by The telecom operations management market encompasses software and services that enable telecom operators to plan, monitor, analyze and optimize their network infrastructure and operations. Telecom operators cater to a wide range of communication services such as voice calls, data services, messaging and more, delivered over technologies like 2G, 3G, 4G/LTE and increasingly 5G. As the volume and sophistication of network infrastructure and services has grown significantly, telecom operators are increasingly automating their network operations for improved efficiency, cost optimization and superior customer experience.
The global Telecom Operations Management Market is estimated to be valued at US$ 52 billion in 2023 and is expected to exhibit a CAGR of 29% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for high speed data services and transition towards 5G networks are expected to be a major driving force for telecom operations management market growth. As 5G networks enable significantly faster data speeds and support new applications like augmented reality and Internet of Things, telecom operators are investing heavily in upgrading their infrastructure. This requires advanced network automation and service assurance solutions to plan, deploy and manage 5G networks efficiently. Cloud-native and AI-driven network operations are also gaining popularity as telecom operators look to virtualize and automate more of their operations on public, private and hybrid cloud platforms. AI can help analyze vast amounts of network and customer data to predict and resolve issues proactively, thereby enhancing customer experience.
Porter’s Analysis
Threat of new entrants: The threat of new entrants in the telecom operations management market is low as it requires huge capital investments and operational expertise to enter this market.
Bargaining power of buyers: The bargaining power of buyers is moderate since telecom operations management solutions are required for managing network infrastructure and operations by telecom operators.
Bargaining power of suppliers: The bargaining power of suppliers is moderate since telecom operations management market comprises various solution and service providers.
Threat of new substitutes: There are low threats from substitutes since telecom operations management solutions offer integrated suite of capabilities for running day to day network operations.
Competitive rivalry: The competitive rivalry in the telecom operations management market is high due to presence of established players focusing on new product innovations and mergers & acquisitions.
Key Takeaways
The Global Telecom Operations Management Market Size is expected to witness high growth.
Regional analysis: Asia Pacific region is expected to grow at the fastest pace during the forecast period. Countries like China, Japan and India are generating high demand for telecom operations management solutions to manage their exponentially growing telecom networks.
Key players: Key players operating in the telecom operations management market are Oracle, Ericsson, Amdocs, Hewlett Packard Enterprises, Huawei Technologies, NEC Corporation, Sap, Nokia Networks, and IBM.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
