Validation of telecom service subscribers through advanced identifiers and hot provisioning will be major drivers for these equipment’s owing to increasing importance of data security and privacy. Customer demand, cost reduction, and competition are the key factors driving telecom sector to evaluate their business support system-operation support system gap and increase their spending to close it.
Increasing requirement of service quality improvement, service offering expansion, and faster market time for telecom service market might shape the necessity for these systems over the forecast period. Growing adoption of convergent billing systems, rising demand for customer care services, and fast growing telecom industry are among the key factors expected to drive global next generation network equipment market.
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Most crucial challenge confronting telecom operators is optimization of these processes, platforms, and systems. Difficulties in integration of legacy systems with these advanced systems and the regulatory issues may hamper market growth over the forecast period. Operations support systems offer assurance, service fulfillment, and network monitoring & design.
Business support systems can be further sub-segmented into order management, revenue management, product management, and customer management. Service assurance and service fulfillment solutions are anticipated to NGN equipment market.
Geographically, the global new generation network equipment market is segmented into North America, Asia Pacific, Latin America, Middle East and Africa, and Europe. Asia Pacific is expected to be key growth region over the forecast period owing to existence of large customer base and evolving telecom industry. Middle East & Africa and Latin America are also anticipated to witness substantial growth over the forecast period.
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