Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Introduction to Telecom Order Management
The telecom order management is used by many industries in order to enhance the business operations. The telecom order management includes complex operation which includes various systems, departments and organizations. It also used for marketing and helps to provide product to the customer. The telecom order management increases the effectiveness related to order management process.The telecom order management also enhances the management of the inventory. It standardize the process of the enterprise and helps to retain the resources of the organization.
Market Size and Forecast
The global telecom order management market is observing vibrant growth on account of increasing trend of digitization across the globe coupled with the rising number of the complexities in the management. This is expected to boost the growth of the overall telecom order management market during the forecast period.
Telecom order management market is anticipated to record a CAGR of 11% over the forecast period. The telecom order management market is expected to showcase a vibrant growth by the end of the forecast period. The market is expected to attain a total market value of USD 6 billion by 2027. The market can be segmented on the basis of deployment and application. On the basis of deployment, it is sub-segmented into cloud and on-premise. Cloud based service is anticipated to register highest CAGR during the forecast period. The increasing application of the cloud based services by various application is expected to be major reason for the growth of the overall market during the forecast period. On the basis of application, it is sub-segmented into revenue management, account management and customer management.CLICK TO DOWNLOAD SAMPLE
Growth Driver
Increasing number of connected devices
The increasing number of connected devices is expected to drive the overall telecom order management market during the forecast period. The rising number of network operators and telecom service providers is also driving the growth of the market. Additionally, the effective management of large telecom service providers in order to enhance the business operations is expected to fuel the overall telecom order management market during the forecast period.
Restraints
Complex operation
The complex operation involved with telecom order management is expected to inhibit the overall market. It involves various processes which includes various departments and systems. Additionally, highly customized orders are also expected to hinder the market growth.
Market Segmentation
Our-in depth analysis of the global telecom order management market includes the following segments:
By Deployment:
By Application:
By Region
On the basis of regional analysis, global telecom order management market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America is expected to be the leading region for the overall market during the forecast period. The growth in the region can be attributed to the highly developed telecommunication sector in the region. North America is expected to generate the highest revenue during the forecast period. According to International Telecommunication Union, the total number of fixed broadband subscriptions in developed countries is 397 million in 2017 and it increased to 413 million subscriptions in 2018. The growing number of broadband subscriptions is expected to boost the telecom industry which in turn is expected to boost the growth of overall market in region. Asia-pacific is expected to be the fastest developing region for the overall market during the forecast period. The high penetration of digitization in the region is expected to major reason for the growth of the overall market during the forecast period.
Global telecom order management market is further classified on the basis of region as follows:
Key Players
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