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R&M predicts major growth in Saudi systems integration market by 2024

R&M predicts major growth in Saudi systems integration market by 2024

The Saudi Arabian telecom system integration market is projected to grow from $420 million in 2018 to $683 million by 2024, according to Research & Markets.

Anticipated growth in the market can be attributed to increasing adoption of cloud technologies and growth number of online transactions and mobile devices across the country. Moreover, fierce competition in telecom sector along with rising trend of convergent billing system is further likely to fuel growth in the Saudi Arabian telecom system integration market in the coming years.

Among applications, Operation Support System (OSS) segment dominates the Saudi Arabian telecom system integration market as OSS helps telecom service providers to improve their operational activities and to detect and resolve network faults in order to reduce service downtime.

However, Network Management System segment is expected to grow at the fastest pace during forecast period as it monitors the software and hardware components in a network and allows telecom service providers to monitor their business using a central computer.

Taking 2018 as a base year and analysing data from the years 2014-2017, R&M’s study aimed to define, segment, describe and forecast the Saudi Arabian telecom system integration market on the basis of Application, Deployment Type, Region and Company for the period of 2020-2024.

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