According to the latest report by IMARC Group, titled “Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global telecom service assurance market size reached US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8.79% during 2022-2027.
Telecom service assurance is a tactic used by telecom companies to live up to client expectations. It is a vertical end process grouping that is responsible for the execution of proactive and reactive maintenance activities. It ensures high quality of service and optimal subscriber experience.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The increase in smartphone usage is the main factor driving the global market. A considerable decrease in the average selling prices (ASP) of smartphones and continual improvements in the network infrastructure is further supporting the uptake of telecom service assurance across the globe. Furthermore, the widespread integration of cloud-based solutions with telecom service assurance has significantly contributed to the market growth as it is widely required by the telecom operators to improve the overall flexibility in business operations. Apart from this, the increasing popularity of wireless technologies, along with the extensive research and development (R&D) activities conducted by key players, has also provided an impetus to market growth.
Breakup by Operator:
Fixed
Mobile
Breakup by Solution:
Software
Services
Breakup by Deployment:
On-premises
Cloud-based
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Accenture plc
Broadcom Inc
Cisco Systems Inc
Comarch S.A
Ericsson Inc
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd
International Business Machine Corporation
NETSCOUT Systems Inc
Nokia Oyj
TEOCO
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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