PUBLISHER: The Business Research Company | PRODUCT CODE: 1458712
PUBLISHER: The Business Research Company | PRODUCT CODE: 1458712
Partner and interconnect management involves the processes and systems responsible for establishing and overseeing connections between different networks, aimed at facilitating communication and governing agreements among telecom operators. Partner management focuses on fostering partnerships between operators and service providers, while interconnect management concentrates on creating connections between various networks.
The primary offerings within this domain encompass solutions and services, wherein solutions denote the software and systems enabling operators to manage their partnerships and interconnect agreements. These systems operate on different platforms such as Windows and Linux, and agreements range from bilateral to unilateral, deployable through both cloud-based and on-premises infrastructure. They find application across partner management, revenue assurance, traffic monitoring and reporting, least cost routing, prepayment and credit control, dispute management, settlement, and other related functionalities.
The partner and interconnect management market research report is one of a series of new reports from The Business Research Company that provides partner and interconnect management market statistics, including partner and interconnect management industry global market size, regional shares, competitors with a partner and interconnect management market share, detailed partner and interconnect management market segments, market trends and opportunities, and any further data you may need to thrive in the partner and interconnect management industry. This partner and interconnect management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The partner and interconnect management market size has grown rapidly in recent years. It will grow from $1.26 billion in 2023 to $1.44 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth observed in the historical period can be attributed to the heightened demand for global connectivity, alongside strategic endeavors undertaken by market participants. This surge in demand for global connectivity stems from factors such as the advancement of technology, globalization, and the consequent need for seamless cross-border communication and trade. In response to this demand, companies operating in telecommunications, technology, and related sectors have strategically invested in research and development, expanded their network infrastructure, forged partnerships, and engaged in mergers and acquisitions to capitalize on market opportunities and enhance their competitive positioning. These concerted efforts have not only fueled growth within the industry but have also contributed to broader economic development and global interconnectedness.
The partner and interconnect management market size is expected to see rapid growth in the next few years. It will grow to $2.47 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The increase projected for the forecast period stems from the escalating demand for effective roaming services, alongside the expanding uptake of cloud-based solutions and the surge in mobile device usage and data traffic. Notable trends anticipated during this period comprise advancements in technology, an upswing in research and development endeavors, increased adoption of cloud-based services, ongoing product innovations, and the formation of strategic partnerships.
The anticipated surge in the adoption of cloud-based services is set to drive the expansion of the partner and interconnect management market in the foreseeable future. Cloud-based services encompass computing resources such as storage, applications, and processing capabilities delivered to users via the internet from remote servers maintained by third-party providers. Partner and interconnect management play a pivotal role in optimizing costs related to these services by negotiating favorable terms, reducing redundant services, and enhancing resource utilization across multiple providers. For example, in December 2023, as per the European Commission, a government entity in Belgium, approximately 42.5% of EU enterprises acquired cloud computing services, reflecting a 4.2% rise in the share of enterprises procuring such services compared to 2021. Consequently, the escalating adoption of cloud-based services acts as a catalyst for the partner and interconnect management market's growth.
Major companies in the partner and interconnect management market are innovating by developing advanced technologies, such as partner management platforms, aimed at enhancing customer service through advanced features. A partner management platform is a software solution tailored to streamline interactions between a company and its partners, which may include distributors, resellers, suppliers, and other business collaborators. For example, in November 2023, ZINFI Technologies Inc., a US-based provider of partner relationship management SaaS applications, unveiled its cutting-edge hyper-personalized partner journey platform. This newly introduced platform signifies a significant advancement in partner relationship management, revolutionizing how enterprises engage with their partner ecosystems. It facilitates various aspects, ranging from initial onboarding and empowerment to collaborative marketing and sales efforts and beyond. Offering seamless integration of diverse partner management workflows, this innovative platform ensures a unified and tailored experience for each partner, marking a notable progression in the industry.
In April 2021, Amphenol TPC Wire & Cable, a wire and cable manufacturer based in the United States, completed the acquisition of Hydro Group for an undisclosed sum. This acquisition is geared towards enhancing TPC Wire & Cable's robust product offerings in sectors such as military, aerospace, and medical devices, as well as broadening its global footprint, particularly targeting European markets. Hydro Group, headquartered in the UK, specializes in partner and interconnect management services.
Major companies operating in the partner and interconnect management market report are Huawei Technologies, Cisco Systems, Oracle Corporation, SAP SE, Ericsson Corporation, Nokia Corporation, Juniper Networks, Amdocs, Ciena Corporation, CSG Systems International Inc., Ribbon Communications Inc., Sterlite Technologies Limited, Syniverse Technologies LLC, Enghouse Networks Ltd., TEOCO Corporation, Comviva Technologies Ltd., Matrixx Software Inc., Nexign, Panamax Inc., Optiva Inc., Redknee Solutions, Aria Systems, Cerillion Technologies Limited, TOMIA, Anam Technologies Ltd
Asia Pacific was the largest region in the partner and interconnect management market in 2023. The regions covered in the partner and interconnect management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the partner and interconnect management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The partner and interconnect management market includes revenues earned by entities by providing supplier relationship management, customer relationship management, and channel partner management. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Partner And Interconnect Management Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on partner and interconnect management market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for partner and interconnect management? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The partner and interconnect management market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.