System integration market has observed the huge growth after witnessing massive investments in the IT sector. Due to intensifying urban populace along with rising strength of telecom networks, the demand for system integration in the IT segment has amplified considerably. Along with this, deployment of advanced technologies will significantly contribute to the growth of system integration in the telecommunication sector in the near future.
According to a report, it is projected that the system integration in the telecommunication sector in the Middle East and Africa, Europe, Asia Pacific, and Latin America is valued at US$ 22.5 billion currently. The region will expand at the lucrative CAGR of around 6.3% during the predicted period of 2016-2024. It will further cross over US$ 36.9 billion in terms of values.
OSS solutions to profit the telecom sector lucratively
Operational support system (OSS) coupled with the business support system (BSS) help providers with the platform where they can study the client experience and also screen the future revenue earnings. The influx of telecommunication standards such as LTE and 3G advanced networks had noticeably driven the necessity for assimilation of effective OSS solution in the earlier days. This was done to meet the network operational needs.
Telecommunication market in Asia-Pacific, Latin America & EMEA has recently witnessed enormous demand for OSS and BSS solutions, eventually driving the system integration market. OSS/BSS solutions provide significant benefits. For instance, using these solutions helps the enterprises to drop the client delivery period.
The rapid implementation of OSS solution by telecom service suppliers has powered the demand for system integration over the past few years. OSS considerably assist in the configuration of equipment and topological design, all because of its inbuilt proficiency. Furthermore, in the telecom sector, OSS also extensively aids in network realization and network synthesis which are the basic requirements for subscribers and operators.
Regional Analysis – System Integration
High application costs of system integration solution in Latin America are undergoing fewer adoption in the APAC, Europe or Middle East & Africa (MEA). Values of OSS segment in Latin America is likely to expand lucratively during the forecast period (2016-2024). The segment is growing at the CAGR of 4.5% during the aforementioned assessment period of time. The system integration in the telecom market in the aforementioned region will grow at the moderate CAGR of 4.4%.
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BSS segment in this region is likely to witness steady growth on the basis of revenues during the coming years. Asia Pacific’s BSS segment growth is expected to cross US$ 3,000 million in 2017. On the other hand, OSS segment will record a lucrative Y-o-Y growth in the same region. OSS segment in the telecommunication sector will record a CAGR of around 7.3% in the Asia Pacific region.
In Latin America, Brazil is said to account for over 40% of the total revenues in system integration in telecommunication market. Mexico and Argentina will witness high demand for BSS and OSS in the coming times.