openPR Logo
Press release

Telecom Service Assurance Market revenues to top $10.4 billion by 2026

12-10-2021 01:40 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Telecom Service Assurance Market

Telecom Service Assurance Market

According to a new market research report "Telecom Service Assurance Market by Component (Solutions (Fault and Event Management, Performance Management, and Quality and Service Management) and Services), Operator Type, Deployment Type, Organization Size, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the Telecom service assurance Market size to grow from USD 6.5 billion in 2021 to USD 10.4 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 9.9% during the forecast period.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202411888

The presence of various key players in the ecosystem has led to competitive and diverse market. Automation appears to be crucial for CSPs who engage in digital transformation, including 5G, enabled by Software Defined Networking (SDN) and Network Functions Virtualization (NFV). To avoid customer churn and financial implications, it is required to detect and remediate network or performance issues not only at the network operations level but also at service and customer satisfaction levels. CSPs tend to fulfill orders on time and provide efficient and cost-effective services. Apart from managing orders efficiently, service assurance solution providers help telecommunication providers, internet service providers, and similar vendor companies with the capability to find the faults that take place while delivering any service, network management, and workforce automation.

Browse 393 market data Tables and 53 Figures spread through 309 Pages and in-depth TOC on "Telecom Service Assurance Market by Component (Solutions (Fault and Event Management, Performance Management, and Quality and Service Management) and Services), Operator Type, Deployment Type, Organization Size, and Region - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/telecom-service-assurance-market-202411888.html

The services to record a higher growth rate during the forecast period

In the telecom service assurance market by component, the services is expected to record a higher growth rate during the forecast period. The services segment has a key role to play in the telecom service assurance market. With the increasing adoption of telecom service assurance solutions among CSPs, the demand for support services is expected to gain traction among organizations. The telecom service assurance market based on services is segmented into professional services and managed services. The services market holds a substantial share of the total telecom service assurance market and is expected to grow at a high rate.

Large Enterprises are expected to hold a larger market share during the forecast period

By Organisation size, large enterprises are expected to hold the largest market size Large enterprises hold a larger market size in the present market, as the segment has already shown major adoption and implementation of telecom service assurance services, wherein SMEs are expected to experience a high growth rate in the adoption of telecom service assurance products and services in the nearer future. With an increase in infrastructure and the advent of new technologies, such as cloud, enterprise mobility, 5G, IoT, and network orchestration, the demand for telecom service assurances tools is expected to increase across large enterprises.

Cloud Deployment is expected to have a higher growth rate during the forecast period

By Deployment Mode, cloud is expected to have a higher growth rate. Telecom operators are swiftly adopting cloud-based solutions as they reduce software maintenance and upgradation costs, provide faster deployment of systems, and increase flexibility in business operations. The advantages of the cloud deployment mode include flexibility, scalability, affordability, operational efficiencies, and the low-cost factor. The cloud-based telecom service assurance solution helps CSPs with high availability across multiple geographically distributed data centers, unlimited scalability for IoT and 5G growth, and agility to support on-demand digital service life cycles.

Mobile Operator is expected to have a higher growth rate during the forecast period

By Operator type, Mobile operator is expected to have a higher growth rate. The need for telecommunications companies to detect fraudulent calls in real-time to notify customers or shut down services on customer requests would drive the market growth of the mobile operator segment. Telecom service assurance solution provides unmatched, multidimensional customer experience metrics by addressing network evolution and growing traffic volumes. The solution focuses on network, service, and end-user-related data to deliver optimal service performance and customer experience management.

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=202411888

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global telecom service assurance market during the forecast period. Telecom operators in the region are enhancing their networking infrastructure to meet the increasing demand for 5G services in the future. Service assurance is expected to play a key role in the development of new networking infrastructure. The deployment of a 5G network in the region is expected to boost the demand for telecom service assurance solutions in the region. IoT creates a large amount of data, and with the increasing adoption of IoT, the demand for data services is expected to rise.

The key and emerging market players in the telecom service assurance market include NEC (Japan), Ericsson (Sweden), Amdocs (UK), NETSCOUT (US), Broadcom (US), HPE (US), Comarch (Poland), Huawei (China), Nokia (Finland), IBM (US), Intracom Telecom (Greece), Spirent (UK), TEOCO (US), EXFO (Canada), VMware (US), Cisco (US), CommScope (US), Anritsu (Japan), VIAVI Solutions (US), Enghouse Networks (Canada), MYCOM OSI (UK), RADCOM (Israel), Infovista (France), SysMech (UK), Itential (US), Aspire Technology (Ireland), Anodot (US), Matellio (US), Stixis (US). These players have adopted several organic and inorganic growth strategies, including new product launches, partnerships and collaborations, and acquisitions, to expand their offerings and market shares in the global telecom service assurance market.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: sales@marketsandmarkets.com
MnM Blog: https://mnmblog.org
Content Source:https://www.marketsandmarkets.com/PressReleases/telecom-service-assurance.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Telecom Service Assurance Market revenues to top $10.4 billion by 2026 here

News-ID: 2493750 • Views: 113

More Releases from MarketsandMarkets™

Smart Space Market predicted to gain $15.3 billion by 2025
According to a new market research report "Smart Space Market by Component (Solutions and Services (professional & managed)), Application (Energy Optimization and Management, Emergency Management, & Security Management), Premises Type (Commercial, Residential), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size projected to grow from USD 9.4 billion in 2020 to USD 15.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 10.2% during
Transportation Management System (TMS) Market predicted to gain $17.8 billion by …
According to a new market research report "Transportation Management System (TMS) Market by Component (Solutions and Services), Transportation Mode (Roadways, Railways, Airways, and Maritime), Deployment Type (On-premises and Cloud), Organization Size, Vertical, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 7.7 billion in 2020 to USD 17.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 18.2% during
Cloud ITSM Market expected to gain $12.2 billion by 2025
According to a new market research report "Cloud ITSM Market by Components ( Solutions (Service Portfolio Management, Configuration & Change Management, Service Desk Software) And Services), Vertical (BFSI, IT & ITeS, Retail & Consumer Goods), Organization Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Cloud ITSM market size expected to grow from USD 4.7 billion in 2020 to USD 12.2 billion by 2025, at a Compound
Facial Recognition Market predicted to gain $8.5 billion by 2025
According to a new market research report "Facial Recognition Market by Component (Software Tools (3D Facial Recognition) and Services), Application (Law Enforcement, Access Control, Emotion Recognition), Vertical (BFSI, Government and Defense, Automotive), and Region - Global Forecast to 2025" published by MarketsandMarkets™ , the post-COVID-19 Facial recognition market size expected to grow from USD 3.8 billion in 2020 to USD 8.5 billion by 2025, at a Compound Annual Growth Rate

All 5 Releases


More Releases for Telecom

Telecom Convergence - Thematic Research | Aarkstore
Aarkstore Market Research culminates the newest Market Research Report "Telecom Convergence - Thematic Research" Summary In an age of increasingly connected living, working and playing, telecom operators are re-positioning themselves from commoditized conduits of connectivity to all-round, end-to-end and value-added digital service providers. Telecom convergence is the combination of a variety of different carrier-provisioned services within integrated solutions and portfolios, facilitated by a variety of interconnected underlying access methods. These integrated telco
Telecom Towers Market 2018 Global Analysis By Key Players -Maroc Telecom, Optimu …
ReportsWeb Adds “Global Telecom Towers Market” offers an up-to-date analysis of the market with regards to the innovations, current competitive landscape and latest trends and drivers, to provide new predictions for the forecast period. Global Telecom Towers Market Size Status and Forecast 2018-2025 This report focuses on the global Telecom Towers status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Telecom Towers development in
Telecom IoT
Publisher’s market research analysts predict the global telecom IoT market to grow steadily during the forecast period and post an impressive CAGR of more than 42% by 2020. This industry research report identifies the growing adoption of intelligent transportation systems (ITS) to be one of the major factors that will have a positive impact on the growth of this market in the coming years. In addition to enabling operators to
Telecom Power System Market
“Global Telecom Power System Industry Report" is an expert and in-depth analysis of key business and future development prospects, key determinants and restrictions, profiles of major market players, segmentation and forecasting. The study offers a comprehensive qualitative analysis of the industry's growth parameters, the current state of the market in terms of analysis of key economic situations and macroeconomic analysis. The analysis highlights the growth opportunities of key market segments
Telecom Software Professional Services
Research analysis on the global telecom software professional services market identifies the growing demand for cloud based BSS as one of the primary factors fueling market growth. The use of cloud-based solutions will help organizations overcome challenges including complexities of hardware and license management. Additionally, the increasing adoption of M2M solutions among enterprises is also compelling operators to deliver a real-time experience to customers. One of the major vendors, Amdocs
Zaheen Telecom launches Retail Division
Zaheen Telecom is expanding its service range from international telecom wholesale to retail international calling market via the brand new division: ZenMinutes. ZenMinutes.com focuses on delivering a straight forward, international calling alternative for smartphone users across the world. The main focus of ZenMinutes is to provide quality, clean routes to end users in order to place international calls at cheaper rates than regular mobile/landline providers. Main emphasis is on the quality of