The Business Research Company’s report on the Telecom IT Services Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the telecom it services market?
The increasing use of smartphone devices is expected to propel the growth of the telecom IT services market going forward. Smartphones are portable electronic gadgets enabling users to browse the internet, send and receive texts. Mobile technology allows users to access information, making services more flexible. Telecom IT service providers are concentrating on providing backend support and creating data-based offers; thus, the increasing use of smartphone devices will propel the market’s growth. For instance, in December 2023, according to Demandsage, a US-based automated reporting platform that leverages data science to bring real insights As of 2022, there were approximately 6.6 billion smartphone users worldwide. The number of smartphone users increased by 4.2% compared to the previous year. Therefore, the increasing use of smartphone devices is driving the growth of the telecom IT services market.
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How has the telecom it services market size evolved, and what are the latest forecasts for its expansion?
The telecom IT services market size has grown rapidly in recent years. It will grow from$1222.24 billion in 2024 to $1397.94 billion in 2025 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to telecom network expansion, increasing data traffic, network security concerns, customer experience enhancement, globalization and market competition
The telecom IT services market size is expected to see rapid growth in the next few years. It will grow to “$2577.14 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth in the forecast period can be attributed to 5g network rollout, edge computing adoption, iot and smart devices integration, cloud-based solutions, cybersecurity measures. Major trends in the forecast period include 5g network integration, iot and m2m connectivity, customer experience enhancement, automation and ai-driven operations, cloud integration and migration.
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Which major companies dominate the telecom it services market?
Major companies operating in the telecom IT services market include Accenture plc, Amdocs, ALE International SAS, Capgemini SE, Cognizant, Telefonaktiebolaget LM Ericsson, Huawei Technologies Co, The International Business Machines Corporation, Oracle Corporation, WTG Technologies Limited, X4 Solutions, Telarus Inc., Intellisys Communication Inc, Telecom Brokerage Inc, Reliance Industries Ltd, China Mobile Ltd, T-Mobile US Inc, Verizon Communications Inc, Comcast Corp, Deutsche Telekom AG, Nippon Telegraph and Telephone Corp, AT&T Inc, SoftBank Group Corp, Telefonica SA, Vodafone Group Plc, Orange SA, BT Group Plc, Telstra Corp Ltd, China Telecom Corp Ltd
What trends will shape the future of the target acquisition systems market?
Technological advancements are key trends gaining popularity in the telecom IT services market. Major companies operating in the telecom IT services market are adopting new technologies to sustain their position in the market. For instance, in February 2023, HCL Technologies Limited, an India-based information technology services and consulting company, launched CloudSMART Modernization Experience and Site Reliability Engineering (SRE), two new technology suites to help expedite the modernization of telecom networks using Cloud Native platforms. HCLTech’s cutting-edge CloudSMART Modernization Experience for telecom enables the use of open-source and off-the-shelf IT vendor solutions. This allows telecom service providers to develop bespoke solutions by merging best-of-breed platforms from various network solution vendors. HCLTech’s SRE enablement for Cloud Native telecom allows a comprehensive set of practices required to conduct large-scale telecom operations on current Cloud Native platforms successfully. It enables telecom service providers to improve and sustain industry-leading dependability levels by incorporating modern SRE practices into their operations. This results in increased efficiencies while decreasing lock-in with traditional telecom network providers.
Which region dominates the telecom it services market, and what factors contribute to its leadership?
Asia-Pacific was the largest region in the telecom IT services market in 2024and is expected to be the fastest-growing region in the global telecom IT services market report forecast period. The regions covered in the telecom IT services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the telecom it services market segmented, and which segment holds the largest share?
The telecom IT services market covered in this report is segmented –
1) By Solution: CRM, Mobile Commerce, Enterprise Mobility, Network Management, Supply chain Management, OSS BSS, Other Solutions
2) By Deployment Type: Cloud-Based, On-Premise, Hybrid
3) By Organization Size: Small And Medium-Sized Businesses (SMBs), Large Enterprises
4) By Application: Commercial, Residential
Subsegments:
1) By CRM (Customer Relationship Management): Sales Automation, Customer Service And Support, marketing Automation
2) By Mobile Commerce: Mobile Payment Solutions, Mobile Wallets, Mobile Shopping Platforms
3) By Enterprise Mobility: Mobile Device Management (MDM), Mobile Application Management (MAM), Bring Your Own Device (BYOD) Solutions
4) By Network Management: Network Monitoring, Network Security Management, Network Performance Optimization
5) By Supply Chain Management: Inventory Management, Order Management, Logistics Management
6) By OSS BSS (Operations Support Systems And Business Support Systems): Billing And Revenue Management, Service Assurance, Network Inventory Management
7) By Other Solutions: Cloud Services, Data Analytics, Cybersecurity Solutions
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How is the telecom it services market defined?
Telecom IT services refer to the services that aid telecom firms in developing a robust and high-performance communication network and implementing new business models. It is used to increase productivity in corporate core connectivity workloads and provide effective customer service.
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