The Global Multiservice Provisioning Platform Market is Expected to Witness Stable Growth
Key Takeaways
Key players operating in the Multiservice Provisioning Platform market are Alcatel SA, Ciena Corporation, Cisco Systems Inc., ECI Telecom Ltd., Ericsson, Fujitsu Network Communications Inc., Lucent Technologies Inc., Marconi Corporation plc. These players are focusing on developing advanced platforms integrated with AI/ML tools for predictive service assurance and optimization.
Major growth opportunities include upgradation of legacy systems, migration to digital business support systems as well as expanding portfolio through strategic mergers and acquisitions. Service providers are also actively exploring platform-based monetization models such as revenues from over-the-top services, applications and content subscriptions.
Globally, communication service providers are collaborating with platform vendors and cloud partners to launch next-generation modular platforms as a service. Multiservice Provisioning Platform Market Demand allows small and mid-sized carriers to access sophisticated multiservice capabilities based on consumption with reduced upfront investment. Market leaders are well-positioned to tap into the strong demand from emerging markets undergoing rapid digital transformation.
Market Drivers
- Increasing demand for managed services, IoT connectivity and cloud-based business applications is driving the need for integrated multiservice provisioning platforms that enable efficient delivery of diverse products and services.
Market Restrains
- High initial investment requirements pose challenges for small operators to adopt centralized digital provisioning solutions. Legacy infrastructure challenges and security issues also restrain faster substitution with advanced platforms.
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