According to research report "Telecom Order Management Market by Solution (Customer Order Management, Service Order Management, and Service Inventory Management), Service, Network Type (Wireline and Wireless), Deployment Type, and Region - Global Forecast to 2022", The telecom order management market size is expected to grow from USD 1.96 Billion in 2017 to USD 3.22 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period. The growing adoption of telecom order management is the result of the high demand for automated handling of the ordering process and for features of tracking the entire order life cycle.
Browse 66 Market Data Tables and 41 Figures spread through 111 Pages and in-depth TOC on "Telecom Order Management Market - Global Forecast to 2022"
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Wireline network type is expected to have the larger market size during the forecast period.
The wireline network type is expected to have the larger market size as compared to the wireless network type during the forecast period. Wired networks comprise copper cables, coaxial cables, and sometimes fiber optics to set up the connections. Wireline network is also known as the Ethernet network. These wired network connections are not prone to single point of failure, thus, they offer a much faster speed than dial-up connections.
Consulting services segment is expected to be the fastest growing segment during the forecast period.
Under services, the consulting services segment is expected to have the highest CAGR during the forecast period. Consulting services prominently help companies identify strategies that analyze, protect, and manage their crucial master content. These services also help organizations seamlessly align their telecom order management solutions that primarily suit their business requirements. Therefore, consulting services offer various advantages, such as assistance in decision-making, improved business processes, simplified management, cost-effective operations, and increased productivity.
North America is expected to have the largest market size in the telecom order management market during the forecast period.
North America, owing to the presence of a large number of telecom order management vendors, is expected to have the largest market size in the telecom order management market during the forecast period. Asia Pacific (APAC) is expected to be the fastest growing region. With the evolution of digital transformation in APAC, the need for managed IT services has experienced an increasing demand. Furthermore, the rapid economic growth in the developing APAC countries, along with improving regulatory reforms and economic stability, is driving the growth of the telecom order management market in this region. The market in developing regions, such as the Middle East and Africa (MEA) and Latin America, is expected to grow, owing to the growth in demography and data connectivity, increase in mobile penetration, and growth in infrastructure and coverage of the telecommunication industry.
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Key players in the telecom order management market include Cerillion (US), Cognizant (US), Ericsson (Sweden), IBM (US), Oracle (UK), ChikPea (US), Comarch (Poland), Fujitsu (Japan), Intellibuzz (India), Mphasis (India), Neustar (US), and Pegasystems (US).
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Global Telecom Order Management Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market.
These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability.
In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.
However, lack of standardization in telecom order management, lack of highly proficient specialists to manage the telecom order and compatibility issues with the existing systems are the major factors that are limiting the market.
Current Scenario Analysis for Decision Framework Key Strategic Developments in Telecom Order Management Market: The research includes the key strategic activities such as Research & Development (R) initiatives, Merger & Acquisition (M) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.
Key Market Features in Global Telecom Order Management Market The report highlights Telecom Order Management market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Telecom Order Management, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.
According to research report "Telecom Order Management Market by Solution (Customer Order Management, Service Order Management, and Service Inventory Management), Service, Network Type (Wireline and Wireless), Deployment Type, and Region - Global Forecast to 2022", The telecom order management market size is expected to grow from USD 1.96 Billion in 2017 to USD 3.22 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 10.4% during the forecast period.
The growing adoption of telecom order management is the result of the high demand for automated handling of the ordering process and for features of tracking the entire order life cycle.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=240314507Browse 66 Market Data Tables and 41 Figures spread through 111 Pages and in-depth TOC on "Telecom Order Management Market - Global Forecast to 2022"Wireline network type is expected to have the larger market size during the forecast period.The wireline network type is expected to have the larger market size as compared to the wireless network type during the forecast period.
Wireline network is also known as the Ethernet network.
Consulting services prominently help companies identify strategies that analyze, protect, and manage their crucial master content.
Therefore, consulting services offer various advantages, such as assistance in decision-making, improved business processes, simplified management, cost-effective operations, and increased productivity.North America is expected to have the largest market size in the telecom order management market during the forecast period.North America, owing to the presence of a large number of telecom order management vendors, is expected to have the largest market size in the telecom order management market during the forecast period.
With the evolution of digital transformation in APAC, the need for managed IT services has experienced an increasing demand.
Telecom Order Management is a solution that automates and streamlines order processing for telecom service providers.
The major advantages provided by the telecom order management is that it help in cutting down the cost associated with the operations for companies, as order management processes account for a sizeable proportion of operating costs of companies.
Hence, effective order management help in reducing the customer attrition.
Increasing demand for streamlining business process for managing the stiff competition is one of major factor driving growth of the market
The telecom sector is highly competitive.
Order management helps in streamlining the business process of telecom sector by reducing the IT cost, enhancing the security, and eliminating the human error.
