Global telecommunication industry needs rapid and flexible modification of the services. Service delivery platform is a similar type of open network that provides suitable architecture for various types of services. SDP is basically a set of components that assists in session control, service creation, protocols and other activities of a service. The technology is present in the industry for nearly a decade and is increasing with each passing year. Global service delivery platform market is expected to make steady growth during the coming few years, which is a vital sign for the existing as well as potential businesses. Rising demand, constantly evolving technology and growth in the emerging markets are some major drivers for the industry.
Scope of Market Research in SDP Market
Researchers segment the global service delivery platform market into different segments, which helps drawing conclusive facts about the latest trends, opportunities, challenges and forecasting for the industry. The SDP market is categorized based on several components like the types of services and software programs, applications, service sectors in the telecommunication market and demand across different geographic segments. Service delivery platform software and services are majorly segmented into integration and consulting services.
Applications of SDP include in telecom servers, mobile content management and delivery, subscriber data management and policy management. On the basis of telecommunication service sectors, the market is categorized into PSTN, mobile, residential broadband and business data services. Geographically, the industry is segmented into Europe, North America, Latin America, Middle East and Africa and Asia Pacific including Japan. Each of these segments provides market dynamics, data, key players, restraints, opportunities and competitive outlook.
Market Trends and Forecasting Reports
Service delivery platforms have gained exponential popularity within past few years. The major reason for this is the increasing demand for middle ground platforms enabling optimized services amongst content providers, service providers, telecom network operators and users. The SDP components are gaining limelight for a key service technology for clustering and coordinating components. Rising trend of development activities and advancements in the industry itself are some major drivers for SDP market. According to the market research reports, service delivery platform market is poised to grow at a CAGR of over 9% from 2013 to 2018. The market is estimate to make progress from $4.48 billion in 2013 and reach past $6.94 billion by the end of 2018.
During the forecasting period, Asia Pacific region is anticipated to hold major market shares, wherein the businesses are looking for attractive growth prospects.