Increased demand for global connectivity, rising adoption of cloud-based services, proliferation of mobile devices and data traffic, and stringent regulations regarding data privacy and security boost the partner and interconnect management demand are driving the global partner & interconnect management market. However, the high requirement for investments in technology, infrastructure, and skilled manpower and dependence on legacy systems are restraining the growth of the global partner & interconnect management market.
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Data Bridge Market Research analyses that the Global Partner and Interconnect Management Market is expected to reach USD 3,334,379.62 thousand by 2031 from USD 1,233,268.74 thousand in 2023 growing with the substantial CAGR of 13.6% in the forecast period of 2024 to 2031. The global partner & interconnect management market report also comprehensively covers pricing analysis, patent analysis, and technological advancements.
Key Findings of the Study
Increasing Demand for Global Connectivity
The intensified demand for global connectivity serves as a significant driving force behind the growth of the global partnership &interconnect management market in the telecommunications industry. There is a surging need for seamless communication and collaboration across borders, networks, and service providers as the world becomes increasingly interconnected. This escalating demand starts from various sectors, including businesses expanding internationally, individuals requiring continuous connectivity while traveling, and the propagation of IoT devices, all of which necessitate robust and efficient management solutions for partnerships and interconnections. Addressing this demand requires innovative approaches that facilitate smooth interoperability, streamlined agreements, and optimized connectivity, thereby propelling the growth of solutions tailored to meet these global connectivity needs within the telecommunications sphere.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022(Customizable into 2016-2021)
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Quantitative Units
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Revenue in USD Thousand
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Segments Covered
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Offering (Solution, Services), Agreement (Bi-Lateral Agreement, Uni-Lateral Agreement), Deployment (Cloud, On-Premises), Operating System (Linux, Windows, Others), Application (Partner Management, Revenue Assurance, Traffic Monitoring and Reporting, Least Cost Routing, Prepayment and Credit Control, Dispute Management & Settlement, Others), Telecom Operator Type (Mobile Operators, ISP, Cable Network Providers), Location (Domestic and International)
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Country Covered
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U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland and the rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam and the rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain and the rest of the Middle East and Africa, Brazil, Argentina and the rest of South America
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Market Players Covered
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Comviva (India), Optiva, Inc. (U.K), STL Tech (India), FTS – Formula Telecom Solutions Ltd (U.S.), Nexign (Russia), JSC (China), Tecnotree (Finland), Enghouse Networks (U.S.), CODE DESK (U.K), TOMIA (U.S.), TEOCO (U.S.), Cerillion Technologies Limited (U.K), Panamax, Inc. (U.S.), CSG Systems International, Inc. (U.S.), SUBEX (India), Syniverse Technologies LLC (U.S.), iCONX solutions Ltd, (U.S.), Comarch SA, (U.K) Howard, Day & Associates, Inc., (U.S.), and Netcracker (U.S.), among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global partner & interconnect management market is segmented into seven notable segments which are based the offering, agreement, deployment, operating system, application, telecom operator type, and location.
- On the basis of offering, the market is segmented into solution and services
In 2024, solution segment is expected to dominate the global partner & interconnect management market
In 2024, solution segment is expected to dominate the market with a 62.30% due to the increasing adoption due to their intrinsic ability to untie the complexities inherent in modern business collaborations.
- On the basis of agreement, the market is segmented into BI-lateral agreement and UNI-lateral agreement
In 2024, BI-lateral agreement segment is expected to dominate the global partner & interconnect management market
In 2024, BI-lateral agreement segment is expected to dominate the market with a 62.45% share, as their targeted focus and specificity in fostering strong, direct relationships between two entities.
- On the basis of deployment, the market is segmented into cloud and on-premises. In 2024, delivery mode segment is expected to dominate the market with a 61.38% share
- On the basis of operating system, the market is segmented into windows, Linux, and others. In 2024, linux segment is expected to dominate the market with a 51.28% share
- On the basis of application, the market is segmented into partner management, revenue assurance, traffic monitoring and reporting, least cost routing, prepayment and credit control, dispute management & settlement, and others. In 2024, delivery mode segment is expected to dominate the market with a 27.72% share
- On the basis of telecom operator type, the market is segmented into mobile operators, ISP, and cable network providers. In 2024, delivery mode segment is expected to dominate the market with a 64.89% share
- On the basis of location, the market is segmented into domestic and international. In 2024, domestic segment is expected to dominate the market with a 66.30% share
Major Players
Data Bridge Market Research analyzes CSG Systems International, Inc. (U.S.), Syniverse Technologies LLC (U.S.), TEOCO (U.S.), Netcracker (U.S.), and Nexign (Russia) are the major companies operating in the market.
Market Developments
- In February 2023, CSG Systems International, Inc. announced that they were awarded as 2018 Global Stratecast CSP Monetization Interconnect & Settlement Market Leadership Award by Frost & Sullivan. The Stratecast leadership award from Frost & Sullivan honors accomplishments in the monetization of communications service providers (CSPs) based on leadership in six global monetization segments: partner management, billing mediation, interconnect & settlement, rating and charging, other core billing functions, and policy management
- In October 2023, Syniverse Technologies LLC was recognized as the leader in mobile roaming by Kaleido Intelligence. The scope of Syniverse's roaming solutions and its commitment to offering mobile network operators top-tier goods and services amid the widespread deployment of 5G and next-generation network technologies are demonstrated by these accomplishments, which are highlighted in Kaleido's annual Roaming Vendor Hub report
- In February 2022, TEOCO concluded the acquisition of Software Synergy, Inc. (SSI). SSI specializes in automated, intelligent network-wide routing and optimization solutions for CSP network planning and management. With this acquisition, TEOCO incorporates SSI's highly configurable Universal Routing Solution (URS) into its product suite, bolstering TEOCO's business analytics offerings. This strategic move enhances TEOCO's presence in North America and enriches its routing portfolio with SSI's advanced Toll-Free routing optimization solution. This solution empowers CSPs to meticulously manage the Toll-Free routing lifecycle by leveraging intelligent algorithms and analytics, ensuring maximum savings and operational efficiency. The acquisition strengthens TEOCO's commitment to delivering innovative solutions and solidifies its position as a key player in the CSP industry
- In December 2022, Netcracker announced the implementation of BSS2Cloud, a cloud-based solution benefiting Vodafone Hungary's B2C and SME customers. The project aimed to enhance fixed-mobile convergence, resulting in improved time to market, a robust business growth trajectory, and an enhanced digital experience. Netcracker provided Vodafone Hungary with Digital BSS, including Cloud BSS, Revenue Management, and Product Lifecycle Management, along with Digital OSS, encompassing Service Management and orchestration, Hybrid Resource Management, and Infrastructure Management. This implementation empowers Netcracker to leverage a localized software-as-a-service (SaaS) cloud solution, ultimately delivering a more enriched digital customer experience
- In March 2022, Nexign announced the partnership with Vanrise to provide communications service providers with an end-to-end transformational digital ecosystem. Vanrise's solutions and experience in mediation to help a CSP turn their strategic vision into reality, workflow management, order orchestration, network inventory management, and service provisioning have been added to Nexign's robust BSS portfolio, which already includes online charging systems, billing, and customer management solutions
Regional Analysis
The countries covered in the global partner & interconnect management market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Russia, Spain, Netherlands, Switzerland, Belgium, Turkey, Poland, Denmark, Sweden, Norway, Finland and the rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Taiwan, Vietnam and the rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, Oman, Qatar, Bahrain and the rest of the Middle East and Africa, Brazil, Argentina and the rest of South America.
As per Data Bridge Market Research analysis:
Asia-Pacific is expected to dominate the global partner & interconnect management market manufacturers in the forecast period of 2024 to 2031
Asia-Pacific region is expected to dominate the market due to several key factors. Its dominance is attributed to the region's rapid technological advancements, burgeoning digital ecosystems, and the proliferation of interconnected networks. Furthermore, the substantial growth in partnerships, collaborations, and interconnectivity initiatives across diverse industries has fueled the region's leadership in partner and interconnect management.
Europe is expected to be the fastest-growing region for global partner & interconnect management market manufacturers in the forecast period of 2024 to 2031
Europe is the fastest-growing region in the market because European nations, especially countries such as Germany, the U.K., and France, are known for their technological innovation. These nations are hubs for research and development, fostering cutting-edge solutions in interconnect management.
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