Managed Services is a fast growing USD 16 billion industry which is attracting telecom equipment vendors who are showing increasing interest to benefit from their existing competence and take on new roles in the value chain, covering activities such as network build, including planning and design, field operations, Network Operation Center (NOC) operations, application & service development, and billing. In recent years, operator awareness of Managed Services has increased significantly; Managed Services is now beginning to be a standard element of telecom operator procurement processes.