Global Telecom service assurance Market

Telecom Service Assurance Market Size, Share, Growth Analysis, By Organization type(Small and Medium Enterprises, and Large Enterprises), By Operator type(Mobile Operator, and Fixed Operator), By Deployment type(On-premises, and Cloud), By Component(Solution, and Services) - Industry Forecast 2024-2031

Report ID: SQMIG45J2078 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 113 | Figures: 77

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Telecom Service Assurance Market size was valued at USD 6.5 billion in 2021 and is poised to grow from USD 7.140643531 billion in 2022 to USD 15.17134586 billion by 2030, growing at a CAGR of 10% in the forecast period (2023-2030).

telecom service assurance market is highly competitive due to presence of numerous service providers. Major service providers include- Ericsson, Accenture, VMware, and Cisco. In order to eliminate the tough competition service providers are teaming up to provide modernized applications and using cloud as a foundation for new business models. Ericsson and US cellular have worked together to establish a collaboration to assist speed ongoing improvements to U.S. Cellular 5G network. Nokia formed a partnership with EY which aimed to assist organizations and communication service providers to propel digital and enterprise transformation journeys. 'Nokia Corporation', 'Huawei Technologies Co., Ltd.', 'Ericsson AB', 'Broadcom Inc.', 'Cisco Systems, Inc.', 'Accenture plc', 'Hewlett Packard Enterprise Company', 'NEC Corporation', 'IBM Corporation', 'Spirent Communications plc', 'NETSCOUT Systems, Inc.', 'Infosys Limited', 'Viavi Solutions Inc.', 'EXFO Inc.', 'Keysight Technologies, Inc.', 'Amdocs Limited', 'Comarch SA', 'VIAVI Solutions Inc.', 'RADCOM Ltd.', 'Empirix Inc.'

Growing need to automate network operation due to high customer churn and low ARPU (Average revenue per user) from voice and data services. The increase in mobile communication in various businesses due to which the call can be interrupted because of the current capacity of mobile networks. With the surge in the number of subscribers, service providers are forced to address crucial issues such as demand for specialty products, greater consumer churn, and a faster response rate.

The shift toward smarter digital services with the adoption of real time AI assistance IoT by vendors will help to drive the digitization of various vendor in coming year. The market is expected to grow in the coming years due to rise in small and medium scale enterprises and the increasing awareness about high speed communication solutions. There is also rising network infrastructure in which telecom service assurance is one of the most commonly used network monitoring solutions among operators to manage & control errors.

The Asia-Pacific region is expected to grow at a highest CAGR due to digitalization and increasing smartphone adoption in developing countries of the region. In China, cloud model is expected to grow at a prodigious double digit rate due to transformation of communication services. The advent of 5G technology which is under testing phase is expected to increase the growth of telecom assurance market. The 5G technology creates a shift towards a digital lifestyle in the population.

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