The Global Telecom Operations Management Market is expected to grow at a significant CAGR during the forecast period. In the telecom business, telecom operations management is an important field. Because telecommunications operations are very complicated and subject to multiple changes, having a sector dedicated to their administration is critical to the industry’s overall efficiency. Consumer billing management, workforce management, financial assurance, inventory management, online self-service, activation and provisioning, and network management are all procedures that come under the telecom management. The operations assure that the services are handled efficiently, which helps to improve end-user satisfaction.
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Telecom businesses across the globe are starting on cloud-based transformation journeys to generate new services, revenue possibilities, and experiences. Telecom operators may reduce the process by integrating their cloud-native, open, and modular solutions with the fully managed, high-performing cloud platform. To help telecom businesses, cloud providers are focused on a few important locations. These include supporting telecoms businesses with monetizing 5G as a business services platform, allowing them to better engage their consumers through data-driven experiences, and increasing operational efficiency across core telecom systems. Increasing adoption of cloud will drive the Telecom Operations Management Market globally.
In March 2020, Google Cloud announced a new approach to assist telecom firms with digital transformation. The Google Cloud strategy focuses on telecom businesses’ essential goals, such as enhancing operational efficiency across telecom core systems. Telecommunications providers are using Google Cloud to change their key IT systems and networks. Various applications, such as Operations Support Systems (OSS), Business Support Systems (BSS), and network services that were previously used in telecom environments will be migrated to Google Cloud as part of this transition.
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Market Coverage
- Segment Covered-
o By Type
o By Application
- Competitive Landscape- Amdocs, Ericsson, Oracle, Accenture, Hewlett-Packard, and Alcatel-Lucent, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Operations Management Market Segmentation
- By Software Type
- Billing and revenue management
- Customer and product management
- Service fulfilment and assurance
- Resource inventory management
- Network management
- Service delivery platform
- By Service
- Planning and consulting
- Operations and maintenance
- System integration
- Managed services
- By Deployment Type
- On-premises
- Cloud
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