Accelerate Innovations in the Telecom IndustryThe Global Industry Analysts, Inc. (GIA) in their new release ‘Telecom Servi...
BSS·     CRM·     Billing·     Revenue assuranceSDP/VAS·     SMS/MMS, VM, LBS, PTT·     Sync, roaming, presence·     M2M e...
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Accelerate Innovations in the Telecom Industry

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The Global Industry Analysts, Inc. (GIA) in their new release ‘Telecom Services: A Global Outlook’ states that the global telecom services industry would reach a massive $1.8 trillion in three years.This is definitely not surprising considering the fact that the telecom industry underwent revolutionary changes over the past few decades.

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Accelerate Innovations in the Telecom Industry

  1. 1. Accelerate Innovations in the Telecom IndustryThe Global Industry Analysts, Inc. (GIA) in their new release ‘Telecom Services: A Global Outlook’ states that theglobal telecom services industry would reach a massive $1.8 trillion in three years. This is definitely not surprisingconsidering the fact that the telecom industry underwent revolutionary changes over the past few decades. Forinstance, the past decade witnessed the advent of VoIP, Wi-Fi networks, Smartphones, fixed mobile convergence,Mobile entertainment, and location-based services via GPS tracking and 2G, 3G, and 4G mobile networks. Thus,the telecom industry has come a long way from the time when telecom operators generated revenue strictlythrough voice communication services.Today the telecom industry is witnessing dramatic growth as it tries to meet the demands of the modern society.As a result, a profound part of a carrier’s revenue is generated by value-added services such as mobile contentdelivery, LBS for mobile devices, cloud-based PBX, M2M enablement services, and much more.The telecom industry now includes not only telephone and long-distance but also wireless communications,Internet services, satellite communications, cable TV systems, and fiber optics networks. Besides, the growingpopularity of Smartphones, tablet PCs, eReaders, netbooks and other portable devices is also driving it forward.This broadening of the telecom industry has launched the growth of what is now a distinctly large market segmentcalled communications software.The advancement in telecom technologies have resulted in great business opportunities. This coupled with theincrease in the expectations of the consumers are swiftly transforming the telecommunications ecosystem. Todaythe need and desire for new service offerings are driving the telecom industry. Hence, communications softwarevendors, the accelerating force behind innovation, are now facing increasing pressure to meet the demands.Hence, communications software vendors must collaborate with a best of the breed product developmentcompany to accelerate their R&D initiatives and smoothly integrate third-party solutions into their networks andservice systems. Their experience in working with communications software vendors and Tier-1 and Tier-2 mobileoperators, wireline carriers, and cable companies helps them in offering excellent product R&D services. Here is alook at the expertise of a best of the breed product development company.OSS· Network/services inventory· Service provisioning· Service assurance
  2. 2. BSS· CRM· Billing· Revenue assuranceSDP/VAS· SMS/MMS, VM, LBS, PTT· Sync, roaming, presence· M2M enablement platforms· Unified communicationsThus, from design and development, to independent verification testing and deployment, to integration andtechnical support, best of the breed product development companies can connect all phases of the productdevelopment lifecycle.Related Links: Mobile Application Development, product engineering

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