The demand for system integration in telecommunication across APAC countries is projected to witness revenue growth at 7.1% CAGR.
New York, NY -- (SBWIRE) -- 03/22/2017 -- On an average, 40% of revenues procured in Latin America's system integration in telecommunication market will be emanating from Brazil. The demand for integrating OSS and BSS will also gain traction in Mexico and Argentina. Although, the overall system integration in telecom market in Latin America is being projected to expand at a moderate CAGR of 4.4%. High implementation costs of system integration solutions are imposing a relatively less adoption in Latin America, as opposed to the APAC region, Europe or Middle East & Africa. Leading IT service providers mapping Latin America's telecom industry are identified as Telefonica Brasil, TIM Brasil, Telecom Argentina SA, Nextel, Telcel, Claro Brasil, and Telefonica SA.
A majority of system integration solutions adopted across APAC telecommunications industry will be directed towards OSS, revenues from which will reach US$ 10.6 Bn by the end of 2024. China will contribute with more than one-third of overall revenues, while India, New Zealand, Australia, Japan and ASEAN countries will showcase rampant revenue growth. Vodafone Hutchinson Telecommunications, Telstra Corporation Ltd., SingTel Optus Pty Limited, NTT-Docomo Corporation, Ideal Cellular Ltd., Reliance Communications, and Softbank Corporation are some of the prominent IT service provider in the APAC telecommunications industry.
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Persistence Market Research projects –
- The future of global telecommunication industry will witness higher adoption of complex information systems which will facilitate speedy data convergence
- System integrators will play a key role in compiling information emanating from multiple and advanced telecommunication network standards
- Integration of business support systems (BSS) and operation support systems (OSS) will boost the support for end-to-end telecommunication services and bring forth some improved customer management solutions
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Owing to rising urban population, growing strength of telecom networks, brimming data transference, and deployment of advanced technologies, the demand for system integration in telecommunication continues to surge in regions namely, Asia-Pacific, Latin America, Europe, Middle East and Africa. A latest study published by Persistence Market Research has estimated that the market for system integration in telecommunications across these regions is presently valued at US$ 22.5 Bn. By the end of 2024, these regions will collectively showcase revenue growth at an impressive 6.3% CAGR and witness the market for system integration in telecommunication reach US$ 36.9 Bn in value.
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