Ericsson (Sweden) and Wipro (India) are the Major Players in the Telecom System Integration Market
Intense competition has compelled telecom companies to optimize their business processes and offer better services to its customers. Telecom system integration services are witnessing a high demand with the evolution and advancements in network and IT. Telecom system integrators are adopting inorganic growth strategies to strategically partner with key market players to develop new services and gain traction in the market. MarketsandMarkets forecasts the telecom system integration market to grow from USD 16.56 Billion in 2017 to USD 25.16 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period.
The telecom system integration market is categorized on the basis of its application areas that include operations support system (OSS), business support system (BSS), network management, and digital services. Furthermore, the market is segmented depending on the deployment type such as on-premises and the cloud. Major vendors operating in the telecom system integration market include IBM (US), Ericsson (Sweden), Nokia Networks (Finland), Tech Mahindra (India), Huawei (China), Wipro (India), Infosys (India), DXC Technology (US), Cognizant (US), HCL (India), Syntel (US), and Stixis Technologies (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new service launches, to achieve growth in the global telecom system integration market.
Ericsson, with a significant presence in the global telecom system integration market, is aspiring to become the top player in the telecom system integration market. The company has adopted a mix of organic and inorganic strategies to capitalize on the market opportunities. For instance, in July 2017, Ericsson introduced a set of network services to address the efficient deployment and operation of IoT devices that are introduced to the LTE networks. In August 2015, Ericsson acquired Icon Americas, a Guatemala-based consulting and system integration company. The acquisition boosted Ericsson’s system integration portfolio in Latin America.
Wipro is another major player in the global telecom system integration market. The company provides specialized services to cater to various application areas, such as network management, digital services, OSS and BSS. Wipro has focused on forming strategic partnerships with technology companies to better serve the telecom system integration challenges. In February 2016, Wipro partnered with Verveba Telecom. The partnership is aimed to address telecom industry challenges of mobile radio network services, such as deployment, designing, and consulting. Furthermore, in March 2015, Wipro partnered with Flytxt, a company specialized in big data analytics catering to Communication Service Providers (CSPs). The partnership has helped Wipro to help telecom companies gain better insights into customer data.
Related Reports:
Telecom System Integration Market by Application (OSS, BSS (Billing & Revenue Management, Subscriber Data Management, Service Fulfilment), Network Management, and Digital Services), Deployment Type, and Region - Global Forecast to 2022
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