Market
Analysis
The global
telecom service assurance market size will touch USD 9.32 billion at a 9.3%
CAGR between the forecast period 2019- 2025, according to the new Market
Research Future (MRFR) analysis. Telecom service assurance includes a
systematic process to enhance and improve the quality of all services offered
to the customers by the communication service providers (CSP).
Various
factors are propelling the global telecom service assurance market share.
According to the recent MRFR’s data driven research, such factors include a
rise in mobile/cellular subscribers, a growing need to automate network
operations for high customer churn, and an increase in the use of smartphones.
Additional factors adding market growth include the exponential growth in the
global IP traffic and cloud traffic, & growing complexities in the
communication network ecosystem by IoT and 5G technologies.
On the flip
side, concerns about data privacy, coupled with the impact of the on-going
COVID-19 pandemic may deter the global Telecom Service Assurance
Market size over the forecast period.
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Market
Segmentation
The MRFR
report highlights an inclusive segmental analysis of the global telecom service
assurance market based on vertical, operator type, and deployment.
By
component, the global telecom service assurance market is segmented into
services and product. Of these, the product segment will lead the market over
the forecast period and at a high CAGR.
By
deployment, the global telecom service assurance market is segmented into
on-premise and cloud. Of these, the cloud-based segment is predicted to
dominate the market over the forecast period at a favorable CAGR.
By operator
type, the global telecom service assurance market is segmented into fixed
operator and mobile operator. Of these, the mobile operator is predicted to
spearhead the market over the forecast period at an admirable CAGR.
Regional
Analysis
By region,
the telecom service assurance market covers the growth opportunity and recent
trends across Europe, North America, the Asia Pacific (APAC), South America,
and the Middle East & Africa (MEA). Of these, North America will dominate
the market over the forecast period. The growing deployment of these solutions
by leading telecom players, coupled with the presence of several telecom
service assurance companies offering comprehensive solutions to CSPs, are
adding to the global telecom service assurance market growth in the
region.
In Europe,
the telecom service assurance market is predicted to hold the second-largest
share over the forecast period. The burgeoning need to give improved customer
experience for the service is adding to the global telecom service assurance
market growth in the region. The United Kingdom has the utmost share in the
market.
In the APAC
region, the telecom service assurance market is predicted to have a healthy
growth over the forecast period. The growing number of companies, coupled with
the need for effective management of queues, is adding to the global telecom
service assurance market growth in the region.
In South
America and the MEA is predicted to have sound growth in the market over the
forecast period.
Key
Players Analysis
Top key
players profiled in the global telecom service assurance industry report
include MYCOM OSI (US), NEC Corporation (Japan), Infovista (US), Enghouse
Networks (US), Centina Systems (US), Anritsu (Japan), NETSCOUT Systems, Inc.
(US), Nokia (Finland), TEOCO Corporation (US), VMware (US), IBM (US), Comarch
SA (Poland), Accenture (Ireland), Hewlett Packard Enterprise Development LP
(US), and Huawei Technologies Co., Ltd (China). Industry players have
incorporated several strategies to stay at the forefront and also cater to the
customers growing needs, such as partnerships, mergers and acquisitions, joint
ventures and collaborations, strategic alliances, and others.
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Telecom Service Assurance Market Research Report:
Information by Technology (Hall Effect, Magneto Resistive, Variable
Reluctance), By Application (Automotive, Industrial, Aerospace & Defense,
Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle
East & Africa, and South America)—Forecast till 2030
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