Service Fulfillment Market Expected to reach $5.56 Billion & to grow at a CAGR of 9.8% by 2019 – New Report by MarketsandMarkets
(PRWEB) November 19, 2014 -- The report “Service Fulfillment Market by Software (Service Order Management, Inventory Management, Network Management, Activation and Provisioning), by Service, by Deployment Type (Hosted, and On-Premises), & by Region - Global Forecast & Analysis to 2019”, defines the global market based on various software , deployment types, service types with an in-depth analysis and forecasting of market sizes.
Browse 50 market data tables and 54 figures spread through 135 pages and in-depth TOC on “Service Fulfillment Market by Software (Service Order Management, Inventory Management, Network Management, Activation and Provisioning), by Service, by Deployment Type (Hosted, and On-Premises), & by Region - Global Forecast & Analysis to 2019”
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MarketsandMarkets broadly segments the service fulfillment market by software: service order management, inventory management, network management, and activation and provisioning; by service types: planning and consulting, operation and maintenance, system integration, and managed services; by deployment types: on-premises and hosted; by regions: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA).
The global service fulfillment market to grow from $3.48 billion in 2014 to $5.56 billion by 2019, at a CAGR of 9.8%. In terms of region, North America is expected to be the biggest market in terms of market size, while Europe and Asia-Pacific (APAC) are expected to experience increased market traction, during the forecast period.
Service fulfillment provides automation to various functions of the network. These functions include order management, inventory management, network management and further activation of services that are required by the customers. Apart from automating these functions, service fulfillment analyses the vast amount of subscriber data on nearly real-time basis by comprehensively gaining data insights into customer preferences. It reduces the high fall-out rate of service required by the customers.
Hence, the escalating demand by the communication service providers and enterprises for timely analytics, in order to boost business decisions have facilitated the analytical service providers to render highly effectual offerings for the service fulfillment market. The major vendors of the global service fulfillment market are Alcatel-Lucent, Accenture, Cisco, Ericsson, Amdocs, Oracle and IBM Corporation. The major forces driving this market are the ongoing increasing operational cost and high scale investment in operations support system
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