Global Multiservice Provisioning Platform Market size is expected to reach US$ XX Bn. by 2026 from US$ XX Bn. in 2019, at a CAGR of 4.65% during the forecast period.
Global Multiservice Provisioning Platform Market Introduction and Market scenario:
MSPPs are next-generation SONET devices that combine the functionality of multiple network elements in a single box, containing SONET multiplexers, DWDM terminals, distributed digital cross-connects, Layer 2 switches, and IP routers. Situated at the edge of the metropolitan service provider’s network, these devices are substitutes for the substantial installed base of legacy SONET/SDH multiplexer equipment that is ill-suited to handle the growing volume of data traffic in the carrier networks. Compared to their legacy partners, SONET MSPPs are reasonable, more flexible at adjusting to changing traffic patterns, and faster at provisioning services. The demand for MSPPs is increasing by every major incumbent local exchange carrier (ILEC) and competitive local exchange carrier (CLEC), most independent carriers, and cable firms, and large enterprise customers that consume these MSPPs over rented fiber. The incumbents had to allow competitors to lease their network infrastructure. CLECs could very fast and reasonably establish a non-asset-based network because the ILEC owned the entire network infrastructure, except for the customer access MSPP shelf of the CLEC. CLECs then begin to sell services off the MSPP, because they were not overloaded with legacy operating support systems (OSS). In contrast, selecting the right MSPP from the right supplier is the main challenge for the global market. There are no industry standards for designing MSPPs. Also, there are nearly as many variations on the technology, on accounts of vendors differ broadly in their understandings of what an MSPP for the metro market.
Global Multiservice Provisioning Platform Market Segment Analysis:
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The global multiservice provisioning platform market is segmented in technology, application, and vertical. Among these, the vertical segment is further segmented into BFSI, Government, Healthcare, IT & Telecom, Retail, Manufacturing, and Others (Oil & Gas, Mining and Transportation). The IT & telecom is expected to grow at the highest CAGR of XX% during the forecast period. This is mainly because of the increasing demand for various applications like network infrastructure.
Global Multiservice Provisioning Platform Market Regional Insights:
The Asia Pacific is expected to hold the largest market share of the global multiservice provisioning platform market by 2026. This is mainly because of the existence of telecom equipment manufacturers in Asia Pacific drives the multiservice provision platform market in the Asia Pacific. Also, developing countries, such as China and India, are investing more in the development of telecom infrastructure, which is expected to support the demand for multiservice provisioning platforms in the Asia Pacific. Moreover, the increase in internet traffic demand and new concepts in MAN and WAN are also contributing to the growth of the multiservice provisioning platform market during the forecast period.
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• In 2019, TelemaxX Telekommunikation GmbH, a leading data center provider in Germany, deployed products from Ciena’s packet networking portfolio to ensure smooth rollout of Ethernet Business Services (EBS).
Global Multiservice Provisioning Platform Market Major Key Players
• Alcatel SA • Ciena Corp. • Cisco Systems Inc. • ECI Telecom Ltd. • Ericsson • Fujitsu Network Communications Inc. • Lucent Technologies Inc. • Marconi Corp. plc • Nortel Networks Corp. • Riverstone Networks Inc. • Siemens • Sycamore Networks Inc. • Tellabs Inc. • OthersGet Up to 10 % Discount on single User @ https://www.trendsmarketresearch.com/report/discount/13543