Partner And Interconnect Management Market Drivers, Demand, Insights 2024-2033: Unveiling Key Factors

Overview and Scope

Partner and interconnect management refers to the processes and systems involved in establishing and managing connections between different networks. It is used for facilitating communication and managing agreements between telecom operators, and partner management focuses on establishing connections between various networks and fostering partnerships between operators and service providers.

Sizing and Forecast

The partner and interconnect management market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%.  The growth in the historic period can be attributed to increased demand for global connectivity, strategic initiatives by market players.

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Segmentation & Regional Insights

The partner and interconnect management market covered in this report is segmented –

1) By Offering: Solution, Services

2) By Operating System: Windows, Linux

3) By Agreement: BI-Lateral Agreement, UNI-Lateral Agreement

4) By Deployment: Cloud, On-Premises

5) By Application: Partner Management, Revenue Assurance, Traffic Monitoring And Reporting, Least Cost Routing, Prepayment And Credit Control, Dispute Management And Settlement, Other Applications

Asia Pacific was the largest region in the partner and interconnect management market in 2023. The regions covered in the partner and interconnect management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rising adoption of cloud-based services is expected to propel the growth of the partner and interconnect management market going forward. Cloud-based services refer to computing services such as storage, applications, and processing power that are delivered to users over the internet from remote servers maintained by a third-party provider. Partner and interconnect management help optimize costs associated with cloud-based services by negotiating favorable terms, minimizing redundant services, and optimizing resource utilization across different providers. For instance, in December 2023, according to the European Commission, a Belgium-based government body, approximately 42.5% of EU enterprises procured cloud computing services in 2023, marking a 4.2% increase in the share of enterprises purchasing cloud computing services compared to 2021. Therefore, the rising adoption of cloud-based services is driving the growth of the partner and interconnect management market.

Key Industry Players

Major companies operating in the partner and interconnect management market report are Huawei Technologies, Cisco Systems, Oracle Corporation, SAP SE, Ericsson Corporation, Nokia Corporation, Juniper Networks, Amdocs, Ciena Corporation, CSG Systems International Inc., Ribbon Communications Inc., Sterlite Technologies Limited, Syniverse Technologies LLC , Enghouse Networks Ltd., TEOCO Corporation, Comviva Technologies Ltd., Matrixx Software Inc., Nexign, Panamax Inc., Optiva Inc., Redknee Solutions, Aria Systems, Cerillion Technologies Limited, TOMIA, Anam Technologies Ltd

The partner and interconnect management market report table of contents includes:

1. Executive Summary
2. Partner And Interconnect Management Market Characteristics
3. Partner And Interconnect Management Market Trends And Strategies
4. Partner And Interconnect Management Market – Macro Economic Scenario
5. Global Partner And Interconnect Management Market Size and Growth

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32. Global Partner And Interconnect Management Market Competitive Benchmarking
33. Global Partner And Interconnect Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Partner And Interconnect Management Market
35. Partner And Interconnect Management Market Future Outlook and Potential Analysis
36. Appendix

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