The Telecom IT Services Global Market Report 2023, provides comprehensive information on the telecom it services market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global telecom IT services market size is expected to grow from $957.28 billion in 2022 to $1,089.43 billion in 2023 at a compound annual growth rate (CAGR) of 13.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global telecom IT services market size is expected to reach $1,905.39 billion in 2027 at a CAGR of 15%.
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Technological advancements are key trends gaining popularity in the telecom IT services market. Major companies operating in the telecom IT services market are adopting new technologies to sustain their position in the market. For instance, in February 2023, HCL Technologies Limited, an India-based information technology services and consulting company, launched CloudSMART Modernization Experience and Site Reliability Engineering (SRE), two new technology suites to help expedite the modernization of telecom networks using Cloud Native platforms. HCLTech’s cutting-edge CloudSMART Modernization Experience for telecom enables the use of open-source and off-the-shelf IT vendor solutions. This allows telecom service providers to develop bespoke solutions by merging best-of-breed platforms from various network solution vendors. HCLTech’s SRE enablement for Cloud Native telecom allows a comprehensive set of practices required to conduct large-scale telecom operations on current Cloud Native platforms successfully. It enables telecom service providers to improve and sustain industry-leading dependability levels by incorporating modern SRE practices into their operations. This results in increased efficiencies while decreasing lock-in with traditional telecom network providers.
The telecom it services market is segmented:
1) By Solution: CRM, Mobile Commerce, Enterprise Mobility, Network Management, Supply chain Management, OSS BSS, Other Solutions
2) By Deployment Type: Cloud-Based, On-Premise, Hybrid
3) By Organization Size: Small And Medium-Sized Businesses (SMBs), Large Enterprises
4) By Application: Commercial, Residential
Asia-Pacific was the largest region in the telecom it services market in 2022.
The table of contents in TBRC’s telecom it services market report includes:
- Executive Summary
- Telecom IT Services Market Characteristics
- Telecom IT Services Market Trends And Strategies
- Telecom IT Services Market – Macro Economic Scenario
- Telecom IT Services Market Size And Growth
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- Africa Telecom IT Services Market
- Telecom IT Services Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Telecom IT Services Market
- Telecom IT Services Market Future Outlook and Potential Analysis
- Appendix
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