The Telecom Outsourcing Market is spanned across North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The key drivers of the market include significantly high adoption of mobile users, reduction in operating costs and the rising adoption of cloud services across enterprises and industries, which are boosting the growth of the global telecom outsourcing market. However, risks associated with cybersecurity and data loss issues are limiting market growth.
North America led the telecom outsourcing market in 2018, whereas Asia-Pacific is expected to be the fastest growing market in the telecom outsourcing market during the forecast period. Europe is expected to be at the second spot for the telecom outsourcing market in terms of market share.
North America is expected to be the largest market for telecom outsourcing and continue growing steadily during the forecast period. This can be attributed to the rapid proliferation of the IT & telecommunication sector in the US. This region is a hub some of the largest multinational corporations operating in this market, including most of the leading players. New and improved technologies are readily adopted by the enterprises in this region. These factors are crucial in driving the market in North America. Along with this, the increasing utilization of LTE and VoLTE is expected to boost the growth of the telecom outsourcing market in North America.
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Market Research Future (MRFR) identifies the following companies as the key in connected agriculture market are – Ericsson (Sweden), Huawei Technologies Co. Ltd (China), Hewlett Packard Enterprise Corporation (U.S), IBM Corporation (U.S), NEC Corporation (Japan), Cisco systems Incorporation (U.S.), Nokia Networks (Finland), Motorola Solutions, Inc. (U.S), Fujitsu Ltd (Japan), ZTE Corporation (China).
On the basis of outsourcing type, the telecom outsourcing market has been categorized as call center outsourcing, finance and accounting outsourcing, billing operations outsourcing, infrastructure maintenance outsourcing, and others. The project period segment has been divided into short term and long term. The services segment includes managed services and professional services. The organization size segment includes SMEs and large organizations. On the basis of network type, the telecom outsourcing market has been categorized into fixed and mobile. Whereas, on the basis of region, the market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
Geographically, Telecom outsourcing market has been bifurcated into North America, Europe, Asia Pacific and Rest of the World.
Europe is expected to be the prominent region in telecom outsourcing market over the forecast period. This is attributed to the telecom companies are dedicated focusing towards in technological advancement and increased number of replacement of conventional methods inn telecom sector is expected to foster the market over forecast period. Additionally, managed services is anticipated to have a significant growth and was valued USD 19,304 million in 2017 and reach to 25588.9 million at 4.81 % CAGR by 2023.
However, Asia Pacific is expected to foresee a promising region and better prospects for the telecom outsourcing market for the forecast period 2017-2023. Lowering in operational costs and increased adoption rate of telecom outsourcing is presumed to drive the telecom outsourcing market. Moreover, Increased adoption rate of cloud computing techniques by telecom operators is presumed to be one of the major advantage to boost the telecom outsourcing market over the forecast period.
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Table of Contents:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
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