Telecom IT Services Market – Global Industry Analysis and Forecast (2024-2030)

Telecom IT Services Market size was valued at US$ 1953.92 Bn. in 2023 and the total revenue is expected to grow at 5.4% through 2024 to 2030, reaching nearly US$ 2823.53 Bn.
Telecom IT Services Market Overview:
Telecommunication systems are managed by telecommunication service providers and are recognised for providing services like phone and internet. This communication system is critical for organisations because it helps them to connect efficiently with their customers, improving customer service standards. There are various advantages to employing telecoms IT services, including reduced travel time and costs, as well as employee flexibility in work hours and locations.To know about the Research Methodology :- Request Free Sample Report
Telecom IT Services Market Dynamics:
The increasing popularity of communication systems such as wide area networks (WAN) / local area networks (LAN) is creating profitable growth opportunities for the telecom management service market. Due to the affordability of small and medium-sized enterprises, coupled with the increasing demand for reduced management enterprise structure costs, the adoption of cloud computing equipment by small and medium-sized enterprises will further promote the growth of the market value of telecommunication management services.

Increasing government spending on the development of information, communications, and technology (ICT) infrastructure, coupled with increasing attention to technological advancements such as 5G, SDN, and NFV, will also promote the growth of demand for telecom management services. Increasing data complexity issues, information assurance, data security services and the provision of portable services will also become important determinants of the growth of the telecom management service market.

As per the 2023 SD-WAN Managed Services Research, 64% of network and IT managers plan to implement SD-WAN managed services within next two years. End users want better security, better cloud application productivity, and more flexible management from these services. This need drives telecom service providers to outsource their network infrastructure, software, and operation.

Due to their corporate style and business model, digital entertainment platforms and global telecom IT service providers have benefited from the current circumstance as people throughout the world grapple with the facts of the COVID-19 epidemic. A trend among the majority to remote working will boost demand for network connectivity and infrastructure in the current global lockdown scenario. Similarly, because to tight social separation, the temporary closure of multiplexes and other outdoor entertainment avenues has increased the use of numerous digital platforms, such as social networking, gaming, and OTT applications.

However, the global market growth is hampered by issues such as high capital needs and regulatory regulations. The operators are put under a lot of stress as a result of this. Data privacy is a danger connected with IT technology. This aspect has the potential to stifle the Telecom IT Services Market and have a negative influence on the industry.
Telecom IT Services Market Segment Analysis:
Based on the Deployment, the global Telecom IT Services market is sub-segmented into Cloud-based, On-Premise and Hybrid. The Hybrid held the largest market share of 5.4% in 2023. Because it combines the benefits of cloud-based solutions and on-premise deployment. A user can use services that are maintained locally or on-premises, as well as services that are operated by cloud service providers, in a hybrid setup. It is compatible with a wide range of IT-enabled technologies, including IoT; cloud computing, and machine learning. The fundamental thread that runs through each solution is a hybrid cloud - based platform. It facilitates internet connectivity and analysis on-premises, in public clouds, and in private clouds, allowing AI to be powered by data.

Based on Organization Size, the global Telecom IT Services market is sub-segmented into Small and Medium Enterprises and Large Enterprises. The Small and Medium Enterprises segment held the largest market share of 5.4% in 2023. Because of the growth of IT infrastructure. By utilising cloud-based technology, they are primarily focusing on prioritising speed and mobility, as well as an easy to set up and use communication structure. To remain adaptable and flexible in the ever-changing business environment, SMEs must continue to be inventive. Besides turning to different providers for every need, SMEs can use a telecom provider's integrated services to achieve efficiency and focus their resources on market growth.
Telecom IT Services Market Regional Insights:
Asia Pacific held the largest Market share of 35% in 2023 and also it is expected to grow at a highest CAGR of xx% during the forecast period. The regional market is being driven by e-commerce and retailer buy-in platforms, smartphone use, and investments in 5G networks. China, Japan, and India have all made important contributions to the region's growing economic growth. According to survey statistics released by the International Telecommunication Union, China and India had 854 million and 560 million internet users, respectively, in 2023 (ITU).

North America held the 2nd largest market share of 32% in 2023. In this region, the market will rise quickly. Rapidly increasing technology breakthroughs, the presence of the world's leading telecom corporations trying to enhance their network costs and increase customer happiness, and rising system cyber-attacks in this region are all drivers driving market growth in North America.

The objective of the report is to present a comprehensive analysis of the global Telecom IT Services Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also helps in understanding the global Telecom IT Services Market dynamic, structure by analyzing the market segments and project the global Telecom IT Services Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Telecom IT Services Market make the report investor’s guide.
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Global Telecom IT Services Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1953.92 Bn.


Forecast Period 2024 to 2030 CAGR:
5.4%
Market Size in 2030:
US $ 2823.53 Bn.


 Segments Covered:
by Deployment
Cloud-based
On-Premise
Hybrid


by Organization Size
Small and Medium Enterprises
Large Enterprises


by Application
CRM
Mobile Commerce
Enterprise Mobility
Aerospace & Defense
Supply Chain Planning
OSS BSS Solutions
Others



Telecom IT Services Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Telecom IT Services Market, Key Players are
1. Amdocs
2. Ericsson
3. Accenture
4. Huawei
5. Alcatel-Lucent
6. IBM Corporation
7. Capgemini
8. Oracle Corporation
9. Cognizant
10. HP
11. Hewlett-Packard Company
12. AT&T
13. Verizon Comunications
14. In-Telecom
15. Tech Mahindra
16. NGN Microsoft Corporation
17. Cisco
18. International Business Machines Cooperation
19. Telefonaktiebolaget LM Ericsson
Frequently Asked Questions:
1] What segments are covered in Telecom IT Services Market report?
Ans. The segments covered in Telecom IT Services Market report are based on Deployment, Organization Size and Application.

2] Which region is expected to hold the highest share in the global Telecom IT Services Market?
Ans. Asia Pacific is expected to hold the highest share in the global Telecom IT Services Market.

3] What is the market size of global Telecom IT Services Market by 2030?
Ans. The market size of global Telecom IT Services Market by 2030 is US $ 2823.53 Bn.

4] Who are the top key players in the global Telecom IT Services Market?
Ans. Amdocs, Ericsson, Accenture, Huawei, Alcatel-Lucent, IBM Corporation are the top key players in the global Telecom IT Services Market.

5] What was the market size of global Telecom IT Services Market in 2023?
Ans. The market size of global Market in 2023 was US $ 1953.92 Bn.