The global market for telecom order management is expected to thrive on account of the developments in communication networks across the world.
Albany, NY -- (SBWIRE) -- 04/09/2018 -- A report by Market Research Reports (MRR) throws light on multiple factors that are expected to aid the progress of the market. The report is titled 'Telecom Order Management Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025'. Telecom providers have an onus to ensure swift, safe, and unhindered delivery of services, which can only be done if manage their orders. Once the order for a service or solution is received by a telecom provider, the next steps include service design, service activation, and testing. It is important for a telecommunications company to optimize the satisfaction levels of the consumers in order to retain these customers in the long run. Demand for cloud-based services has supplanted the demand for licensed software products in the market, and the former is expected to gain more popularity across the globe. Moreover, outsourcing of telecom order management has also emerged as a key trend amongst telecom providers. This helps businesses in utilizing their in-house resources towards strengthening core business processes rather than focusing on managing orders.
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The propensity of the masses to link their mobile devices with their enterprise network has been a key highlight of the telecom sector. The reliance of huge firms on IT services has also created tremendous demand for the telecom market, which has in turn given rise to the need for telecom order management systems. The telecom infrastructure across several corporate longitudes has undergone commendable developments which has made processes complex and cumbersome. Hence, manual management of telecom orders is no more feasible for telecom providers who are readily resorting to outsourcing. It is anticipated that the global market for telecom order management would reap tremendous revenues from multiple sources over the coming years. Moreover, the telecom service providers need to segregate their orders based on the regions for the sake analytics. This is also an important factor propelling the demand for telecom order management in the contemporary scenario. The report by MRR is a succinct description of several other forces that collectively contribute to the growth of the market.
The report conducts a regional analysis of the market in order to understand the fettle of the global market. Apart from the leading regional segments viz. North America and Europe, the report also elucidates the factors contributing to market growth in South America, the Middle East and Africa (MEA), and Asia Pacific (APAC). The sub-segments within these regional markets have also been included to give a decentralized model of analysis.
Some of the key players identified by MRR's report are Pegasystems Inc, ChikPea Inc., Neustar, Inc., IBM Corporation, Ericsson AB, Cerillion PLC, Comarch SA, Amdocs Corporation, Fujitsu Limited, and Oracle Corporation.