Overview and Scope
Telecom operations management refers to the process of managing the day-to-day activities and operations of a telecommunications network or service provider. It is used to ensure that the telecom network and services are operating efficiently and effectively to meet the needs and demands of customers.
Sizing and Forecast
The telecom operations management market size has grown strongly in recent years. It will grow from $68.62 billion in 2023 to $74.28 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to evolution of oss/bss solutions, shift towards digital transformation, improvements in service quality, adoption of cloud-based solutions, focus on cost optimization.
The telecom operations management market size is expected to see strong growth in the next few years. It will grow to $103.49 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to rapid expansion of sdn and nfv, focus on energy efficiency, adoption of zero-touch automation, integration of ai-powered analytics, enhanced focus on network virtualization. Major trends in the forecast period include automation and ai integration, shift to cloud-based solutions, focus on network security, implementation of 5g networks, customer experience enhancement.
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Segmentation & Regional Insights
The telecom operations management market covered in this report is segmented –
1) By Service: Planning and Consulting, Operations and Maintenance, System Integration, Managed Services
2) By Software Type: Billing and Revenue Management, Customer and Product Management, Service Fulfillment and Assurance, Resource Inventory Management, Network Management, Service Delivery Platform
3) By Deployment: On-premise, Cloud
North America was the largest region in the telecom operations management market in 2023. Europe is expected to be the fastest-growing region in the global telecom operations management market report during the forecast period. The regions covered in the telecom operations management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing number of mobile internet users is expected to drive the telecom operations management market forward going forward. Mobile internet refers to the ability to access the internet on a mobile device, such as a smartphone or tablet, using wireless communication technology. Increasing internet users put an excessive burden on telecommunications companies. This operational stress is managed through telecom operations management solutions as these solutions help manage repetitive tasks and complex procedures. For instance, in 2022, according to the International Telecommunication Union, a Switzerland-based specialized agency of the United Nations, 5.3 billion people in the world use the internet, which is about 66% of the world’™s population. The growth rate was 6.1% in 2021-2022, up from 5.1% in 2020-2021. As a result, the increasing number of mobile internet users is driving the telecom operations management market.
Key Industry Players
Major companies operating in the telecom operations management market report are IBM Corporation, Telefonaktiebolaget LM Ericsson, Oracle Corporation, Hewlett Packard Enterprise Development LP, Nokia Corporation, Amdocs Inc., Netcracker Technology Corp., Cisco Systems Inc., Accenture PLC, SAP SE, NEC Corporation, Comarch SA, ZTE Corporation, ServiceNow Inc., Tata Consultancy Services Limited, Avatier Corporation, Evidian SA, Subex Limited, Huawei Technologies, Tech Mahindra, Samsung Electronics, Alcatel-Lucent Enterprise, Infosys, Ciena Corporation, Juniper Networks, Anritsu Corporation, NETSCOUT, MYCOM OSI, Ascom, Teoco Corporation, Spirent Communications, Radcom, Astellia, Viavi Solutions, Centina Systems, Advantech, Parallel Wireless
The telecom operations management market report table of contents includes:
1. Executive Summary
2. Telecom Operations Management Market Characteristics
3. Telecom Operations Management Market Trends And Strategies
4. Telecom Operations Management Market – Macro Economic Scenario
5. Global Telecom Operations Management Market Size and Growth
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31. Global Telecom Operations Management Market Competitive Benchmarking
32. Global Telecom Operations Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Telecom Operations Management Market
34. Telecom Operations Management Market Future Outlook and Potential Analysis
35. Appendix
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