(Entertainment-NewsWire.com, April 18, 2018 ) Research analysis on the global telecom software professional services market identifies the growing demand for cloud based BSS as one of the primary factors fueling market growth. The use of cloud-based solutions will help organizations overcome challenges including complexities of hardware and license management. Additionally, the increasing adoption of M2M solutions among enterprises is also compelling operators to deliver a real-time experience to customers. One of the major vendors, Amdocs already delivers cloud-based BSS to mobile network operators (MNOs) and mobile virtual network operators/enablers (MVNOs/Es) based on a pay-as-you-grow (PAYG) model. Publisher’s market research analysts predict that this market will grow at a CAGR of more than 8% by 2021.
The growing demand from the end users for customized telecom software is one the latest trends that will gain traction in this marketspace. The adoption of customized telecom software will provide telecom service providers to deliver multiple services to the user. Personalized OSS BSS software have the capability and flexibility to accommodate changes. This will in turn, significantly increase their adoption among telecom operators.
Owing to the presence of many vendors, the telecom software professional services market appears to be fragmented. To cater to the increasing complex set of services, the vendors in the market are making huge investments towards telecom software solutions. Easy integration, multiple vendor concepts, the interoperability of convergent charging software with the existing telecom network, and the scalability of the product are some the key factors distinguishing the service providers in this market.
The leading vendors in the market are -
Amdocs
Ericsson
HPE
Huawei
The other prominent vendors in the market are Affirmed Networks, Allot Communications, Aria Systems, Cerillion, Cisco Systems, Comarch, Comptel, CSG International, Elitecore Technologies, Global Convergence Solutions, Hitachi Data Systems, Nokia, Oracle, Redknee, SAP, Subex, Wipro, and ZTE
Segmentation by type and analysis of the Telecom Software Professional Services market
Hosted and product related services
Systems integrated
Outsourced services
The hosted and product related services segment will account for the major shares of this market throughout the next four years. These services are managed and provided by the suppliers. The preference of communication service providers towards adopting new business models for new services and their acceptance for cloud-based and SaaS models, will be the major factors fueling market growth.
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