Zion Market Research, the market research group announced the analysis report titled "Telecom IT Services Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 10/03/2017 -- Global Telecom IT Services Market: Overview
Telecom IT services are one of the biggest communication networks in the world. It is the fastest growing network in the global market. Telecom IT services are provided by the telecommunications service providers in order to manage vast communication data. These data may be in the form of text, video, audio or audio-visual format. Telecom IT services include fax, phone, email, television, internet access text, and radio.
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Telecom IT services are very essential for effective business operations. It facilitates improved communication with customers and helps to establish the healthy relationship among them. Telecom IT services are beneficial for employees as they provide easy access to large data.
Global Telecom IT Services Market: Growth Factors
Telecom IT services are anticipated show rapid growth in next few years owing to swift growth in the telecom operators. With the advent of smartphones, telecom IT services contributed for the largest market chunk. It offers the extensive range of functions and applications. Cutthroat competition in the telecom operators affecting the profitability and growth of the companies may positively impact the global telecom IT services market growth. Conversely, telecom operators face immense pressure to manage their capital expenditures and lower operating costs are restraint the global market growth in future.
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Global Telecom IT Services Market: Segmentation
The global telecom IT services market is segmented on the basis of users as enterprises and small and medium businesses (SMBs). Based on deployment type, the global market is bifurcated as on-premise and cloud. Furthermore, the telecom IT services market is categorized on the basis of solution types as network management, CRM, OSS BSS solutions, enterprise mobility, supply chain planning, mobile commerce, and others solutions.
Global Telecom IT Services Market: Regional Analysis
Geographical segments include North America, Europe, Asia-Pacific, Latin America and the Middle East. Europe is anticipated to witness growth in the telecom IT services market in the near future owing to increasing adoption of the mobile services. North America is growing at a faster rate due to rapid growth in the telecom and IT industries, which is expected to boost the global telecom IT services market growth. Asia Pacific region contributed to witness growth in the coming years. Adoption of innovative technologies in Latin America positively influences the global telecom IT services market to some extent.
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Global Telecom IT Services Market: Competitive Players
Some of the key players in the global telecom IT services market are Telefonaktiebolaget L. M. Ericsson, Alcatel-Lucent S.A., Accenture Plc., Cognizant Technology Solutions, Amdocs Limited, and Capgemini S.A. Other major players dominating the global market are IBM Corporation, Hewlett-Packard Company, Oracle Corporation, and Huawei Technologies Co. Ltd.
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