Because of the high degree of competition and maturity in the telecom sector, service differentiation has become crucial for network operators to maintain their customer base and market position. As a result, telecom operators are spending heavily on modernizing their existing network solutions. According to Persistence Market Research (PMR), a well-known name in market research, the Asia-Pacific, Latin America, and EMEA System Integration in Telecommunication Market will be valued at over US$ 15.60 Billion by 2024, growing at a CAGR of 6.6% from 2022 to 2024.
This increasing use of the OSS (Operational Support System) and BSS (Business Support System) sub-segments in the Asia Pacific, Latin America & EMEA system integration in the telecommunication market has automatically fueled the market growth. In the near future, 5G technology is projected to drive increasing demand for OSS/BSS systems, which will eventually drive the market growth. The transition to 5G will significantly drive the market growth in the coming years.
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Companies
- Ericsson
- Huawei Technologies Co., Ltd.
- Amdocs Inc.
- Comptel Corporation
- Openet
- Sigma System Canada LP
- NetCracker Technology Corporation
- Oracle Corporation
- Redknee Inc.
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The Asia-Pacific region is expected to be the market leader in system integration services for telecommunication, driven by booming economic growth, rising technological sophistication and increasing customer demand for reliable communication networks. Countries such as India, China and South Korea are leading the way in terms of innovation and adoption of new technologies. With investments from international telecom service providers in these countries, there is a growing need for specialized systems integration services that can facilitate the smooth deployment of advanced networks.
The Latin America region is also experiencing increased demand for system integration services as mobile telecom operators look to deploy emerging technologies like 5G, cloud services and machine learning. Faster data speeds, improved customer experience and cost optimization are some of the major benefits driving this trend. In addition, Latin American countries are now beginning to explore more complex technical areas like robotics that require system integration solutions to ensure optimal performance.
Finally, EMEA (Europe Middle East & Africa) has emerged as a key player in the system integration in telecommunication market due to high customer demand for secure communication networks with dependable access points. Thanks to an influx of investment from regional organizations like European Union (EU), African Development Bank (AfDB) and Arab League (AL), there has been growing interest in next-generation technologies such as connected vehicle networks which enable seamless operation across different countries. As a result, more companies are looking towards system integration specialists who can help them deploy smarter communications infrastructure capable of handling vast amounts of data traffic.
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Asia-Pacific, Latin America, and EMEA System Integration in Telecommunication Market Categorization
Asia-Pacific, Latin America, and EMEA System Integration in Telecommunication Market by Solution
- Operational Support System (OSS)
- Business Support System (BSS)
Asia-Pacific, Latin America, and EMEA System Integration in Telecommunication Market by Region
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa (MEA)
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