The report titled Global Telecom Service Assurance Market covers definition, applications, classification, value chain structure and market performance by key leading countries/regions. In a detailed research methodology – wise, the Telecom Service Assurance analysis with various aspects corresponding to the Globally Telecom Service Assurance Market.
In further, the Telecom Service Assurance Market includes drivers, restraints, threats, opportunities, trends, geographical/regional Telecom Service Assurance markets, and competitive landscape.
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As of 2017, the global telecom service assurance market was valued at USD 6.8 billion. The market is expected to register a CAGR of 2.24% during 2018-2023 (the forecast period). Telecom service assurance (TSA) is the application of policies and processes by a Communications Service Provider (CSP), so as to ensure that the services offered over networks to consumers meet the required service quality level for an optimal subscriber experience. The scope in this study is limited to the telecom service assurance software market, which include, both, professional services and managed services.
With the technological advancements, like the development of 5G network, the need for TSA solutions has grown, as consumers tend to be dissatisfied with CSPs if the service they provide is not up to the consumerâs standards.
The emergence of highly technical and complex technologies, coupled with an increasing competition in developed regions, is all set to impact the growth of the global TSA market, as it has been made clear that in the emerging business landscape, CSPs must notice potential customer issues and respond quickly to prevent negative customer experiences. The only effective and efficient way to do the same is through the adoption of TSA solutions.
Significant Increase in the Number of Cellular Subscribers
There has been a significant increase in the number of cellular subscribers, globally. This growth can be attributed to the increasing number of consumers opting for devices that offer connectivity. One of the major connectivity devices in demand is smartphone. The number of smartphones being used internationally is relatively higher when compared to other connectivity devices. The number of smartphones/mobile devices being sold is increasing, amassing the number of cellular subscriptions to be high, as connectivity devices cannot perform well without the required cellular subscriptions. The increasing rate of adoption of connectivity devices is likely to lead to a significant increase in the number of cellular subscriptions, which, in turn, is anticipated to boost the growth of the global TSA market.
System Integration Service is expected to dominate the Market
Advances in communication services and technology have elevated consumer expectations. Next generation communication technologies, like 5G (and more recently LTE), are changing consumer preferences toward a more digital lifestyle. The increasing rate of adoption of smart devices has transformed the network service industry. While new opportunities for CSPs to offer innovative services have risen, new challenges have also emerged. CSPs are struggling to keep up the pace with customer demands for bandwidth-intensive applications and high-quality network experiences. In order to overcome the challenges, TSAs are being integrated within the systems, to provide a timely feedback of the necessary data. Also, with the emergence of more technical and complex technologies, system integration services for TSA are expected to witness a significant growth.
North America to Dominate the Market
Owing to the increasing number of telecom subscribers and smart devices, North America is the major contributor toward the revenue generated by TSA solutions, at the international level. In addition, there is a growing demand for service quality, which, in turn, is driving the North American TSA market. Owing to the mature telecom industry, the United States is a dominant market in North America and is further expected to register a significant growth rate, with the increasing number of telecommunication devices. The emergence of highly technical and complex technologies, like 5G networks, coupled with an increased competition among CSPs in this region, is expected to indirectly impact the North American TSA marketâs growth.
Top Players of Telecom Service Assurance Market are listed below:
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The Telecom Service Assurance Report provides the landscape and growth with the product lifecycle over the coming years, market space, market opportunities, market risk, the market overview of the Telecom Service Assurance. It explains the gap between supply and consumption, tables and figures, SWOT analysis of the leading enterprises in the Telecom Service Assurance Report. Further, the Telecom Service Assurance Report is examined for price, cost and gross. Additionally, it provides a valuable source of suggestions and direction for enterprises and individuals who are taking part in this market.