For home networks , the customer terminal equipment comprises the home gateway and home devices which are capable of providing the services being provided today by telephone and home webs separately , for instance short number dialing for each family member , and family news . Rising demand for new advanced technology for supporting services such as M2M and cloud is expected to propel the growth of the market over the forecast period . Growing number of mobile subscribers are putting further pressure on these systems ; thus the network needs to be more scalable , agile , and diversified . 5G will empower new business opportunities by adopting diverse ecosystems in all dimensions . Telecom service industry depends mostly on NGN equipment ’ s for providing enhanced value proposition . Telecom services providers have been investing in these equipment ’ s to differentiate their service offering in heavily competitive market and drive lucrative revenue growth .
Validation of telecom service subscribers through advanced identifiers and hot provisioning will be major drivers for these equipment ’ s owing to increasing importance of data security and privacy . Customer demand , cost reduction , and competition are the key factors driving telecom sector to evaluate their business support systemoperation support system gap and increase their spending to close it . Increasing requirement of service quality improvement , service offering expansion , and faster market time for telecom service market might shape the necessity for these systems over the forecast period .
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Growing adoption of convergent billing systems , rising demand for customer care services , and fast growing telecom industry are among the key factors expected to drive global next generation network equipment market . Most crucial challenge confronting telecom operators is optimization of these processes , platforms , and systems . Difficulties in integration of legacy systems with these advanced systems and the regulatory issues may hamper market growth over the forecast period . Operations support systems offer assurance , service fulfillment , and network monitoring & design .
Business support systems can be further sub-segmented into order management , revenue management , product management , and customer management . Service assurance and service fulfillment solutions are anticipated to NGN equipment market . Geographically , the global new generation network equipment market is segmented into North America , Asia Pacific , Latin America , Middle East and Africa , and Europe . Asia Pacific is expected to be key growth region over the forecast period owing to existence of large customer base and evolving telecom industry . Middle East & Africa and Latin America are also anticipated to witness substantial growth over the forecast period .
The key market players dominating the global market for next generation network equipment include Alcatel Lucent S . A ., Huawei , Hewlett-Packard Company , Formula Telecom Solutions , AT & T Inc ., Amdocs , Cisco System ,