(PRWEB) March 18, 2013
According to a new market research report "Service Delivery Platforms (SDP) Market: Global Worldwide Trends, Adoption and Market Forecasts (2013 - 2018)", published by MarketsandMarkets, the SDP Market is expected to reach $6.94 billion by 2018 at a CAGR of 9.15% from 2013 to 2018.
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The telecom industry has always been looking for an open framework that will enable them to build and modify services rapidly and in a flexible way. SDP came into existence by the early years of the previous decade. During those years, SDP was in the stage of conceptualization. So telecom operators had very little understanding about the capabilities and potential benefits of SDP. Now, it has been close to eight years, and SDP has matured to a platform with many ready–to-deploy frameworks, as per the requirement.
Today, it has reached a level that telecom operators can implement SDP in their network whenever they want. Service Delivery Platforms assist telecom operators and service providers, in cutting down the Capital expenditure (CAPEX) and Operating expenditure (OPEX) required for developing, controlling, maintaining and selling new service offerings. Service Delivery Platform also enables the rapid development of service offerings, thereby, greatly reducing the time to market for those service offerings. In the current market scenario, the network evolution towards a complete service delivery platform is inevitable.
The SDP market is expected to grow from $4.48 billion in 2013 to $6.94 billion by 2018, at an estimated CAGR of 9.15% from 2013 to 2018. Companies such as Huawei, Ericsson, Alactel – Lucent, NSN, Oracle and HP are the key players in this market. The report provides in-depth analysis of various telecom service sectors Mobile, PSTN, Broadband Data Services, Residential Broadband. It also describes the emerging trends in the SDP market across regions.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. M&M covers thirteen industry verticals, including advanced materials, automotive and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT.
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