Telecom Service Assurance Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Telecom service assurance is a set of systems, software, and expertise to help in serving and managing customers.

Jul 29, 2024 - 19:08

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Telecom Service Assurance Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Overview and Scope
Telecom service assurance is a set of systems, software, and expertise to help in serving and managing customers.

Sizing and Forecast
The telecom service assurance market size has grown rapidly in recent years. It will grow from $8.25 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increasing complexity of telecom networks, rising customer expectations, competition and market dynamics, need for proactive issue resolution.

The telecom service assurance market size is expected to see rapid growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rapid growth in data traffic, focus on customer experience management, cybersecurity concerns. Major trends in the forecast period include security and compliance assurance, network slicing assurance, real-time analytics and reporting.

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The telecom service assurance market covered in this report is segmented –

1) By Component: Solution, Services
2) By Operator type: Mobile Operator, Fixed Operator
3) By System: Probe System, Network Management, Workforce Management, Fault Management, Quality Monitoring
4) By Deployment Type: On-Premises, Hosted, Cloud

North America was the largest region in the telecom service assurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom service assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The advent of 5G technology is expected to propel the growth of the telecom service assurance market. 5G technology is the most recent iteration of cellular technology, designed to boost the speed and responsiveness of wireless networks dramatically. This technology creates a shift towards a digital lifestyle in the population. For instance, in 2022, According to Speed Test, a US-based web testing and network diagnostics company, the United States had the highest number of 5G users (49.2%), followed by the Netherlands (45.1%), South Korea (43.8%), Kuwait (35.5%), and Qatar (34.8%). Therefore, the advent of 5G technology is driving the telecom service assurance market growth.

Key Industry Players
Major companies operating in the telecom service assurance market report are Huawei Technologies Co Ltd., Hewlett-Packard Company, Accenture plc, IBM Corporation, Cisco Systems Inc., Broadcom Inc., Tata Consultancy Services Limited, Ericsson Inc., Nokia Corporation, NEC Corporation, ZTE Corporation, CommScope Holding Co Inc., Keysight Technologies Inc., CENX Inc., VIAVI Solutions Inc., NetScout Systems Inc., Spirent Communications plc, Comarch S.A., Mycom Osi Solutions India Private Limited, The Employee Owned Company, EXFO Inc., Enghouse Systems Limited, Infovista S.A.S., SevOne Inc., Empirix Inc., Guavus Inc., Radcom Ltd., Accanto Systems Ltd., Zenoss Inc., Bwtech International Ltd., Aria Networks Ltd., Avvasi Inc., Intracom Telecom S.A., Netrounds AB

The telecom service assurance market report table of contents includes:

1. Executive Summary

2. Telecom Service Assurance Market Characteristics

3. Telecom Service Assurance Market Trends And Strategies

4. Telecom Service Assurance Market - Macro Economic Scenario

5. Global Telecom Service Assurance Market Size and Growth

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32. Global Telecom Service Assurance Market Competitive Benchmarking

33. Global Telecom Service Assurance Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Telecom Service Assurance Market

35. Telecom Service Assurance Market Future Outlook and Potential Analysis

36. Appendix