The telecom order management is witnessing massive growth in the North America region on account of the wide-scale expansion of the LTE network. Increasing inclination towards cloud-based services owing to faster deployment and agility benefits is the ongoing trend among organizations. Cost-effective business processes would further create a favorable market landscape during the forecast period.
Telecom Order Management automates and streamlines the order processing for telecom service providers and involves negotiations, change management, installation, and inventory control. Telecom order management offers numerous benefits like a centralized platform, enhancing the uptime of different services, and providing support for both cloud and on-premise deployment. This has increased the pace of adoption of telecom order management solutions in the telecom industry. Moreover, increasing adoption of cloud-based services due to the rapid deployment and flexible services is the key market trend driving the growth of the market. Increasing internet and smart devices’ penetration, rising demand for seamless network connectivity in rural areas, and cost-effective business processes are anticipated to augment the growth of the telecom order management market over the forecast timeline.
MARKET DYNAMICS
The telecom order management market is anticipated to grow in the forecast period owing to driving factors such as rapid growth in the number of connected device as well as subscribers. Also, consolidation of services by network operators and telecom service providers are further likely to augment the market growth. However, reluctance to adopt structural changes in systems and technologies may hamper the growth of telecom order management market during the forecast period. On the other hand, innovations by key market players in next-gen tools would offer lucrative opportunities for the telecom order management market.
The leading players of the market profiled in the report are IBM Corporation, Cognizant, Oracle Corporation, Fujitsu Limited, Infosys, Ltd., Wipro, Ltd., Ericsson, Pegasystems, Inc., Comarch S.A., Chickpea, Cerillion, Intellibuzz, Mphasis, and Neustar, among others. These companies are actively engaged in developing advanced technologies and innovative services and forming strategic alliances such as mergers and acquisitions, collaborations, joint ventures, partnerships, and others to gain a robust footing in the market.
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