Telecom Service Assurance market size is projected to reach USD 6990 Million by 2026

TELECOM SERVICE ASSURANCE MARKET

Service assurance, in telecommunications, is the application of policies and processes by a Communications Service Provider (CSP) to ensure that services offered over networks meet a pre-defined service quality level for an optimal subscriber experience. TELECOM SERVICE ASSURANCE

The voluminous increase in the number of subscribers, need for high optimization & increased cost savings, and ability to measure the performance of a service & Quality of Service (QoS) have led to the increased demand for telecom service assurance solutions.

The global Telecom Service Assurance market size is projected to reach USD 6990 Million by 2026, from USD 4972.5 Million in 2020, at a CAGR of 5.8% during 2021-2026.

Major factors driving the growth of telecom service assurance market size are growing mobile subscriber base, rising need for high optimization and increased cost savings, ability to measure the performance of a service & Quality of Service (QoS), and large-scale implementation of Software-defined networking (SDN) and Network function virtualization (NFV).

The Valuates Reports report offers a comprehensive Telecom Service Assurance Market forecast and accurate statistics on revenue by the player for the period 2021-2026. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by players for the period 2021-2026.

TRENDS

The rising smartphone and other mobile device penetration are expected to drive the growth of telecom service assurance market size. The growing use of smartphones and tablets worldwide has contributed to an unprecedented rise in wireless data traffic, fueling the need for telecommunications service assurance (TSA) services and solutions to handle the increasing volume of traffic.

Telecom service assurance is a collection of processes & policies by the communication service provider to ensure that the service provided across the network meets the predefined service quality mark for a better customer experience. The increasing demand for cost-saving and high optimization strategies, along with the ability to measure the performance and quality of the service, are some of the factors responsible for the growth of the Telecom service assurance market size.

The demand for value-added services over the Internet by communication service providers and companies is increasing. The need to distinguish from other players by introducing value-added services such as VoIP, IPTV and mobile video is expected to further propel the growth of the telco service assurance market size.

 

TELECOM SERVICE ASSURANCE MARKET SHARE ANALYSIS

–  North America is expected to hold the largest Telco Service Assurance market share during the forecast period. This dominance of North America is attributed to the rising adoption of 5G network technology and advancements in the IoT sector in the region. With the involvement of leading players in the region and technological developments in the networking field, the North American region is projected to dominate the Telecom Service Assurance market.

–  Asia Pacific region is expected to witness the highest growth rate during the forecast period. Vast and diverse geographies and a broad customer base are contributing to extreme operational complexity for telecommunications operators in the APAC region. These challenges also led communication service providers to invest in structured telecommunications service assurance solutions.

Furthermore, as broadband and mobile networks are developing in this region, the mobile workforce and the BYOD (Bring-Your-Own-Device) trends are also gaining traction. These trends in APAC are expected to increase the growth of the telecommunications service assurance market size.

The following players are most dominant: Broadcom, Ericsson, HPE, NEC, Nokia, Accenture, Amdocs, Comarch, Huawei, IBM, Mycom OSI,Netscout, Oracle, Spirent, TCS, Teoco, Viavi solutions and ZTE.

 

Sharing is caring so..
  • 2
    Shares
You might also like
Leave A Reply

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More