The global next generation network (NGN) equipment industry is anticipated to grow at a significant rate over the forecast period. Increasing preference to rising profit margin and customer satisfaction in telecom service providers are expected to drive industry growth over the forecast period. The concept of NGN has been initiated and designed for traditional telecom operators to become more than ISP and to operate with the customer needs to be driven model to survive the challenges. This factor is expected to have a positive impact on the market over the next seven years.
These services have become popular among service providers on account of growing need to deal with customer service and retention, and integration with new IP-based frameworks. NGN has been offering telecom service providers with tools that are expected to intensify customer experience and loyalty.
Depending on the type of customer, the NGN customer terminal equipment is employed as an end user terminal device, a gateway for a corporate network, a gateway for a home network or a gateway for a vehicle LAN. NGN customer terminal equipment will be ICT-enabled i.e. services are IT based and connectivity CT based, but with the capability to simulate or emulate the traditional telecom communication services.
For individuals, the customer terminal equipment comprises the end user device or home devices such as legacy terminals, SIP phones, softphones including programmed phone on a PC, IP phones with text capabilities, set top boxes, multimedia terminals, and PCs.
For an enterprise, the customer terminal equipment is a gateway which is capable of providing services by integrated PBX and company webs separately. For instance, short number dialing, hunting list, webinar, on-line exhibition.
For home networks, the customer terminal equipment comprises the home gateway and home devices which are capable of providing services by telephone and home webs separately, for instance, short number dialing for each family member, and family news.
Rising demand for new advanced technology for supporting services such as M2M and cloud is expected to propel market growth over the forecast period. Growing number of mobile subscribers have been putting further pressure on these systems; thus, the network needs to be more scalable, agile, and diversified. 5G will empower new business opportunities by adopting diverse ecosystems in all areas which are expected to have a positive impact on the market over the forecast period.
Telecom service industry depends mostly on NGN equipment for providing enhanced value proposition. Telecom services providers have been investing in these equipment’s to differentiate their service offering in the massively competitive market and drive revenue growth.
Validation of telecom service subscribers through advanced identifiers and hot provisioning will be primary drivers for these equipment’s owing to increasing importance of data security and privacy. Customer demand, cost reduction, and competition are key factors driving the telecom sector. These factors enable consumers to evaluate their business support system and operation support system gap and increase their spending to close it.
Increasing requirement for 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 over the next seven years.
The most crucial challenge confronting telecom operators is optimization of these processes, platforms, and systems. Difficulties in the integration of legacy systems with these advanced systems and increasing 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 fuel NGN equipment market over the next seven years.
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 the fastest-growing region for the product over the forecast period owing to the existence of large customer base and evolving telecom industry. Latine America, the Middle East & Africa are other regions anticipated to witness substantial growth over the next seven years.
Key market players dominating the global market include Alcatel-Lucent S.A., Huawei, Hewlett-Packard Company, Formula Telecom Solutions, AT&T Inc., Amdocs, Cisco System, Carillion, Elitecore Technologies, and Computer. While other prominent players include ZTE, WebNMS, Tech Mahindra Limited, IBM Corporation, Oracle Corporation, OpenCloud, Mycom, Tata Consultancy Services Limited, and LohNet Systems.
Mergers, acquisitions, and strategic alliances are critical strategies employees by top market players to broaden their product portfolio and increase global presence. Vendors have been emphasizing on providing niche services and have high support teams to sustain their market share.
In 2014, Huawei, Ericsson, and Nokia Siemens & Network formed a strategic alliance to offer OSS interoperability, which will help operators reduce costs. In 2013, Ericsson acquired Telcocell and Thailand-based TelOSS consulting, while Amdocs acquired Celicite to increase its product portfolio further into the network software market.
Avail customized purchase options to meet your research needs:
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
Speak to the report author to design an exclusive study to serve your research needs.
A testimonial for service excellence represented in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.