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.

1. Accelerate Innovations in the Telecom Industry
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. For
instance, 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 strictly
through 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 content
delivery, 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 growing
popularity 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 segment
called communications software.
The advancement in telecom technologies have resulted in great business opportunities. This coupled with the
increase in the expectations of the consumers are swiftly transforming the telecommunications ecosystem. Today
the need and desire for new service offerings are driving the telecom industry. Hence, communications software
vendors, 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 development
company to accelerate their R&D initiatives and smoothly integrate third-party solutions into their networks and
service systems. Their experience in working with communications software vendors and Tier-1 and Tier-2 mobile
operators, wireline carriers, and cable companies helps them in offering excellent product R&D services. Here is a
look at the expertise of a best of the breed product development company.
OSS
· Network/services inventory
· Service provisioning
· Service assurance

2. BSS
· CRM
· Billing
· Revenue assurance
SDP/VAS
· SMS/MMS, VM, LBS, PTT
· Sync, roaming, presence
· M2M enablement platforms
· Unified communications
Thus, from design and development, to independent verification testing and deployment, to integration and
technical support, best of the breed product development companies can connect all phases of the product
development lifecycle.
Related Links: Mobile Application Development, product engineering