The order management surrounds visibility across cross divisions and supply networks. Thus, order configuration and generation of quotes require manual entry and majorly depend on disconnected tools, resulting in delay in time to attend upcoming and in process orders. Thus, with the advent of application, real time access of orders and proper streamlining of order fulfillments are processed across divisions and supply networks of the business, resulting into proper streamlining of overall supply chain. However, the complexities of processes that evolve owing to the multiple systems, sub processes and involvement of departments and business divisions has challenged the telecom order management market. Despite of complex process, the use of cloud to access information and ability to work from any location has comprehend the dynamic order decomposition and end to end service fulfillment process. The cloud-based model simplifies and streamline the order to cash processing with drag and drop technologies.
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Solution Anticipated to be the Dominant Segment During the Forecast Period, 2018-2026
Amongst the component types, solution is the dominant segment holding the largest market share. The solution type involves customer order management, service order management and service inventory management, thus encapsulating all the automated solutions which provide real time visibility and enhances the transaction support facility in tracking order management and order changes. Hence, it is also anticipated to be the fastest growing market during the forecast period.
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Rise in Digital Transformation in Asia Pacific Region has Anticipated the Market to grow during the forecast period, 2018-2026
Asia Pacific is estimated to be the fastest growing region in telecom order management market. The rise in technology such as cloud, network enabled connections and favorable government economic policies has demanded the region to grow. Government of developing economies in the region are taking initiatives for developing national broadband facilities, ICT applications and promoting FDI. Further, the wireline market segment of telecom order management holds the largest market share in Asia Pacific in 2017 and is also projected to be the most attractive segment.
Telecom Order Management Market is Fragmented with the Presence of Global and Regional Players
Some of the key participants in global market which are witnessing new collaborations, acquisitions, new update and product development are IBM, oracle, Fujitsu, Cognizant, Ericsson, Cerllion, Chikpea Inc., Comarch, Dimension Data, Mphasis, Neustar, Intellibuzz, Pegasystems among others. For instance, Ericsson, in November, 2017, announced an agreement with Verizon to develop networking equipment for their commercial launch of 5G technology. Hence, this strategic initiatives by the companies predicts the market to grow in upcoming years.
Telecom Order Management Market – By Network Type (Wireless, Wireline, Market By Deployment Type, On Premise, On Cloud)
Market By Component, Solution, Service
Market By Application, Order Establishment, Order Publication, Order Orchestration, Order Distribution, Order Tracking & Management, Order Life Cycle Management
Market By Region, North America, U.S., Rest of North America, Europe, France, The UK, Spain, Germany, Italy, Rest of Europe, Asia Pacific, China, Japan, India, Southeast Asia, Rest of Asia Pacific, Middle East and Africa, GCC Countries, Southern Africa, Rest of Middle East and Africa, Latin America, Brazil, Rest of Latin America
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