The telecom system integration market will touch $25 billion by 2022, from $16.56 billion in 2017, growing at a CAGR of 8.7% during the forecast period, as per a report by market research firm, ASDReports.
The adoption of telecom system integration services by communication service providers was majorly driven by demand to handle cloud and migration activities.
In telecom industry, the network infrastructure plays a key role in central operations. The advancements and developments in networking technologies drove the adoption of these innovative technologies among the Telcos.
Other than advancements, the varied customer expectations and fierce competition in the market also encouraged the telecom industry to embrace telecom system integration services.
The telecom system integrators help Telcos to efficiently integrate their network monitoring solutions and network security with an existing network infrastructure. The system integrators reduce the risk related to integration and provides stability to network infrastructure.
The system integration services will witness significant growth in cloud-based solutions during the forecast period. The rising demand in data storage and mobility will be the key factors to aid the growth.
Evolution of 5G networks, migration from wired to wireless network, and transition from IPv4 to IPv6 technologies will also significantly contribute to growth of network management market.
By region, North America is expected to be largest contributor to global system integration market during the forecast period. The reason behind North America’s major share in the market is presence of leading telecom and communication service providers in the region including AT&T, T-Mobile, Verizon, and Sprint Corporation.
Also read: ‘Data Center Switch’ market expected to touch $18 billion by 2023: KBV Research
IBM, Ericsson, Nokia Networks, Tech Mahindra, Huawei, Wipro, Infosys, DXC Technology, Cognizant, HCL, Syntel, and Stixis Technologies are the major telecom system integration service providers worldwide.