Telecom System Integration Market size is expected to grow $25.16 Billion by 2022 at a CAGR of 8.7%

Telecom System Integration Market size is expected to grow $25.16 Billion by 2022 at a CAGR of 8.7%

“IBM (US), Ericsson (Sweden), Nokia Networks (Finland), Tech Mahindra (India), Huawei (China), Wipro (India), Infosys (India), DXC Technology (US), Cognizant (US), HCL (India), Syntel (US), and Stixis Technologies (US)”
Telecom System Integration Market by Application (OSS, BSS (Billing & Revenue Management, Subscriber Data Management, Service Fulfillment), Network Management, and Digital Services), Deployment Type, and Region – Global Forecast to 2022

MarketsandMarkets expects the Telecom System Integration Market to grow from USD 16.56 billion in 2017 to USD 25.16 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period.

Intense competition has compelled telecom companies to optimize their business processes and offer better services to its customers. Telecom system integration services are witnessing a high demand with the evolution and advancements in network and IT. Telecom system integrators are adopting inorganic growth strategies to strategically partner with key market players to develop new services and gain traction in the market.

The telecom system integration market is categorized on the basis of its application areas that include operations support system (OSS), business support system (BSS), network management, and digital services. Furthermore, the market is segmented depending on the deployment type such as on-premises and the cloud. Major vendors operating in the telecom system integration market include IBM (US), Ericsson (Sweden), Nokia Networks (Finland), Tech Mahindra (India), Huawei (China), Wipro (India), Infosys (India), DXC Technology (US), Cognizant (US), HCL (India), Syntel (US), and Stixis Technologies (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new service launches, to achieve growth in the global telecom system integration market.

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The Asia-Pacific (APAC) region consists of growing economies and has a favorable market for telecom system integrators. With the growing IT and network infrastructure, major telecom and communication service providers are aiming to explore potential opportunities in APAC. India, China, Singapore, Australia, Hong Kong, and Japan are the major contributors to the telecom system integration market in APAC. The rapid growth of the telecom sector in the APAC region is expected to aid the growth of telecom system integrators. Telecom vendors, such as China Mobile, Singtel, Reliance Communications, and Hong Kong Telecommunications Limited, offer potential opportunities for telecom system integrators. Increasing competition within the telecom industry in APAC has encouraged telecom vendors to upgrade their IT and network infrastructure to offer better services to their customers and subscribers.

The digital services segment is expected to be the fastest-growing application for telecom system integration vendors during the forecast period. The rapid digitization across telecom industries is expected to benefit telecom system integrators. Telecom and communication service providers’ IoT initiatives are expected to provide new revenue streams. Furthermore, artificial intelligence and business intelligence solutions are expected to find their way in the telecom industry. Seamlessly integrating large scale digital solutions, such as business intelligence, artificial intelligence, and IoT solutions with network infrastructure, presents certain challenges due to the multi-vendor landscape. This is expected to surge the demand for telecom system integrators during the forecast period.

The cloud deployment type is expected to grow at a higher CAGR during the forecast period. The cloud-based solutions offer a wide range of agile and cost-effective features to cater to the business needs of telecom industries. These solutions can be rapidly implemented and are easy to use, whereas security concerns are expected to be one of the major hindrances for the adoption of cloud deployment. However, with technological advancements in the cloud computing, the demand for cloud-based technology solutions within the telecom space is expected to increase during the forecast period.

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