The rising need for advanced communication services and enhanced optimization, and the surging number of mobile subscribers is propelling the growth of the market.
Market Size – USD 6.38 billion in 2019, Market Growth – CAGR of 4.2%, Market Trends – Increasing need for enhanced and advanced communication services
The global Telecom Service Assurance Market is anticipated to attain a valuation of USD 9.61 billion by 2027, growing at a CAGR of 4.2% throughout the forecast timeline. The market was valued at USD 6.38 billion in 2019. The market growth is primarily driven by the rising need for devices offering superior connectivity and enhanced experience. The advent of 5G technology and a rapid shift towards a digital lifestyle is further fueling the growth of the market. The rising penetration of advanced and complex technology, coupled with the increasing competition in the sector, is further bolstering the growth of the market.
Telecom service assurance can be defined as the policies and processes applied by the communications service providers (CSP) to ensure the services provided over networks are up to the standards of the service quality set for an optimal subscriber experience. The massive increase in the cloud traffic, rising mobile subscriber base, and increasing use of smartphones is propelling the telecom service assurance market to lean towards the growth curve.
The competitive landscape of the telecom services market is fragmented, with several key players operating in the industry. The players are adopting strategic business expansions and development plans to gain a strong foothold in the industry. The surge in the subscriber’s number, increasing need for enhanced optimization, and rising need for advanced communication services are propelling the companies to develop innovative technologies thereby, driving the growth of the telecom service assurance market.
Some of the leading players in the industry are CA Technologies, Ericsson, Nokia Corporation, Accenture, IBM, MYCOM OSI, Oracle Corporation, Tata Consultancy Services Limited, Viavi Solutions Inc., and ZTE Corporation.
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Further Key Findings From the Report Suggest:
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/telecom-service-assurance-market
For the purpose of this report, Reports and Data has segmented the Global Telecom Services Assurance Market on the basis of component, deployment, organization size, and region:
Component Outlook (Revenue, USD Million; 2017–2027)
Deployment Outlook (Revenue, USD Million; 2017–2027)
Organization Size Outlook (Revenue, USD Million; 2017–2027)
Regional Outlook (Revenue, USD Million; 2017–2027)
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Table of Content:
Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Telecom Service Assurance Market Segmentation & Impact Analysis
4.1. Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
Chapter 5. Competitive Landscape
5.1. Market Revenue Share By Manufacturers
5.2. Manufacturing Cost Breakdown Analysis
5.3. Mergers & Acquisitions
5.4. Market positioning
5.5. Strategy Benchmarking
5.6. Vendor Landscape
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