:

The increasing need for low cost data and voice services is expected to boost the growth of the global telecom operations management market. For instance, as per Global Mobile Suppliers Association’ data there were 253 operators investing in VoLTE in 113 countries. It included 184 operators with commercially launched VoLTE-HD voice service in 87 countries.

Driver 2:

Growing number of services such as cloud, Machine to Machine transaction, and mobile money are anticipated to fuel the growth of global telecom operations management market. As per Eurostat, around 41% of the European enterprises are using cloud computing services.

Market Restraint:

Restraint 1:

Where the operational costs and the complexity is anticipated fuel the growth of the market. Factors such as lack of efficient system integrators is projected to hinder the growth of the global telecom operations management market.

Restraint 2:

System integrators are needed to ensure smooth network migration for telecom companies. The system integration process is highly costly and time-consuming. This factor is expected to hamper the growth of global telecom operation management market.

Market Opportunities:

Opportunity 1:

The rising number of mobile internet users is driving communication service providers to provide advanced and innovative solutions. This is combined with the escalating demand for low-cost data and voice services. It is offering lucrative opportunities for investors in the growth of global telecom operation management market.

Opportunity 2:

The rising adoption of telecom operations management on account of the improving infrastructure development of 5G networks is positively influencing the market across the globe. This in turn is expected to boost the growth of the global telecom operations management market.