by Telecom operations management includes activities of planning, monitoring, and controlling network infrastructure and services in telecommunication network. Telecom operations management solutions are deployed to manage performance and availability of network components such as switches, routers, RAN, and core network elements. It helps telecom operators gain insights into operational health of networks and identify issues before they impact service experience. Telecom operators use telecom operations management solutions to automate tasks such as fault management, configuration management, performance management, security management, and billing management.
The global Telecom Operations Management Market is estimated to be valued at US$ 52 billion in 2023 and is expected to exhibit a CAGR of 29% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Telecom Operations Management Market is Expected to be Flourished by Increasing Focus on Automation of Network Operations): Telecom operators are increasingly focusing on automation of network operations to reduce operational costs and improve service quality. Automation allows telecom operators to gain real-time visibility into network performance using AI and analytics. It helps identify issues and resolve them before customers notice any disruption. This drives the demand for telecom operations management solutions that support automation. Furthermore, growing mobile data traffic and focus on 5G deployment are compelling telecom operators to invest in advanced operations management platforms to handle exponentially increasing network complexities. Hence, increasing focus on automation of network operations is expected to drive growth of the global telecom operations management market during the forecast period.
Segment Analysis
The telecom operations management market is dominated by the mobile data segment which accounts for over 40% share. This is primarily owing to the rising adoption of mobile internet across both developing and developed countries worldwide. Factors such as higher speed 4G and upcoming 5G networks, proliferation of affordable smartphones, and increasing usage of over-the-top applications are driving the demand for mobile data.
PEST Analysis
Political: The telecom industry is highly regulated with government policies influencing network operations, licensing, spectrum allocation etc. Favorable policies around rural network expansion and easing of FDI regulations are boosting investments and growth.
Economic: Global economic growth and rising per capita income are increasing spending on telecommunication services. The ongoing digital transformation across industries is also augmenting the telecom sector growth.
Social: Changing consumer behavior such as rising preference for wireless connectivity solutions, entertainment apps/OTT platforms is contributing to data usage growth. Increasing internet penetration driven by affordable connectivity is a key social factor.
Technological: Advancements in 5G, IoT, private networks, network slicing, AI/ML etc. are enabling new use cases. Transition from legacy to IP-based and automated networks is simplifying and optimizing telecom operations.
Key Takeaways
The Global Telecom Operations Management Market Growth is expected to witness high on account of increasing mobile data consumption and network complexities that are driving the need for improved network management and optimization.
Regionally, Asia Pacific dominated the market in 2021 and is projected to continue its lead aided by the growing digital connectivity in major countries like India and China.
Key players operating in the telecom operations management market are Ericsson, Huawei, NEC, Nokia, and Oracle. Regional analysis related content comprises Ericsson commands the largest share owing to its strong product portfolio and global customer base in the telecom sector. The upcoming 5G rollouts and Open RAN deployments are creating new business opportunities for market players.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
