Telecom Outsourcing Industry, Competitive Outlook, Growth Size, Share, Value, research analysis forecast - 2027
Market Scenario:
The global Telecom Outsourcing Industry is expected to witness significant growth during the forecast period. North America has been projected to lead the telecom outsourcing market during the forecast period, followed by Europe. Significantly high adoption of mobile users and the growth of LTE and VoLTE are factors are contributing to the market growth. Furthermore, the reduction in operating costs and the rising adoption of cloud services across enterprises and industries are boosting the growth of the telecom outsourcing market. However, risks associated with cybersecurity and data loss are limiting market growth.
COVID-19 Analysis:
The business impact of SARS-CoV-2 has been felt across diverse sections of the information technology industry, albeit at different levels. Companies in the technology sector that supply services for verticals like travel, retail, hospitality, and entertainment have noted a dramatic decrease in sales, while the firms that provide services related to remote worker solutions have observed the opposite. Telecom Outsourcing Market ’s fate post pandemic has been relatively less grim compared to Education Services (ES) and Professional Services (PS) that are mostly dependent on components that are generally on-site. Novel coronavirus has Telecom Outsourcing Market to open new avenues for those firms that are on the lookout for solutions that are reliable, efficiently managed, scalable, and are subscription-based, to remain more focused on the core business. The Telecom Outsourcing Market is bearing lesser impact of the COVID-19 outbreak compared to most other segments of the tech world.
In a nutshell, COVID-19 impact on managed services has been fruitful, with the market growth enhanced than before. Given the prevalent lockdown situation, managed services vendors are now investing heavily in remote-centric worker solutions, which can make the market highly resilient in the coming years, even as the world is currently rushing to achieve a COVID-19 breakthrough.
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Market Research Future (MRFR) identifies the following companies as the key in connected agriculture market are – Ericsson (Sweden), Huawei Technologies Co. Ltd (China), Hewlett Packard Enterprise Corporation (U.S), IBM Corporation (U.S), NEC Corporation (Japan), Cisco systems Incorporation (U.S.), Nokia Networks (Finland), Motorola Solutions, Inc. (U.S), Fujitsu Ltd (Japan), ZTE Corporation (China).
Based on outsourcing type, the telecom outsourcing market has been categorized as call canter outsourcing, finance and accounting outsourcing, billing operations outsourcing, infrastructure maintenance outsourcing, and others. The project period segment has been divided into short term and long term. The services segment includes managed services and professional services. The organization size segment includes SMEs and large organizations. Based on network type, the telecom outsourcing market has been categorized into fixed and mobile. Whereas, based on region, the market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Regional Analysis:
Geographically, Telecom outsourcing market has been bifurcated into North America, Europe, Asia Pacific, and Rest of the World.
Europe is expected to be the prominent region in telecom outsourcing market over the forecast period. This is attributed to the telecom companies are dedicated focusing towards in technological advancement and increased number of replacements of conventional methods inn telecom sector is expected to foster the market over forecast period. Additionally, managed services are anticipated to have a significant growth and was valued USD 19,304 million in 2017 and reach to 25588.9 million at 4.81 % CAGR by 2023.
However, Asia Pacific is expected to foresee a promising region and better prospects for the telecom outsourcing market for the forecast period 2017-2023. Lowering in operational costs and increased adoption rate of telecom outsourcing is presumed to drive the telecom outsourcing market. Moreover, Increased adoption rate of cloud computing techniques by telecom operators is presumed to be one of the major advantage to boost the telecom outsourcing market over the forecast period.
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
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List of Tables
TABLE 1 LIST OF ASSUMPTIONS
TABLE 2 GLOBAL TELECOM OUTSOURCING MARKET, BY OUTSOURCING TYPE, 2020–2027 (USD BILLION)
TABLE 3 GLOBAL TELECOM OUTSOURCING MARKET, BY PROJECT PERIOD, 2020–2027 (USD BILLION)
Continued…
List of Figures
FIGURE 1 MARKET SYNOPSIS
FIGURE 2 GLOBAL TELECOM OUTSOURCING MARKET: MARKET STRUCTURE
FIGURE 3 RESEARCH PROCESS OF MRFR
Continued…
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