Telecom service fulfillment provides different supply chain activities to enable service access to the subscribers. Rapid advancements in the modern day communication and growing dominance of smartphones around the world are creating major business opportunities across different industries. According to the experts, the global service fulfillment market is expected to maintain a healthy growth rate, thanks to the rapid industrialization and technological advancements in these platforms. Rapid rise in the number of subscribers from around the world is also considered to be a vital sign for the strong growth in this market during the next few years to come.
Market Sustainability Factors
According to the researchers, the global service fulfillment market for telecommunication and information technology services is expected to maintain a healthy growth rate. This growth in the market is basically driven by the rising demand from around the world. This platform serves as a combination of various services including provisioning, correct activation, network management, inventory management, and so on. They help efficient management of the orders and critical business functions. Easy access to critical management solutions are creating strong growth prospects for the market in the years to come. Technological advancements are also expected to play a crucial role in the overall development of the market. Emerging markets are also expected to create potential growth opportunities for the market.
Segmentation in the Industry
Researchers segment the global service fulfillment market on the basis of the types of services, software, deployment types, and geographic regions. The types of services in the market include operation and maintenance, planning and consulting, managed services and system integration. Software segment of the market is categorized into network, inventory, and service order management and activation and provisioning. All these services are available in both on-premise and hosted deployment modes. Geographic regions of the market include Middle East and Africa, Latin America, Asia Pacific, North America and Europe.
As per the latest report, the service fulfillment market is expected to grow at an estimated CAGR of over 9.8%, from 2014 to 2019. At the projected growth rate, it is expected to become worth $5.56 billion in 2019. As of 2014, the market is estimated to be worth $3.48 billion. The software segment in the market is expected to rise at a projected CAGR of over 9.3% during the same time frame, while the service segment is expected to maintain a CAGR of over 11%. North America region is projected to be a key region in the global market in terms of overall market share and consumption. Emerging markets are also expected to witness healthy growth.