The global telecom service assurance market size is expected to grow from $6.92 billion in 2020 to $7.66 billion in 2021 at a compound annual growth rate (CAGR) of 10.70%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The telecom service market is expected to reach $11.65 billion in 2025 at a CAGR of 11.07%.
What is the Global Telecom Service Assurance Market?
The telecom service assurance market consists of sales of telecom service by entities (organizations, sole traders, and partnerships) that are used for issues faced by the customers such as reducing the downtime and reaching the desired quality of service guaranteed. Telecom service is a service offered by a telecommunications provider, or a set of user-information transfer capabilities offered by a telecommunications system to a group of users. In telecom service assurance, a communications service provider (CSP) uses rules and processes to guarantee that services delivered through networks satisfy a pre-determined service quality standard for the best subscriber experience.
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What drives the Global Telecom Service Assurance Market?
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. 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 growth of the telecom service assurance market.
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Global Telecom Service Assurance Market Segments
The global telecom service assurance market is segmented:
By Component: Solution, Services
By Operator Type: Mobile Operator, Fixed Operator
By System: Probe System, Network Management, Workforce Management, Fault Management, Quality Monitoring
By Deployment Type: On-Premises, Hosted, Cloud
By Geography: The regions covered in the telecom service assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Telecom Service Assurance Global Market Report 2022 provides market size and growth forecasts for the global telecom service assurance market, global telecom service assurance market share, telecom service assurance market segments and geographies, telecom service assurance market competitive landscape including leading competitors’ revenues, profiles and market shares. The telecom service assurance market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Telecom Service Assurance Industry Players include Broadcom, Cisco Systems Inc., Enghouse Networks, CommScope, Ericsson, EXFO, Huawei, Infovista, Intracom Telecom.RADCOM, Spirent, MYCOM, OSI, NEC, NETSCOUTTEOCO, VIAVI Solutions, and ZTE Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
