Network management includes services such as managed frame relay, managed wide area network, managed converged voice/data networks, network traffic management, etc.
With emergence of technologies such as VoIP, 3G, 4G, IPTV, Video Conferencing, etc., the complexity of telecommunication networks has increased. Network management tools enable the telecom companies to make real time decisions at all levels, and manage the overall network.
Telecom companies operate in a highly competitive environment. As a result, a lot of pressure exists on them to increase their profit margins by introducing new product and deploying new services. Further, these telecom companies are facing issues of infrastructure up-gradation and management, as large amount of data exists in data sources, which are incompatible. This data that remains underutilized can lead to loss of business opportunity. Further, utilization of this data will help generate businesses resolve technical issues related to customer care, billing, network engineering, product design, and marketing.
The telecom industry is a highly regulated sector as most of the countries have regulations for the telecom players. The customer and financial data needs to be reported to the local regulatory bodies. The global telecom companies need to keep track of their business for geography and oblige with region specific reporting regulations. Network management service providers keep track of software requirements on the networks which also include compliance applications.
The report by TechNavio Insights forecasts the size of the global network management services market in telecom industry over the period 2008-2012. It segments the network management services market into various geographic regions (representing the market size for each of these regions). Further, it discusses the key market trends, drivers and challenges of the network management services in the telecom industry, and profiles some of the key vendors of this industry.
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