Global Partner And Interconnect Management Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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The partner and interconnect management market has seen rapid growth, jumping from $1.26 billion in 2023 to $1.44 billion in 2024, boasting a compound annual growth rate (CAGR) of 14.6%. This surge is credited to increased global connectivity demand and strategic initiatives by market players. Looking ahead, the market is forecasted to experience swift expansion, hitting $2.47 billion by 2028, with a CAGR of 14.3%. This anticipated growth is propelled by the escalating need for efficient roaming services, the uptick in cloud-based services adoption, and the proliferation of mobile devices and data traffic. Additionally, major trends on the horizon include technological advancements, heightened research and development activities, increased cloud-based services adoption, product innovations, and partnerships.
The soaring adoption of cloud-based services is expected to be a significant driver for the partner and interconnect management market’s growth. These services, ranging from storage to applications and processing capabilities, are provided over the internet by third-party servers, necessitating efficient partner and interconnect management solutions. These solutions aid in cost optimization by facilitating negotiations, reducing redundancy, and enhancing resource utilization across multiple providers. For instance, the European Commission’s December 2023 report indicated a 4.2% increase in EU enterprises procuring cloud computing services compared to 2021, reaching approximately 42.5%. Consequently, the burgeoning adoption of cloud-based services acts as a catalyst for the expansion of the partner and interconnect management market.
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What Are The Key Trends That Influence Partner And Interconnect Management Market Share Analysis?
Companies in the partner and interconnect management market are developing advanced technologies such as partner management platforms to better serve customers. These platforms streamline relationships with distributors, resellers, suppliers, and other business collaborators. ZINFI Technologies Inc., a US-based provider of partner relationship management SaaS applications, launched a hyper-personalized partner journey platform in November 202 This platform revolutionizes partner interactions from onboarding to collaborative marketing and sales, integrating diverse workflows to ensure a customized experience for each partner.
Which Market Players Are Driving Growth In The Partner And Interconnect Management Market?
Major companies operating in the partner and interconnect management market report are Huawei Technologies, Cisco Systems, Oracle Corporation, SAP SE, Ericsson Corporation, Nokia Corporation, Juniper Networks, Amdocs, Ciena Corporation, CSG Systems International Inc., Ribbon Communications Inc., Sterlite Technologies Limited, Syniverse Technologies LLC , Enghouse Networks Ltd., TEOCO Corporation, Comviva Technologies Ltd., Matrixx Software Inc., Nexign, Panamax Inc., Optiva Inc., Redknee Solutions, Aria Systems, Cerillion Technologies Limited, TOMIA, Anam Technologies Ltd
How Is The Global Partner And Interconnect Management Market Segmented?
The partner and interconnect management market covered in this report is segmented –
1) By Offering: Solution, Services
2) By Operating System: Windows, Linux
3) By Agreement: BI-Lateral Agreement, UNI-Lateral Agreement
4) By Deployment: Cloud, On-Premises
5) By Application: Partner Management, Revenue Assurance, Traffic Monitoring And Reporting, Least Cost Routing, Prepayment And Credit Control, Dispute Management And Settlement, Other Applications
Read The Full Partner And Interconnect Management Market Report Here
The Partner And Interconnect Management Global Market Report 2024 provides an overview of the partner and interconnect managementmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The partner and interconnect management market forecast analyzes partner and interconnect management market size, partner and interconnect management market share, leading competitor and their market positions.
The Table Of Content For The Partner And Interconnect Management Market Include
1. Partner And Interconnect Management Market Executive Summary
2. Partner And Interconnect Management Market Segments
3. Partner And Interconnect Management Market Size And Template Market Growth Rate
4. Key Partner And Interconnect Management Market Trends
5. Major Partner And Interconnect Management Market Drivers
……
25. Key Mergers And Acquisitions In The Partner And Interconnect Management Market
26. Top Partner And Interconnect Management Companies
27. Partner And Interconnect Management Market Opportunities And Strategies
28. Partner And Interconnect Management Market, Conclusions And Recommendations
29. Appendix
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