The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Market Growth Overview

• 2023 Market Size: $68.62 billion
• 2024 Market Size: $74.28 billion
• CAGR: 8.2%
• Growth Drivers:
  • Evolution of OSS/BSS solutions
  • Shift towards digital transformation
  • Improvements in service quality
  • Adoption of cloud-based solutions
  • Focus on cost optimization

Future Market Projections

• 2028 Market Size: $103.49 billion
• CAGR: 8.6%
• Growth Drivers:
  • 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:
  • Automation and AI integration
  • Shift to cloud-based solutions
  • Focus on network security
  • Implementation of 5G networks
  • Customer experience enhancement

Read The Full Telecom Operations Management Market Report Here:
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Surge in Mobile Internet Users Drives Momentum

• Mobile Internet Growth:
  • Increasing number of mobile internet users significantly drives the telecom operations management market.
  • Mobile Internet: Accessing the internet on mobile devices using wireless communication technology.
  • 2022 Statistics:
    • 5.3 billion internet users globally (66% of the world’s population).
    • Growth rate of 6.1% (2021-2022), up from 5.1% (2020-2021).
• Impact:
  • Increased internet usage puts a strain on telecom companies.
  • Telecom operations management solutions help manage repetitive tasks and complex procedures.

Key Companies in the Market

• Major Players:
  • 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
  • Viavi Solutions
  • Advantech
  • Parallel Wireless

Product Innovations Transforming the Market

• GoZone Wi-Fi:
  • November 2022: Launched an enterprise-grade application suite for Telecom Infra Project (TIP) Open Wi-Fi.
  • Benefits: Helps network providers address customer Wi-Fi issues and accelerates innovation in Wi-Fi infrastructure.
• Skyvera’s Acquisition:
  • January 2023: Acquired Sterlite Technologies Limited’s telecom products software business.
  • Impact: Expands Skyvera’s consumer base and market reach in new geographies.

Market Segmentation

• By Service:
  • Planning and Consulting
  • Operations and Maintenance
  • System Integration
  • Managed Services
• By Software Type:
  • Billing and Revenue Management
  • Customer and Product Management
  • Service Fulfillment and Assurance
  • Resource Inventory Management
  • Network Management
  • Service Delivery Platform
• By Deployment:
  • On-premise
  • Cloud

Regional Insights

• Largest Market: North America (2023)
• Fastest-Growing Region: Europe (forecast period)

The telecom operations management market is experiencing robust growth, driven by the rapid adoption of digital transformation, cloud-based solutions, and advancements in network technologies. With an increasing number of mobile internet users and ongoing innovations, the market is poised for continued expansion and development.

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The Telecom Operations Management Global Market Report 2024  provides an overview of the telecom operations management market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The telecom operations management market forecast analyzes telecom operations management market size, telecom operations management market share, leading competitor and their market positions.

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