Global Telecom IT Services Market
The Global Telecom IT Services Market was valued at USD 111.77 billion in 2016 and is projected to reach USD 1,070.75 billion by 2025, growing at a CAGR of 28.54% from 2017 to 2025.
Telecommunication is an important tool for businesses. It enables companies to communicate effectively with customers and deliver high standards of customer service. Benefits of Telecommunication IT Services include â€“ flexibility in work locations and time, reduction of travelling costs and time, professional flexibility, etc.
1. Market Drivers
1.1 Increasing Demand for High-Speed Data Services
1.2 Increasing Financial Pressure
2. Market Restraints
2.1 High Cost Service
2.2 Government Policy and Regulations
The Global Telecom IT Services Market is segmented on the organization size, solution, deployment type, and region.
1. By Organization Size:
1.1 Large Enterprises
1.2 Small and Medium Business
2. By Solution:
2.1 Supply Chain Planning
2.3 Enterprise Mobility
2.4 OSS BSS Solutions
2.5 Mobile Commerce
2.6 Network management
3. By Deployment Type:
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
6. IBM Corporation
8. Oracle Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Telecom IT Services Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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