Telecom IT Services Market - Global Industry Analysis

Telecom IT Services Market by Deployment type (Cloud Based and On Premise), by Solution Type (CRM, OSS BSS Solution, Mobile Commerce, Supply Chain Planning, and Others) by End User (Large Enterprises and SMBs): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028

Published Date: 13-May-2021 Category: Technology & Media Report Format : PDF Pages: 160 Report Code: ZMR-581 Status : Published

The global telecom IT services market accounted for USD 168.5 Billion in 2020 and is expected to reach USD 892.4 Billion by 2028, growing at a CAGR of 23.2% from 2021 to 2028.

Description

Market Overview

The global telecom IT services market accounted for USD 168.5 Billion in 2020 and is expected to reach USD 892.4 Billion by 2028, growing at a CAGR of 23.2% from 2021 to 2028.

Telecommunications service providers offer telecom IT services in order to handle large amounts of communication data. Communication systems are critical for companies in order to effectively interact with customers and establish healthy customer relationships. Telecom IT services mainly include fax, phone, email, internet and radio among others. Rapidly expanding base of internet subscribers and a strong demand for high-speed, uninterrupted network are one of the primary factors driving the growth of this market. The advent and adoption of 5G technology is one of the top trends in this market currently. Fifth generation (5G) technology rollout is vital in today’s environment of remote working and constant digital developments. Artificial Intelligence (AI) is also expected to create a stronger foothold in the telecom IT services market through virtual assistants, chatbots and other mediums.

COVID-19 Impact Analysis

Being restricted inside and working remotely because of the pandemic has led to a spike in traffic of data and voice and increased broadband usage, which has in fact benefitted the telecom IT services market. In contrast to other markets, this sector has been exempted from most COVID-19 constraints and has turned out to be an essential service. Market players are coming up with new services and creative ways to make business operations run more smoothly. Cloud based telecom service providers, especially are stepping up their game with new enhanced features.

Growth Factors

The increasing popularity, along with companies and individuals actively opting for cloud based technology and solutions are anticipated to augment the market in the coming future. Further, powered by the current switch to remote offices and increased digital activity, cloud based telecom service providers especially can drive their business by providing enhanced communication solutions. Remote learning is expected to become the standard in the future, which can enable telecom service providers come up with unique solutions to assist educators in reaching students especially those who have limited access to Wi-Fi.

Other potential factors driving the growth of the telecom IT services market include constantly rising number of mobile subscribers and growing dependency on smartphones and wireless technology.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Deployment Type Segment Analysis Preview

Cloud based segment held a share of over 55% in 2020. This is primarily attributable to the cost flexibility, ease of business scalability and collaborative ecosystems that telecom cloud solutions have to offer. It has eliminated the need for businesses to purchase expensive hardware in order to remain globally connected. Advances in cloud based technologies can enable companies compete in a challenging and dynamic market more effectively.

End User Segment Analysis Preview

SMBs segment will grow at a CAGR of around 23% from 2021 to 2028. This is attributable to the growing focus on reliable and quality voice calls for customer interaction and data delivery by businesses. An increase in deployment of 5G networks in business applications to improve connectivity and customer experience and adoption of cloud based technology may also contribute to the growth of this segment.  

Regional Analysis Preview

The North American region held a share of over 30% in 2020. This is attributable to the presence of top companies such as IBM Corporation, Cognizant, AT&T, and Verizon Communications among others in the industry, whose rapid growth is expected to drive the growth of the telecom IT services market.

The Asia Pacific region is projected to grow at a CAGR of over 20% over the forecast period. This region is expected to be the fastest growing market, owing to a surge in e-commerce and investments in 5G networks as well as rising adoption of cloud based solutions to implement top class technology. China, India, and Japan are considered to be the most significant contributors to the growth of this market.   

Additionally, adoption of Internet of Things (IoT) in various industrial and business operations is also expected to open new avenues for this market in the coming years.

Key Market Players & Competitive Landscape

Some of key players in the global telecom IT services market are Ericsson, IBM Corporation, Cognizant, AT&T, Capgemini, Verizon Comunications, and Huawei, among others. 

Key market players in this market are resorting to and making investments in new age technology such as 5G networks and cloud based solutions to strengthen their foothold and broaden their consumer base. For example, in February 2021, AT&T Inc. and Verizon Communications spent a total of about USD 70 Billion on 5G spectrum technology to offer better network coverage to their customers. Other telecom service companies, such as China Mobile Ltd., KT Corporation, and Vodafone Group, are also investing heavily in acquiring millimetre wave (mmWave) spectrum for delivering high speed connectivity.

The global Telecom IT services market is segmented as follows:

By Deployment Type

  • Cloud Based
  • On Premise

By Solution Type

  • CRM
  • OSS BSS Solutions
  • Mobile Commerce
  • Supply Chain Planning
  • Others

By End User

  • Large Enterprises
  • SMBs

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Deployment Type
        • 2.1.1.2. Market Attractiveness Analysis, By Sulution Type
        • 2.1.1.3. Market Attractiveness Analysis, By End User
        • 2.1.1.4. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Telecom IT Services Market, 2016 – 2028 (USD Million)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Telecom IT Services Market – Deployment Type Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Deployment Type, 2020 & 2028
  • Chapter No. 5 Telecom IT Services Market – Sulution Type Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By Sulution Type, 2020 & 2028
  • Chapter No. 6 Telecom IT Services Market – End User Segment Analysis
    • 6.1. Overview
      • 6.1.1. Market Revenue Share, By End User, 2020 & 2028
  • Chapter No. 7 Telecom IT Services Market – Regional Analysis
    • 7.1. Overview
      • 7.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 7.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Million)
    • 7.2. North America
      • 7.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.2.2. North America Market Revenue, By Deployment Type, 2016 – 2028
      • 7.2.3. North America Market Revenue, By Sulution Type, 2016 – 2028
      • 7.2.4. North America Market Revenue, By End User, 2016 – 2028
      • 7.2.5. U.S.
        • 7.2.5.1. U.S. Market Revenue, By Deployment Type, 2016 – 2028
        • 7.2.5.2. U.S. Market Revenue, By Sulution Type, 2016 – 2028
        • 7.2.5.3. U.S. Market Revenue, By End User, 2016 – 2028
      • 7.2.6. Canada
        • 7.2.6.1. Canada Market Revenue, By Deployment Type, 2016 – 2028
        • 7.2.6.2. Canada Market Revenue, By Sulution Type, 2016 – 2028
        • 7.2.6.3. Canada Market Revenue, By End User, 2016 – 2028
      • 7.2.7. Mexico
        • 7.2.7.1. Mexico Market Revenue, By Deployment Type, 2016 – 2028
        • 7.2.7.2. Mexico Market Revenue, By Sulution Type, 2016 – 2028
        • 7.2.7.3. Mexico Market Revenue, By End User, 2016 – 2028
    • 7.3. Europe
      • 7.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.3.2. Europe Market Revenue, By Deployment Type, 2016 – 2028
      • 7.3.3. Europe Market Revenue, By Sulution Type, 2016 – 2028
      • 7.3.4. Europe Market Revenue, By End User, 2016 – 2028
      • 7.3.5. Germany
        • 7.3.5.1. Germany Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.5.2. Germany Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.5.3. Germany Market Revenue, By End User, 2016 – 2028
      • 7.3.6. France
        • 7.3.6.1. France Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.6.2. France Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.6.3. France Market Revenue, By End User, 2016 – 2028
      • 7.3.7. U.K.
        • 7.3.7.1. U.K. Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.7.2. U.K. Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.7.3. U.K. Market Revenue, By End User, 2016 – 2028
      • 7.3.8. Italy
        • 7.3.8.1. Italy Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.8.2. Italy Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.8.3. Italy Market Revenue, By End User, 2016 – 2028
      • 7.3.9. Spain
        • 7.3.9.1. Spain Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.9.2. Spain Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.9.3. Spain Market Revenue, By End User, 2016 – 2028
      • 7.3.10. Rest of Europe
        • 7.3.10.1. Rest of Europe Market Revenue, By Deployment Type, 2016 – 2028
        • 7.3.10.2. Rest of Europe Market Revenue, By Sulution Type, 2016 – 2028
        • 7.3.10.3. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 7.4. Asia Pacific
      • 7.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.4.2. Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
      • 7.4.3. Asia Pacific Market Revenue, By Sulution Type, 2016 – 2028
      • 7.4.4. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 7.4.5. China
        • 7.4.5.1. China Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.5.2. China Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.5.3. China Market Revenue, By End User, 2016 – 2028
      • 7.4.6. Japan
        • 7.4.6.1. Japan Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.6.2. Japan Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.6.3. Japan Market Revenue, By End User, 2016 – 2028
      • 7.4.7. India
        • 7.4.7.1. India Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.7.2. India Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.7.3. India Market Revenue, By End User, 2016 – 2028
      • 7.4.8. South Korea
        • 7.4.8.1. South Korea Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.8.2. South Korea Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.8.3. South Korea Market Revenue, By End User, 2016 – 2028
      • 7.4.9. South-East Asia
        • 7.4.9.1. South-East Asia Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.9.2. South-East Asia Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.9.3. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 7.4.10. Rest of Asia Pacific
        • 7.4.10.1. Rest of Asia Pacific Market Revenue, By Deployment Type, 2016 – 2028
        • 7.4.10.2. Rest of Asia Pacific Market Revenue, By Sulution Type, 2016 – 2028
        • 7.4.10.3. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 7.5. Latin America
      • 7.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.5.2. Latin America Market Revenue, By Deployment Type, 2016 – 2028
      • 7.5.3. Latin America Market Revenue, By Sulution Type, 2016 – 2028
      • 7.5.4. Latin America Market Revenue, By End User, 2016 – 2028
      • 7.5.5. Brazil
        • 7.5.5.1. Brazil Market Revenue, By Deployment Type, 2016 – 2028
        • 7.5.5.2. Brazil Market Revenue, By Sulution Type, 2016 – 2028
        • 7.5.5.3. Brazil Market Revenue, By End User, 2016 – 2028
      • 7.5.6. Argentina
        • 7.5.6.1. Argentina Market Revenue, By Deployment Type, 2016 – 2028
        • 7.5.6.2. Argentina Market Revenue, By Sulution Type, 2016 – 2028
        • 7.5.6.3. Argentina Market Revenue, By End User, 2016 – 2028
      • 7.5.7. Rest of Latin America
        • 7.5.7.1. Rest of Latin America Market Revenue, By Deployment Type, 2016 – 2028
        • 7.5.7.2. Rest of Latin America Market Revenue, By Sulution Type, 2016 – 2028
        • 7.5.7.3. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 7.6. The Middle-East and Africa
      • 7.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Million)
      • 7.6.2. The Middle-East and Africa Market Revenue, By Deployment Type, 2016 – 2028
      • 7.6.3. The Middle-East and Africa Market Revenue, By Sulution Type, 2016 – 2028
      • 7.6.4. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.5. GCC Countries
        • 7.6.5.1. GCC Countries Market Revenue, By Deployment Type, 2016 – 2028
        • 7.6.5.2. GCC Countries Market Revenue, By Sulution Type, 2016 – 2028
        • 7.6.5.3. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 7.6.6. South Africa
        • 7.6.6.1. South Africa Market Revenue, By Deployment Type, 2016 – 2028
        • 7.6.6.2. South Africa Market Revenue, By Sulution Type, 2016 – 2028
        • 7.6.6.3. South Africa Market Revenue, By End User, 2016 – 2028
      • 7.6.7. Rest of Middle-East Africa
        • 7.6.7.1. Rest of Middle-East Africa Market Revenue, By Deployment Type, 2016 – 2028
        • 7.6.7.2. Rest of Middle-East Africa Market Revenue, By Sulution Type, 2016 – 2028
        • 7.6.7.3. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 8 Telecom IT Services Market – Industry Analysis
    • 8.1. Introduction
    • 8.2. Market Drivers
    • 8.3. Market Restraints
    • 8.4. Market Opportunities
    • 8.5. Porter’s Five Forces Analysis
    • 8.6. PEST Analysis
    • 8.7. Regulatory Landscape
    • 8.8. Technology Landscape
    • 8.9. Regional Market Trends
      • 8.9.1. North America
      • 8.9.2. Europe
      • 8.9.3. Asia Pacific
      • 8.9.4. Latin America
      • 8.9.5. The Middle-East and Africa
  • Chapter No. 9 Competitive Landscape
    • 9.1. Company Market Share Analysis – 2019
      • 9.1.1. Global Telecom IT Services Market: Company Market Share, 2019
      • 9.1.2. Global Telecom IT Services Market, Company Market Revenue, 2016 – 2019 (USD Million)
      • 9.1.3. Global Telecom IT Services Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 9.1.4. Global Telecom IT Services Market: Radar Determinant Chart, 2019
    • 9.2. Strategic Developments
      • 9.2.1. Acquisitions & Mergers
      • 9.2.2. New Product Launch
      • 9.2.3. Regional Expansion
    • 9.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 10 Company Profiles
    • 10.1. Ericsson
    • 10.2. IBM
    • 10.3. Cognizant
    • 10.4. AT&T
    • 10.5. Capgemini
    • 10.6. Verizon
    • 10.7. Accenture
    • 10.8. Huawei
    • 10.9. Oracle
    • 10.10. Amdocs
  • Chapter No. 11 Marketing Strategy Analysis
    • 11.1. Marketing Channel
    • 11.2. Direct Marketing
    • 11.3. Indirect Marketing
    • 11.4. Marketing Channel Development Trends
    • 11.5. Economic/Pulitical Environmental Change
  • Chapter No. 12 Research Methodology
    • 12.1. Research Methodology
    • 12.2. Phase I - Secondary Research
    • 12.3. Phase II - Data Modeling
      • 12.3.1. Company Share Analysis Model
      • 12.3.2. Revenue Based Modeling
    • 12.4. Phase III - Primary Research
    • 12.5. Research Limitations
      • 12.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Component
FIG NO. 2. Market Attractiveness Analysis, By Application
FIG NO. 3. Market Attractiveness Analysis, By End Use Industry
FIG NO. 4. Market Attractiveness Analysis, By Region
FIG NO. 5. Global Telecom IT services Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 6. Impact of COVID-19 Pandemic in North American Countries
FIG NO. 7. Market Revenue Share, By Component, 2020 & 2028
FIG NO. 8. Global Telecom IT services Market for Software, Revenue (USD Million) 2016 – 2028 
FIG NO. 9. Comparative Revenue Analysis of Telecom IT services Market for Software, By Country, 2020 & 2028 
FIG NO. 10. Global Telecom IT services Market for Service, Revenue (USD Million) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Telecom IT services Market for Service, By Country, 2020 & 2028 
FIG NO. 12. Global Telecom IT services Market Revenue Share, By Application, 2020 & 2028 
FIG NO. 13. Global Telecom IT services Market for Marketing, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Telecom IT services Market for Marketing, By Country, 2020 & 2028 
FIG NO. 15. Global Telecom IT services Market for Operations, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Telecom IT services Market for Operations, By Country, 2020 & 2028
FIG NO. 17. Global Telecom IT services Market for Finance, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Comparative Revenue Analysis of Telecom IT services Market for Finance, By Country, 2020 & 2028
FIG NO. 19. Global Telecom IT services Market for Human Resource, Revenue (USD Million) 2016 – 2028 
FIG NO. 20. Comparative Revenue Analysis of Telecom IT services Market for Human Resource, By Country, 2020 & 2028
FIG NO. 21. Global Telecom IT services Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Comparative Revenue Analysis of Telecom IT services Market for Others, By Country, 2020 & 2028 
FIG NO. 23. Global Telecom IT services Market Revenue Share, By End Use Industry, 2020 & 2028 
FIG NO. 24. Global Telecom IT services Market for Manufacturing, Revenue (USD Million) 2016 – 2028 
FIG NO. 25. Comparative Revenue Analysis of Telecom IT services Market for Manufacturing, By Country, 2020 & 2028
FIG NO. 26. Global Telecom IT services Market for Hospitality, Revenue (USD Million) 2016 – 2028 
FIG NO. 27. Comparative Revenue Analysis of Telecom IT services Market for Hospitality, By Country, 2020 & 2028
FIG NO. 28. Global Telecom IT services Market for BFSI, Revenue (USD Million) 2016 – 2028 
FIG NO. 29. Comparative Revenue Analysis of Telecom IT services Market for BFSI, By Country, 2020 & 2028 
FIG NO. 30. Global Telecom IT services Market for Retail, Revenue (USD Million) 2016 – 2028
FIG NO. 31. Comparative Revenue Analysis of Telecom IT services Market for Retail, By Country, 2020 & 2028 
FIG NO. 32. Global Telecom IT services Market for IT & Telecom, Revenue (USD Million) 2016 – 2028 
FIG NO. 33. Comparative Revenue Analysis of Telecom IT services Market for IT & Telecom, By Country, 2020 & 2028 
FIG NO. 34. Global Telecom IT services Market for Others, Revenue (USD Million) 2016 – 2028 
FIG NO. 35. Comparative Revenue Analysis of Telecom IT services Market for Others, By Country, 2020 & 2028 
FIG NO. 36. Global Telecom IT services Market Revenue Share, By Region, 2020 & 2028
FIG NO. 37. North America Telecom IT services Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 38. Porter’s Five Forces Analysis for Global Telecom IT services Market
FIG NO. 39. PEST Analysis for Global Telecom IT services Market
FIG NO. 40. Pricing Analysis for Global Telecom IT services Market
FIG NO. 41. Value Chain Analysis for Global Telecom IT services Market
FIG NO. 42. Company Share Analysis, 2019
FIG NO. 43. Radar Determinant Chart, 2019
FIG NO. 44. Company Strategic Developments – Heat Map Analysis
FIG NO. 45. Oracle Corporation Business Segment Revenue Share, 2020 (%)
FIG NO. 46. Oracle Corporation Geographical Segment Revenue Share, 2020 (%)
FIG NO. 47. Market Channels
FIG NO. 48. Marketing Channel Development Trend
FIG NO. 49. Growth in World Gross Product, 2008-2018
FIG NO. 50. Research Methodology – Detailed View
FIG NO. 51. Research Methodology
 


List of Tables

TABLE NO. 1. Global Telecom IT services Market: Snapshot
TABLE NO. 2. Quarterly Telecom IT services Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Telecom IT services Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 6. Global Telecom IT services Market for Software, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7. Global Telecom IT services Market for Service, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8. Global Telecom IT services Market for Marketing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9. Global Telecom IT services Market for Operations, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10. Global Telecom IT services Market for Finance, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11. Global Telecom IT services Market for Human Resource, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12. Global Telecom IT services Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13. Global Telecom IT services Market for Manufacturing, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14. Global Telecom IT services Market for Hospitality, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15. Global Telecom IT services Market for BFSI, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16. Global Telecom IT services Market for Retail, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17. Global Telecom IT services Market for IT & Telecom, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18. Global Telecom IT services Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19. Global Telecom IT services Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 20. North America Telecom IT services Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 21. North America Telecom IT services Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 22. North America Telecom IT services Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 23. North America Telecom IT services Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 24. U.S. Telecom IT services Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 25. U.S. Telecom IT services Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 26. U.S. Telecom IT services Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 27. Canada Telecom IT services Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 28. Canada Telecom IT services Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 29. Canada Telecom IT services Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 30. Mexico Telecom IT services Market Revenue, By Component, 2016 – 2028 (USD Million)
TABLE NO. 31. Mexico Telecom IT services Market Revenue, By Application, 2016 – 2028 (USD Million)
TABLE NO. 32. Mexico Telecom IT services Market Revenue, By End Use Industry, 2016 – 2028 (USD Million)
TABLE NO. 33. Drivers for the Telecom IT services Market: Impact Analysis
TABLE NO. 34. Restraints for the Telecom IT services Market: Impact Analysis
TABLE NO. 35. Major Buyers of Telecom IT services
TABLE NO. 36. Distributors/Traders List of Telecom IT services
TABLE NO. 37. Global Telecom IT services Market, Company Market Revenue, 2016 – 2019 (USD Million)
TABLE NO. 38. Global Telecom IT services Market, Company Y-o-Y Growth, 2017 – 2019 (USD Million)
 

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FrequentlyAsked Questions

The global telecom IT services market was valued at USD 168.5 Billion in 2020.

The global telecom IT services market is expected to reach USD 892.4 Million by 2028, growing at a CAGR of 23.2% between 2021 to 2028.

Some of the key factors driving the global telecom IT services market growth are increasing number of internet subscribers, rising demand for cloud based solutions, remote working and education and incorporation of AI among others.

Asia Pacific region held a substantial share of the global telecom IT services market in 2020. This is attributable to rapid technological developments in major players such as China, Japan, India and South Korea.

Some of the major companies operating in the global telecom IT services market are Ericsson, IBM Corporation, AT&T, Cognizant, Capgemini, Verizon Communications, and Huawei, among others.
 

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