Global Telecom System Integration Market Outlook 2017-2026, With an Expected CAGR of 10.7% - ResearchAndMarkets.com
June 18, 2018
According to the publisher, the Global Telecom System Integration market is accounted for $17.11 billion in 2017 and is expected to reach $42.7 billion by 2026 growing at a CAGR of 10.7% during the forecast period.
Technological advancements in cloud and network security, growth of IoT in telecom industry and deficiency of in-house expertise, rising preference for OSS/BSS solutions are the factors favoring the market growth during the forecast period. However, high costs and time, increase vulnerability to information hacking and attacks are restraining the market growth.
Telecoms systems integration is the provision of complete, multi-system, integrated, turnkey telecoms and security packages. On the basis of deployment type, on-premises is expected to be the largest market due to the infrastructure and in-house teams deploying advanced solutions. In terms of application, operating system solutions (OSS) has obtained highest market share due to the adapting technologies by telecom and communication service providers to reduce the impact of network issues and deliver high quality service to their customers by detecting and resolving service issues.
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