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Telecom Outsourcing Market Highlights:
In order to gain the large market share and remain competitive in the market, the telecom operators are striving very hard to provide best services to its customer. The services are measured in terms better connectivity and provide innovative solutions for the latest peripherals and technological trends. Therefore, telecom operators are encouraged to outsource their services to reduce the operational costs and to focus on the core business. Increased demand of cloud services by telecom companies, reduced operational costs is expected to drive the market over the forecast period.
However, increase in number of cyber thefts and rising security concerns are presumed to hinder the market growth of telecom outsourcing market over the review period of 2017-2023.
According to Market Research Future Analysis, global telecom outsourcing market has been valued at approx. USD 105.47 million with 4.36 % of CAGR during forecast period 2017 to 2023
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The Telecom Outsourcing Industry report explains that the global market has been segregated into end-use outlook and service type outlook.
The global market has been divided into health care, BFSA, IT and telecommunication, manufacturing, retail, and others based on the end-user outlook segment.
Based on the service type outlook segment, the global market has been segmented into a call center or customer services, human resources, finance and accounting, procurement and supply chain, KPO, etc.
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 ?GR 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.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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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).
In the present scenario, innovative growth has been witnessed in special operations such as finance outsourcing accounting outsourcing. Additionally, fast growth has been seen due to the advancements in cloud services and internet speed. For instance, in May 2019, the prominent market player Vodafone Idea for Vodafone’s Service & Network Operations Center (SNOC) chose Hewlett Packard Enterprise (HPE).
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