Telecom Operations Management Market
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What Is the Expected CAGR for the Telecom Operations Management Market Through 2025?
In recent times, the telecom operations management market has seen a robust expansion in its size. The market is projected to surge from $72.59 billion in 2024 to $77.65 billion in 2025, recording a compound annual growth rate (CAGR) of 7.0%. The historical period witnessed this growth due to factors such as the development of OSS/BSS solutions, a shift towards digital transformation, enhancements in service quality, the adoption of cloud-based solutions, and an emphasis on cost optimization.
What’s the Projected Size of the Global Telecom Operations Management Market by 2029?
The market size of telecom operations management is predicted to experience a swift expansion in the upcoming years, reaching “$116.19 billion by 2029 with a compound annual growth rate (CAGR) of 10.6%. The projected growth during this period can be attributed to the fast-paced enlargement of sdn and nfv, concentration on energy efficiency, the embracement of zero-touch automation, the inclusion of AI-driven analytics, and an intensified emphasis on network virtualization. Key trends during the forecast period incorporate the incorporation of automation and AI, transition towards cloud-based solutions, attention to network security, the introduction of 5g networks, and efforts to enhance customer experiences.
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Top Growth Drivers in the Telecom Operations Management Industry: What’s Accelerating the Market?
The surge in mobile internet users is anticipated to propel the telecom operations management market in the future. Mobile internet signifies the capacity to surf the internet on a portable device, like a smartphone or tablet, using wireless communication means. The growth of internet users imposes an intense load on telecom firms. This operational strain is counterbalanced through telecom operations management solutions as they assist in managing monotonous tasks and intricate procedures. For instance, in 2022, as per the International Telecommunication Union, a Switzerland-based specialized division of the United Nations, the global internet usage was at 5.3 billion people, accounting for about 66% of the total human population. There was a growth rate of 6.1% in 2021-2022, a rise from 5.1% in 2020-2021. Consequently, the surge in mobile internet users is stimulating the telecom operations management market.
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What Trends Will Shape the Telecom Operations Management Market Through 2029 and Beyond?
Emerging as a vital trend in the telecom operations management market is the introduction of product innovations. Major competitors in this market are launching creative solutions to maintain their stronghold. An example of this is GoZone Wi-FI, a Wi-Fi network solution provider in the US, which in November 2022, debuted the first-ever enterprise-level application suite for Telecom Infra Project (TIP) Open WIFI. This new solution aids network providers and telecom organizations in handling customer Wi-Fi issues more efficiently and spurring innovation in Wi-Fi infrastructure.
What Are the Main Segments in the Telecom Operations Management Market?
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
Subsegments:
1) By Planning And Consulting: Network Design And Optimization, Technology Assessment, Regulatory Compliance Consulting
2) By Operations And Maintenance: Network Monitoring And Management, Fault Management, Preventive Maintenance
3) By System Integration: Application Integration, Network Integration, Data Integration
4) By Managed Services: Outsourced Network Management, IT Infrastructure Management, Cloud Services Management
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Which Top Companies are Driving Growth in the Telecom Operations Management Market?
Major companies operating in the telecom operations management market include 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, 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, Parallel Wireless
Which Regions Will Dominate the Telecom Operations Management Market Through 2029?
North America was the largest region in the telecom operations management market in 2024. 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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