In Telecom management one can study and get certified as an MBA in the Telecom Management. The course describes and makes one acquainted with the things that are related to the telecommunications and the networking. Telecom management course provides specialization in the three major areas system, marketing and finance.
Statistics:
The global telecom operations management market is estimated to account for US$ 45.73 Mn in terms of value by the end of 2022.
Drivers:
Rise in demand for outsourcing telecom operations is expected to propel the growth of global telecom operations market. For instance, as per Federal Bureau of Labor Statistics, U.S outsourced about 300,000 jobs to other countries.
Opportunity:
Investment by the telecommunications industry in interoperability and technology has strengthened a standard shift in capital flows and information through the global economy. It offered the building blocks for the emergence of entirely new business models across industries. With the rising demand for bandwidth and the rising number of mobile Internet users, communication service providers are developing to provide advanced and innovative solutions. This is projected to act as an opportunity the growth of global telecom operations management market.
Recent Development:
In December 2019, Ericsson and the ISPs Azercell, had a pact of a three year 5G MoU to offer the trial of the 5G network and a pre-commercial 5G pilot zone to introduce the IoT technology for the mining industry, housing, communal services, manufacturing.
Restraint:
The telecom system integrators are posing a very important role in combining the new technologies with the existing legacy infrastructure. System integrators are required to ensure smooth network transformation for the telecom companies and this is a time consuming procedure. This is anticipated to hinder the growth of the global telecom operations management market.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/telecom-operations-management-market-5151
Global Telecom Operations Management Market - Impact of Coronavirus (Covid-19) Pandemic
The Covid-19 outbreak had led to the positive impact on the growth of the global telecom operations management market. It is due to the rising population accessing for the demand of internet services over a vast duration and work from home situations. The rise in people WFH has led to the rise in internet for several purposes such as downloading, video viewing and video call conferencing.
Key Takeaways:
The global telecom operations management was valued at US$ 42.36 Mn in 2021 and is forecast to reach a value of US$ 90.97 Mn by 2030 at a CARG of 9.0% between 2022 and 2030.
Software held the dominant position in the global telecom operations management market in 2022, accounting for 70.4% share in terms of value, increasing approval and launch of new products is expected to propel the growth of the segment during the forecast period.
Key Trends/Takeaways:
Trend 1:
Telecom companies globally are focusing on transformation journeys centered on the cloud to drive new services, revenue opportunities, and experiences. The telecom operators can propel the journey by combining their cloud-native, open and modular solutions with the fully managed, high-performing Cloud platform. Cloud providers are focusing on some strategic regions to support telecommunications companies. These include helping telecommunications companies monetize 5G as a business services platform. This is expected to act as a major trend in the growth of global telecom operations management market.
Trend 2:
The ZENIC ONE system integrates AI and Big Data for the first time to add management and control with tools and applications. Therefore, the system can collect the information related to the operation reported by the device in real-time. Further can combine AI intelligent big data analysis to monitor the network operation status, promptly pinpoint problems and recover services enhancing O&M efficiency. Such factors are expected to boost the growth of the global telecom operations management market.
Competitive Landscape:
Major key players operating the global telecom operations management market are IBM Corporation, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Netcracker Technology Corp, Accenture PLC, Oracle Corporation., TATA Consultancy Services Limited, Amdocs Inc., NEC Corporation, ZTE Corporation, Nokia Corporation, Comarch SA, SAP SE, ServiceNow Inc. and Cisco Systems Inc.
