Market research firm MarketsandMarkets has released a new report "Service Delivery Platforms (SDP) Market: Global Worldwide Trends, Adoption and Market Forecasts (2013 - 2018)" that shows that the SDP market is expected to reach $6.94 billion by 2018 at a compound annual growth rate (CAGR) of 9.15 percent from 2013 to 2018.
As per this report, the telecom industry has always been looking for an open framework that would enable them to build and modify services rapidly and in a flexible way. So SDP came into existence by the early years of the previous decade. Today, with eight years in existence, SDP has matured to a platform with many ready-to-deploy frameworks. Hence, according to the report, it has reached a level that telecom operators can implement SDP in their network whenever they want.
Tthe report indicates that SDP assists telecom operators and service providers, in cutting down the capital expenditure (CAPEX) and operating expenditure (OPEX (News - Alert)) required for developing, controlling, maintaining and selling new service offerings. In addition, the SDP platform also enables the rapid development of service offerings, thereby, greatly reducing the time to market for those service offerings. In the current market scenario, the MarketsandMarkets report suggests that the network evolution towards a complete service delivery platform is inevitable.
According to this report, companies such as Huawei (News - Alert), Ericsson, Alactel - Lucent, NSN, Oracle and Hewlett-Packard are the key players in this market.
Besides providing in-depth analysis of various telecom service sectors, including mobile, PSTN, broadband data services, and residential broadband, it also describes the emerging trends in the SDP market across various geographic regions; which includes North America, Europe, Asia Pacific including Japan, Latin America and Middle-East Africa (MEA). The report analyzes various factors that will drive and restrain the market over the next five years.
Edited by Ashley Caputo