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Fueling the growth of Telecom Operations Management Market

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Sneha
Fueling the growth of Telecom Operations Management Market

The global Telecom Operations Management Market is estimated to be valued at US$ 50.33 Bn in 2023 and is expected to exhibit a CAGR of 9.0% over the forecast period from 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Telecom operations management includes products and services that enable telecom operators to effectively manage core network, infrastructure, and legacy systems. It helps in reducing the complexity, risk, and cost involved in management of telecom operations. The growing complexity and scale of telecom infrastructure requires efficient operations management systems.

Market key trends:

One of the key trends in the telecom operations management market is the rise in adoption of cloud-based operations solutions. Legacy systems have limited scalability and flexibility while cloud-based solutions offer on-demand access to a shared pool of computing resources that can be rapidly provisioned and released with minimal management effort. Cloud-based solutions also help in reducing information technology (IT) costs and optimizing IT resources. The other key trend is the increasing integration of AI and automation in telecom operations management. AI-enabled solutions are being used for predictive analytics, fraud detection, outage management, and cognitive automation of telecom operations tasks. This improves operational efficiency of telecom operators by reducing human errors and delivering superior customer experience.

Segment Analysis:

The global telecom operations management market is segmented by components, solution type, deployment type, organization size, and region. By component, the market is divided into solution and services. The solution segment dominates the market as telecom operators extensively deploy operations management solutions for managing the entire network infrastructure.

By solution type, the market is bifurcated into revenue management, network management, customer experience management, and others. The network management segment accounts for the largest share as telecom operators rely on network management solutions for monitoring and managing complex network infrastructures.

Key Takeaways:

The Global Telecom Operations Management Market Size is expected to witness high growth, exhibiting CAGR of 9.0% over the forecast period, due to increasing need for agility and automation in telecom operations across the globe.

Regional analysis:

North America dominates the market currently due to large-scale telecom infrastructure and established telecom players in the region. Asia Pacific is expected to grow at the highest CAGR during the forecast period owing to rising telecom subscriptions and rapid expansion of telecom networks in developing countries such as China and India.

Key players:

Key players operating in the telecom operations management market are IBM Corporation, Hewlett Packard Enterprise Development LP, Telefonaktiebolaget LM Ericsson, Netcracker Technology Corp, Accenture PLC, Oracle Corporation., TATA Consultancy Services Limited, Amdocs Inc., NEC Corporation, ZTE Corporation, Nokia Corporation, Comarch SA, SAP SE, ServiceNow Inc. and Cisco Systems Inc. Operators rely on these solution providers for upgrading legacy telecom systems and deploying advanced automation and analytics capabilities.


Read More - ​https://www.insightprobing.com/telecom-operations-management-market-demand-and-share-analysis/ 

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