Latest News- Telecom Operations Management Market: Cloud-based is expected to lead the Deployment segment during 2024-2028

The Telecom Operations Management Market is being driven by Rapid advances in technologies driving demand for scalable telecom management solutions

The Telecom Operations Management Market is expected to grow at a CAGR of 5.53% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 19.3 billion. In today's business landscape, enterprise mobile applications have become indispensable tools for organizations to enhance productivity and streamline operations. With the widespread adoption of bring-your-own-device (BYOD) policies, the use of personal mobile devices for accessing corporate data is on the rise. This trend is expected to fuel the demand for enterprise mobile applications, leading to increased efficiency in the workplace and cost savings on company devices. Consequently, the requirement for robust telecom expense management solutions will grow significantly during the forecast period, as organizations grapple with managing the escalating costs associated with mobile device usage and enterprise mobile application access. 

Get more information on Telecom Operations Management Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Deployment
  • Cloud-based
  • On-premises
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rapid advances in technologies driving demand for scalable telecom management solutions
• High internet penetration with increasing online content
• Growing demand for telecom operations from SMEs

However, the market also witnesses some limitations, which are as follows:

• Increasing data security issues
• Lack of interoperability
• Increasing tendency of switching by vendors

Benefits of Buying Global Telecom Operations Management Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Telecom Operations Management Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Telecom Operations Management Market encompasses software solutions for Network Management, Revenue Management, and Inventory Management in both on-premise and cloud deployments. MNOs and CSPs utilize these tools for managing 5G networks, telecom services, and customer requirements. Features include request fulfilment, event management, incident management, problem management, access management, network inventory, provisioning issues resolution, network availability monitoring, fault management, and department budgetary codes for telecom companies.

Market Research Overview

The Telecom Operations Management Market encompasses businesses specializing in the development and implementation of software solutions for network and revenue management in telecommunications. This market segment is a subset of the broader IT software industry, which comprises companies producing application, system, and database management software. Our analysis at Technavio focuses on the application software sector, specifically those firms offering enterprise and technical software for telecom operations, including on-premise and cloud-based solutions for inventory management. We calculate the market size based on the combined revenue generated by these entities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/