Global Telecom Order Management Market Size, Share, Growth Analysis, By Deployment Type(On-Premise, and Cloud based), By Component(Software, and Service) - Industry Forecast 2024-2031

Report ID: SQMIG45C2062 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 61 | Figures: 67

Global Telecom Order Management Market News

In January 2021, Amdocs Limited introduced a novel AI-powered digital assistant solution called Amdocs Smartbot. The primary objective of this solution is to enhance the customer experience by delivering personalized and efficient customer support.

In May 2022, TPG Telecommunication became the first carrier in Australia to implement G.Fast technologies, a cutting-edge approach that utilizes pair-bonding, vectoring, and phantom mode to improve internet speeds.

In November 2021, Nokia unveiled a range of Software-as-a-Service offerings tailored for communication service providers. This launch represents a significant milestone in providing operators with cost-effective and flexible solutions, emphasizing customer satisfaction while optimizing network performance and delivering innovative services.

Global Telecom Order Management Market Report Snapshots

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Telecom Order Management Market size was valued at USD 3.15 billion in 2021 and is poised to grow from USD 3.50 billion in 2022 to USD 8.18 billion by 2030, growing at a CAGR of 11.2% in the forecast period (2023-2030).

The global Telecom Order Management market is highly competitive, with numerous training providers vying for market share. Major industry participants, including telecom service providers and technology companies, vie for market share by offering advanced and efficient order management solutions. They focus on innovation, scalability, and customer-centric approaches to gain a competitive edge. Mergers and acquisitions are common strategies to expand their product portfolios and global presence. Additionally, emerging players often target niche segments with specialized solutions. The competitive landscape is driven by the constant demand for streamlined order processing, rapid technological advancements, and the increasing adoption of cloud-based services in the telecom sector. 'Cerillion (US)', 'Cognizant (US)', 'Ericsson (Sweden', 'IBM (US)', 'Oracle (UK)', 'ChikPea (US)', 'Comarch (Poland)', 'Fujitsu (Japan)', 'Intellibuzz (India)', 'Mphasis (India)', 'Neustar (US)', 'Pegasystems (US)'

The increasing number of connected devices and subscribers, such as smartphones, IoT devices, and other smart gadgets, is driving the demand for efficient telecom order management solutions. As the telecom industry continues to grow, the need for streamlined order processing and inventory control becomes more critical.

Adoption of AI and Automation

The global telecom order management market is analyzed based on its regional presence, which includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Among these regions, “North America” emerged as the leader, holding the largest market share, and it is expected to witness substantial growth at a significant Compound Annual Growth Rate (CAGR) throughout the forecast period. It is one of the leading regions in the Telecom Order Management market. This is due to the region's early adoption of advanced telecom technologies, extensive telecommunication infrastructure, and a large customer base. Additionally, North America is home to many leading telecom service providers and network operators, which further boosts the demand for efficient order management solutions.

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Global Telecom Order Management Market Size, Share, Growth Analysis, By Deployment Type(On-Premise, and Cloud based), By Component(Software, and Service) - Industry Forecast 2024-2031

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