Telecom System Integration Market Insights
The demand for telecom system integration is projected to grow at a high CAGR over the forecast period. The requirements of multisystem, complete, integrated, and secure solutions for telecom market are expected to foster the demand for system integration solutions in the telecom industry.
Some of the services offered in this market include conceptualization, Front End Engineering Design (FEED), project management, engineering & designing, product procurement, and assembly. Large investments made in IT infrastructure development are projected to boost the demand for system integration solutions across the world. This process helps integrate business & operational support system applications to develop efficient technological solutions.
Requirement of technologically savvy and trained professionals to develop integrated solutions is expected to restrain market growth to a certain extent. Also resistance to change of systems and procedures in an organisation is expected to lower demand for such solutions.
Telecom System Integration Market: Solution Insights
The Operational Support Systems (OSS) segment is projected to grow at the highest CAGR over the coming years. Telecom companies have an exceptionally large customer base and faces extensive competition in the market. In order to sustain in this highly competitive market it is essential to engage in service differentiation. This forces telecom companies to revamp their traditional systems into integrated platforms. Integrated platform enables companies to provide customized solutions to clients on the basis of their purchasing patterns.
The introduction of LTE, 3G, and 4G networks has increased the need for integrated solutions in order to reduce deliver time to customers while ensuring compatibility with these advanced networks.
Telecom System Integration Market: Regional Insights
The demand for telecom system integrations in the North American and Asia Pacific market is projected to grow at a high CAGR over the forecast period. Presence of a large number of companies operating in the telecom industry is expected to boost demand for integration systems.
Globalization and digitalization in countries such as India, Malaysia, Indonesia, Japan, and China is projected to increase investments for technological developments in the telecom sector. Large number of entrants is expected in the Myanmar, Singapore, and Philippines market. Growing demand for advanced telecom services is projected to increase demand for system integrated solutions among telecom operators.
The European and Middle Eastern market is also projected to witness significant demand over the coming years. The increasing adoption of technologically advanced solutions to sustain in the competitive market is projected to boost demand for such solutions.
Telecom System Integration Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase telecom system integration solutions over the coming years. Some leading consumers of cloud system integration solutions are China Mobile Ltd., Verizon Communications Inc., AT&T Inc., and Vodafone Group Plc.
Telecom System Integration Market: Competitive Landscape
Some of the key companies operating in this market are Tata Consultancy Services Limited, Accenture PLC, Computer Sciences Corporation, Ericsson, Cognizant Technology Solutions Corporation, CGI Group, Inc., IBM Corporation, Wipro Limited, Informatica, and Mulesoft, Inc. In July 2017, Accenture was named a leader by IDC MarketScape in Worldwide Digital Transformation Consulting and Systems Integration Services 2017 Vendor Assessment. Companies catering to the telecom industry engage in new solution developments, mergers, acquisitions and expansion strategies to gain a competitive edge in the market.
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