Telecom Outsourcing Market Highlights:
In order to gain the large market share and remain competitive in the market, the telecom operators are striving very hard to provide best services to its customer. The services are measured in terms better connectivity and provide innovative solutions for the latest peripherals and technological trends.
Therefore, telecom operators are encouraged to outsource their services to reduce the operational costs and to focus on the core business. Increased demand of cloud services by telecom companies, reduced operational costs is expected to drive the market over the forecast period.
However, increase in number of cyber thefts and rising security concerns are presumed to hinder the market growth of telecom outsourcing market over the review period of 2017-2023.
The Telecom Outsourcing Market Analysis is growing rapidly over 4.7% of CAGR and is expected to reach at approx. USD 91 Billion by the end of forecast period.
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Major Key Players:
• Ericsson (Sweden)
• Huawei Technologies Co., Ltd. (China)
• Hewlett Packard Enterprise Co. (U.S.)
• Nokia Networks (Netherlands)
• IBM Corporation (U.S.)
• NEC Corporation (Japan)
• Cisco Systems, Inc. (U.S.)
• Motorola Solutions, Inc. (U.S.)
• Fujitsu Limited (Japan)
• ZTE Corporation (China)
Telecom Outsourcing Market Regional Analysis:
The regional analysis of telecom outsourcing market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that Europe is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period.
The major growth in telecom outsourcing market in Europe is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
Telecom Outsourcing Market Segmentation:
The telecom outsourcing market has been segmented on the basis of outsourcing type, network type, project period, services, organization size and deployment. The network type segment is further bifurcated into fixed and mobile network type.
Fixed network refers to the connection established via optical fiber cables and which offer wired connectivity. Whereas, mobile network offers wireless connectivity and is distributed over various channels. It provides network to various channels via one fixed location transceiver.
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Telecom Outsourcing Market Research Analysis:
It has been observed that Europe is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in telecom outsourcing market in Europe is attributed to technical advancements and increasing use of mobile devices, tablets and smartphones in that region.
Asia Pacific region is expected to show substantial growth during the forecast period. The growth in Asia Pacific region is attributed to a strong service provider base and a large talent pool. Emerging economies in India and China are expected to lead the market in the region.