Service Delivery Platform Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 6.43 Billion |
| Market Size (2029) | USD 8.07 Billion |
| CAGR (2024 - 2029) | 7.51 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Service Delivery Platform Market Analysis
The Service Delivery Platform Market size is estimated at USD 6.43 billion in 2024, and is expected to reach USD 8.07 billion by 2029, growing at a CAGR of 7.51% during the forecast period (2024-2029).
- To facilitate the exchange of optimized services among operators, service and content providers, and users, service delivery platforms (SDPs) - which are operator solutions - provide a unified middle ground. The rising trend of "health system strengthening" (HSS) has become influential in global health circles, boosting the service delivery platform market. SDPs are a framework that supports a wide range of applications, targets different networks, and offers users extensive services. To provide a platform for session control, service development, protocol execution, and technology and network boundary crossing, SDPs require the integration of IT capabilities.
- To establish more physical delivery platforms, companies are customizing services for different industries, upgrading the delivery dispatch system, and enhancing delivery infrastructure. In 2022, Intel maintained its position as the top network silicon vendor by introducing the Intel Network Platform, as well as new product enhancements for 5G and Edge.
- Companies are aiming to develop a service delivery platform that allows telecom operators to access convergent, multimedia, and "Web 2.0" services on their mobile devices
- Furthermore, In June 2023, CWT announced a strategic partnership to provide Spotnana's next-generation Travel-as-a-Service platform to the market. This collaboration is an important step in CWT's strategy to bring innovative solutions to customers looking to deploy pioneering technology, driven by the strength of CWT's people and holistic, global approach.
- Moreover, in November 2023, Indosat Ooredoo Hutchison (IOH) and TIMWETECH announced the successful deployment of TIMWETECH's Digital Service Delivery Platform. Integrating the DSDP platform is a significant step for Indosat's partner onboarding. This advanced platform facilitates integration processes, significantly reducing the time required to bring services to the market and fostering smooth collaboration with various partners. It is especially effective in engaging with OTT service providers, who dominate the telco industry's digital content and service sector.
Service Delivery Platform Market Trends
Increasing Use of Platform-as-a-service (PaaS) is Expected to Drive the Market Growth
- A centralized service delivery platform allows enterprises to combine internal and external services and implement a chargeback mechanism, enabling them to charge business units for the services they use.
- In September 2023, The prpl Summit 2023 would focus on how developments in carrier-grade, open-source middleware for customer premises equipment (CPE) would enhance the connected home experience by featuring speakers from across the industry, keynotes from operators and industry stakeholders, and innovative application demonstrations.
- The rise in cloud adoption by companies presents new opportunities for the Service Delivery Platform (SDP). In October 2022, BICS, a Belgian multinational telecom services firm, launched its Communications Platform as a Service (CPaaS) platform, which is aimed at businesses that want to seamlessly integrate communication services like voice, text, and WhatsApp messaging into their existing workflows by utilizing Application Programming Interfaces.
- Software-defined data centers are taking advantage of API-driven automation and control, which is a significant factor contributing to the increased usage and sales of hybrid colocation services among customers.
North America is Expected to Hold Significant Market Share
- With connected cars gaining popularity in the region, they present a very lucrative opportunity for the SDP offering companies to tap the market. For instance, HCL Technologies has invested in developing AGORA, a next-generation services platform that allows, provides, aggregates, and distributes cloud and Machine to Machine (M2M) services for technology and service provider firms. AGORA is a SaaS-based solution accelerator.
- The United States was instrumental in modernizing its infrastructure, and the country aims to achieve this by investing in data centers. For instance, the US Army is planning to spend up to USD 249 million to deploy private cloud computing services and modular data centers. As SDP has a great application in the data centers, such investments may, in turn, boost the service delivery platform market.
- The governments are looking for options to ensure smooth and efficient service delivery to the public in new digital ways, either through virtual assistants or third-party applications. This offers a potential opportunity for the SDP offering firms in the region. For instance, Canada is looking to explore its government service delivery with Alexa, Google Home, or any other platforms.
- In August 2023, Rocketlane, one of the industry leaders in customer-facing project management solutions, announced its strategic expansion into Professional Services automation (PSA). With this foray, Rocketlane empowers PS organizations to achieve unprecedented project profitability, efficiency, and client satisfaction.
Service Delivery Platform Industry Overview
The service delivery platform market is consolidated with several major players, such as Huawei Technologies Co. Ltd, HCL Technologies Ltd, Fujitsu Ltd, SGK International Inc., and Meituan Dianping Inc. These players have gained a competitive advantage by continuously innovating their products. Significant investments in research and development, strategic partnerships, and mergers and acquisitions have enabled these companies to increase their profitability and market share.
- October 2023 - Fujitsu develops EDI shared operating platform for the food distribution industry. As part of this initiative that focuses on improving cooperation and collaboration in non-competitive areas in the food distribution industry, Fujitsu constructed an Electronic Data Interchange (EDI) shared operating platform to support food distributors in standardizing operations. JII started operations of the new platform developed by Fujitsu for food distribution companies in Japan participating in the initiative.
- February 2022 - Deloitte announced the expansion of its digital service delivery platform to assist government agencies in gaining targeted advantages from cloud transformation and navigating multi-cloud difficulties. This comprehensive and scalable plan is designed to meet the specific demands of various government entities, including the ability to build portable, interoperable multi-cloud setups with customized service offers and capabilities.
- April 2022 - Quantum Corporation announced the launch of its new service delivery platform, MyQuantum. This secure web portal provides Quantum clients with single sign-on (SSO) access to key resources, enabling them to manage support issues, explore the Quantum knowledge base and documentation, download software, and monitor their Quantum assets using Cloud-Based Analytics (CBA) AIOps software from a single point of entry.
Service Delivery Platform Market Leaders
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Huawei Technologies Co. Ltd
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HCL Technologies Ltd
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Meituan Dianping Inc.
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Fujitsu Ltd
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SGK International Inc.
*Disclaimer: Major Players sorted in no particular order
Service Delivery Platform Market News
- September 2023 - Mastercard's announced strategic partnership with Delivery Hero, one of the global leading local delivery platforms, continues to fuel the ecommerce growth in the Middle East and North Africa (MENA) region.
- December 2022 - Tech Mahindra announced the launch of Cloud BlazeTech, a sector-agnostic platform designed to assist organizations in reducing costs by 25% to 30% and cutting migration time by at least 30%.
- September 2022 - Stryker introduced the Pulse Intelligent Delivery Platform, a full-circle product and fulfillment service customized for high-volume foot and ankle surgeries in ambulatory surgical centers.
Service Delivery Platform Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Introduction to Market Drivers and Restraints
4.3 Market Drivers
4.3.1 Rise in Demand for Data and Content-related Services
4.3.2 Rising Demand for High Performance Smartphones
4.3.3 Increasing Use of Platform-as-a-service (PaaS)
4.4 Market Restraints
4.4.1 High Initial Investments
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Software
5.1.2 Services
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Rest of the Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Rest of Asia-Pacific
5.2.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Huawei Technologies Co. Ltd
6.1.2 HCL Technologies Ltd
6.1.3 Fujitsu Ltd
6.1.4 SGK International Inc.
6.1.5 Meituan Dianping Inc.
6.1.6 QTS Realty Trust Inc.
6.1.7 Accenture PLC
6.1.8 Telenity Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
Service Delivery Platform Industry Segmentation
The service delivery platform helps in creating a structure that enables the operators to create, deliver, and manage services. The report offers a comprehensive evaluation of the market. The market has been segmented by type and geography.
The service delivery platform market is segmented by type (software, services) and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The report offers market forecasts and size in value (USD) for all the above segments.
| By Type | |
| Software | |
| Services |
| Geography | ||||||
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| Rest of the World |
Service Delivery Platform Market Research FAQs
How big is the Service Delivery Platform Market?
The Service Delivery Platform Market size is expected to reach USD 6.43 billion in 2024 and grow at a CAGR of 7.51% to reach USD 8.07 billion by 2029.
What is the current Service Delivery Platform Market size?
In 2024, the Service Delivery Platform Market size is expected to reach USD 6.43 billion.
Who are the key players in Service Delivery Platform Market?
Huawei Technologies Co. Ltd, HCL Technologies Ltd, Meituan Dianping Inc., Fujitsu Ltd and SGK International Inc. are the major companies operating in the Service Delivery Platform Market.
Which is the fastest growing region in Service Delivery Platform Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Service Delivery Platform Market?
In 2024, the North America accounts for the largest market share in Service Delivery Platform Market.
What years does this Service Delivery Platform Market cover, and what was the market size in 2023?
In 2023, the Service Delivery Platform Market size was estimated at USD 5.98 billion. The report covers the Service Delivery Platform Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Service Delivery Platform Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Service Delivery Platform Industry Report
Statistics for the 2024 Service Delivery Platform market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Service Delivery Platform analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
