The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The growing popularity of smartphone devices is likely to promote innovation in telecom IT services production, propelling the market during the forecast period.

The global telecom IT services market 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 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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Global Telecom IT Services Market Segments Include:

• By Solution: CRM, Mobile Commerce, Enterprise Mobility, Network Management, Supply chain Management, OSS BSS, Other Solutions
• By Deployment Type: Cloud-Based, On-Premise, Hybrid
• By Organization Size: Small And Medium-Sized Businesses (SMBs), Large Enterprises
• By Application: Commercial, Residential
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global telecom IT services market in 2021.

Major Market Players in the telecom IT services market include Accenture plc, Amdocs, ALE International SAS, Capgemini SE, Cognizant, Ericsson, HP Inc, Huawei Technologies Co, The International Business Machines Corporation, Oracle Corporation.

Technological developments are important trends that are gaining traction in the telecom IT services market. To maintain their market position, major telecom IT services businesses are using new technology. For example, HCL Technologies Limited, an India-based information technology services and consulting firm, launched CloudSMART Modernization Experience and Site Reliability Engineering (SRE) in February 2023, two new technology suites to help accelerate telecom network modernization using Cloud Native platforms. The adoption of open-source and off-the-shelf IT vendor solutions is enabled by HCLTech’s cutting-edge CloudSMART Modernization Experience for telecom. This enables telecom service providers to create customised solutions by combining best-of-breed platforms from different network solution vendors. HCLTech’s Cloud Native SRE enablement enables a comprehensive set of practises required to properly run large-scale telecom operations on existing Cloud Native platforms. By adopting contemporary SRE practises into their operations, it helps telecom service providers to improve and maintain industry-leading dependability levels. This increases efficiencies while minimising reliance on traditional telecom network providers.

The Telecom IT Services Global Market Report 2023  provides a telecom IT services market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The telecom IT services market forecast analyzes telecom IT services market size, telecom IT services market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Telecom IT services are those that help telecom companies build a strong, high-performance communication network and execute innovative business models. It is used to improve productivity and customer service in corporate core connection tasks.

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