Telecom Order Management Market ? Increasing Demand for Customer Retention to Ai

Posted by RASHMI on March 1st, 2019

The global telecom order management market was worth US.91 bn. Expanding at a healthy CAGR of 8.80% between 2017 and 2025, the opportunity in this market is likely to reach US.05 bn by the end of 2025. The constant advancements in next-generation telecom order management solutions will support the market considerably in the near future.

The global telecom order management market is divided into various segments on the basis of component, deployment type, and region. Under component, solutions and services are two key categories, whereas the on-premise and cloud-based systems are two prominent segments under deployment type. Based on deployment type, the on-premise segment holds a leading position owing to its higher availability in various regions. From the perspective of component, the solution segment currently has a greater preference thanks to ever-rising demands from consumers that deal with solving various issues associated with telecommunications.

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A brisk rise in the number of telecommunication devices connected to each other along with a rising number of subscribers is primarily driving the global telecom order management market. Telecom services are mostly getting consolidated with a large number of network operators and service providers, which consequently has managed to significantly boost the market.

With changing customer expectations, enhanced customer services need to be provided to the customers. Keeping this in mind, provision of state-of-the-art services associated with video, voice, data, content, gaming, and location are likely to boost customer retention, as a result leading towards better revenue gained in the market.