Market Size – USD 2 billion in 2018, Market Growth – CAGR of 13.3%, Market Trends – Rapid increase in the number of connected devices, frequent launch of new products and services as well as tariff introduction and shortening of the life-cycle of telecom products.
The Telecom order management market is expected to grow from USD 2 billion in 2018 to USD 6 billion by 2026, at a CAGR of 13.3% during the forecast period. The escalating necessity of telecom companies and network service providers to bring down the cost in providing the services to its clients and customers to get an edge over its competitors is forecasted to fuel the growth of the market. Concerns of telecom companies and network service providers to reduce customer attrition, consolidation of services by telecom companies and push on mobile payment services will also drive the growth of the market. Further, a huge increase in the number of connected devices is also expected to drive the market.
The factor responsible for restricting the growth of the market is the resistance of the telecom companies and network service providers to adapt to a new system as well as the need for skilled specialists to operate the system.
Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the telecom order management market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
The report “Telecom Order Management Market by Component (solution and services), Type of Network (wired and wireless network), Type of Deployment (cloud and on-premises), and Geography-Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/checkout-form/1093
Further key findings from the report suggest
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For this report, the market has been divided into segments on the basis of component, type of network, type of deployment, and region:
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