The global telecom outsourcing market is anticipated to grow at a considerable CAGR of 3.1 % during the forecast period (2022-2028). Telecom companies play a crucial role in connecting people and enhancing customer satisfaction. The importance of telecom services has become clear, especially in the time of the COVID-19 pandemic. Telecom operators have facilitated remote work and studying and helped people around the world stay connected. The rising adoption of cloud services by telecommunication companies is expected to boost the market growth over the forecast. For instance, in June 2021, Reliance Jio Infocomm Ltd, a subsidiary of Reliance Industries Limited, and Google Cloud announced a long-term strategic relationship with the goal of powering 5G in enterprise and consumer segments nationwide. In addition, Reliance will also take advantage of Google Cloud's scalable infrastructure thereby enabling its retail business to achieve better operational efficiency, modernize and scale for growth, and deliver better performance and experiences to customers. These services will use Jio's 5G network, software, and Google Cloud's innovations in AI/ML, data and analytics, and other cloud-native technologies—delivered by Jio and powered by Google Cloud.
Furthermore, in December 2020 Accenture has helped Rakuten Mobile to launch its fully virtualized cloud-native mobile network, from business model design to development and operation. Rakuten Mobile’s network is fully virtualized, meaning hardware and software can be managed as a single entity. Such an approach enables network operators to minimize the cost of building, maintaining, and operating large-scale infrastructure, helping increase the competitiveness of their service. Moreover, since its full-scale commercial launch in Japan in April, Rakuten Mobile’s cloud-native mobile network has handled a 2.5 times higher level of data traffic consumed by its subscribers when compared with a typical operator, despite the impact of COVID-19.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Type
o By Enterprise Size
o By Service
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Cisco Systems, Inc., Fujitsu Ltd., Huawei Technologies Co., Ltd, Nokia Corp., Ciena Corp., IBM Corp., Juniper Networks, Inc., Motorola Solutions, Inc. NEC Corp., Tata Consultancy Services Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Telecom Outsourcing Market Report Segment
By Type
By Enterprise Size
By Service
Global Telecom Outsourcing Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa