Global Telecom Software Professional Services Market 2017-2021

Overview of the global telecom software professional services market

Research analysis on the global telecom software professional services market identifies the growing demand for cloud based BSS as one of the primary factors fueling market growth. The use of cloud-based solutions will help organizations overcome challenges including complexities of hardware and license management. Additionally, the increasing adoption of M2M solutions among enterprises is also compelling operators to deliver a real-time experience to customers. One of the major vendors, Amdocs already delivers cloud-based BSS to mobile network operators (MNOs) and mobile virtual network operators/enablers (MVNOs/Es) based on a pay-as-you-grow (PAYG) model. Technavio's market research analysts predict that this market will grow at a CAGR of more than 8% by 2021.

The growing demand from the end users for customized telecom software is one the latest trends that will gain traction in this marketspace. The adoption of customized telecom software will provide telecom service providers to deliver multiple services to the user. Personalized OSS BSS software have the capability and flexibility to accommodate changes. This will in turn, significantly increase their adoption among telecom operators.

Competitive landscape and key vendors

Owing to the presence of many vendors, the telecom software professional services market appears to be fragmented. To cater to the increasing complex set of services, the vendors in the market are making huge investments towards telecom software solutions. Easy integration, multiple vendor concepts, the interoperability of convergent charging software with the existing telecom network, and the scalability of the product are some the key factors distinguishing the service providers in this market.

The leading vendors in the market are -

• Amdocs
• Ericsson
• HPE
• Huawei

The other prominent vendors in the market are Affirmed Networks, Allot Communications, Aria Systems, Cerillion, Cisco Systems, Comarch, Comptel, CSG International, Elitecore Technologies, Global Convergence Solutions, Hitachi Data Systems, Nokia, Oracle, Redknee, SAP, Subex, Wipro, and ZTE

Segmentation by service and analysis of the telecom software professional services market

• Hosted and product related services
• Systems integrated
• Outsourced services

The hosted and product related services segment will account for the major shares of this market throughout the next four years. These services are managed and provided by the suppliers. The preference of communication service providers towards adopting new business models for new services and their acceptance for cloud-based and SaaS models, will be the major factors fueling market growth.

Geographical segmentation and analysis of the telecom software professional services market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market till 2021. This attributes to the increasing adoption of OSS-BSS, NFV, and SDN. The US is the major contributor in this region where the focus of organizations towards using OSS BSS to increase their focus on core business areas and enhance performance drives the market's growth prospects.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global telecom software professional services market?
• What are the key market trends impacting the growth of the global telecom software professional services market?
• What are the challenges to market growth?
• Who are the key vendors in the global telecom software professional services market?
• What are the market opportunities and threats faced by the vendors in the global telecom software professional services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global telecom software professional services market?

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the global telecom software professional services market offers insights into the key market trends and developing drivers persuading the growth of the ICT industry. Our market research reports for the ICT industry offer an analysis of fast growing market segments like IT professional services and follow a detailed data collection methodology.

By pursuing an extensive research approach of primary and secondary data collection methods and assessing the changing demand-supply landscape of the IT professional services sector, the upcoming market research report on the global telecom software professional services market offers insights into the key market drivers, size, and important challenges that will influence the growth of the key suppliers in this market space. This market study also offers a comprehensive analysis of various IT professional services based on the comprehension of the information collected from reliable resources such as channel partners and market stakeholders. This upcoming market research report on the global telecom software professional services market also covers vendors like Ericsson, Huawei technologies, Alcatel-lucent, Amdocs, IBM, Nokia, HP, Accenture, Cisco, and ZTE.

This upcoming industry report on the global telecom software professional services market also considers the growth of related IT professional services markets such as the payroll outsourcing services and recruitment process outsourcing, which are expected to grow at a CAGR of almost 6% and about 18%, respectively by 2021. Moreover, to offer clients the chance to identify potential market prospects and expand in niche markets, this industry report on the global telecom software professional services market also covers geographies like the Americas, EMEA, and APAC.

The upcoming industry research report for the global telecom software professional services market also categorizes the market forecast, major segments, as well as the constraints that the IT professional services sector currently experiences. It also presents visions into the rapidly changing competitive scenario to give clients a correct picture of the key events within the ICT industry. Technavio also provides deep-dive market assessments into the industries such as IT security and automatic identification system.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.