ST. LOUIS, Jan. 24, 2018 (GLOBE NEWSWIRE) -- Amdocs (NASDAQ:DOX), a leading provider of software and services to communications and media companies, today announced it was named leader by various prominent analyst firms in their latest reports and awards programs covering the industry’s IT landscape across vendor systems and services. Spanning areas critical to communications and media companies in their journey to become digital service providers, these reports cover front-end digital commerce and care capabilities, business and operational support systems (BSS and OSS), and software-based network capabilities.
The analyst reports and awards include:
- Heavy Reading ranks1 Amdocs as the global leader in the overall BSS/OSS market. According to Heavy Reading, in a market where the top five vendors have a collective market share of 61 percent, Amdocs has an estimated market share of 22 percent, which is equivalent to the combined market share of the second- and third-ranked vendors.
- Analysys Mason recognizes2 Amdocs as the global leader in the overall revenue management product-related market for the tenth consecutive year, with an estimated market share of 22 percent, nearly twice the size of the second-ranked vendor; in the same report Analysys Mason also recognizes Amdocs as the global market-share leader in revenue management product-related services with an estimated market-share of 29 percent, equivalent to the market share of the second-, third- and fourth-ranked vendors, combined; Amdocs is highlighted as the only product vendor in the top six that offers product-agnostic professional services, similar to those of typical system integrators.
- Analysys Mason also ranks3 Amdocs as the global leader in the order management product-related market with an estimated market share of 13 percent; this report highlights the importance of order management as part of an end-to-end approach for the delivery of digital services over virtualized networks and calls out Amdocs for taking this approach with customers deploying network functions virtualization (NFV); report goes on to recognize Amdocs’ heavy investment in adapting its service fulfilment portfolio for the NFV environment and says that in 2016 Amdocs carried out the most development in this area compared to other vendors; it also ranks Amdocs as the market-share leader in service fulfilment product-related services with an estimated market share of 14 percent.
- Frost & Sullivan’s Stratecast ranks4 Amdocs global market-share leader in the overall monetization market for the ninth consecutive year with an estimated market share of 19 percent. Stratecast also recognizes5 Amdocs as the global market-share leader in the billing and charging sub-segment, with an estimated market share of 21 percent.
- Frost & Sullivan’s Stratecast finds6 Amdocs to have “the most well-articulated microservices story so far within the CSP operational domain”, highlighting Amdocs’ investment in decomposing care and commerce domains in order to improve service providers’ agility and enable them to offer new digital experiences of the type and pace of digital-native companies.
- Amdocs also wins the “2017 Frost & Sullivan Asia-Pacific Telecom OSS/BSS Vendor of the Year award”, presented to Amdocs for its best-in-class performance in this region and for its product innovation leadership, enabling service providers’ digital transformations through highly reliable solutions and the introduction of a microservices approach that offers business flexibility and enables rapid upgrades and implementations.
- Amdocs also wins the 2017 MEF Proof of Concept Gold Award, alongside three major international multi-play carriers and partners, for a jointly-developed showcase of NFV-centric intra and intercarrier orchestration across multiple service provider networks. The showcase demonstrated network ability to scale connectivity and cloud services on demand, while providing automated intercarrier connectivity using LSO APIs.
“These analyst reports call out technology readiness and the delivery capabilities required to take the industry to next-generation IT architectures,” said Anthony Goonetilleke, group president of Amdocs Technology. “In this rapidly evolving landscape, service provider approaches to product development and delivery will need to change and become open, microservices-based and DevOps-ready to enable innovation at the pace of digital-native players.”
“However, this won’t happen overnight. Interim, hybrid-model expertise is required in order to handle this transition while dealing with the underlying complexity of existing legacy architecture. We are happy to be recognized by leading industry analysts for our considerable investment in this area, allowing us to undertake the full breadth of digital transformation initiatives, including large transformations that others find too challenging,” added Goonetilleke.
1 Heavy Reading report: OSS/BSS Vendor Landscape: Industry Outlook & Company Analysis, May 2017
2 Analysys Mason report: Revenue Management Systems: Worldwide Market Shares 2016, July 2017
3 Analysys Mason report: Service fulfillment systems: Worldwide market shares 2016, June 2017
4 Stratecast report: Global CSP Monetization 2017 Edition Part 1: End-to-End CSP Monetization Market Drivers, Forecast, Market Share, Delivery Model, and Requirements Analysis, July 2017
5 Stratecast report: Global CSP Monetization 2017 Edition Part 3: Rating and Charging and Other Core Billing Market Forecast and Market Share Analysis, Sept 2017
6 Stratecast report: Microservices: A Role Player in the Cloud-Native Architecture, Oct 2017
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About Amdocs
Amdocs is a leading software and services provider to the world’s most successful communications and media companies. As our customers reinvent themselves, we enable their digital and network transformation through innovative solutions, delivery expertise and intelligent operations. Amdocs and its 25,000 employees serve customers in over 85 countries. Listed on the NASDAQ Global Select Market, Amdocs had revenue of $3.9 billion in fiscal 2017. For more information, visit Amdocs at www.amdocs.com.
Amdocs’ Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs’ growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs’ ability to grow in the business markets that it serves, Amdocs’ ability to successfully integrate acquired businesses, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future; however, the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2017 filed on December 11, 2017.
Media Contacts:
Linda Horiuchi
Amdocs Public Relations
Tel: +1 (201) 631-6810
E-mail: linda.horiuchi@amdocs.com
Jenn Headley
Hotwire PR for Amdocs
Tel: +1 (212) 897-2156
E-mail: jennifer.headley@hotwireglobal.com or AmdocsUS@hotwirepr.com