Telecom Service Assurance Market Size Worth US$ 11.6 Billion by 2028

IMARC Group, a leading market research company, has recently releases report titled "Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" The study provides a detailed analysis of the industry, including the global telecom service assurance market trends, share, size and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the telecom service assurance market?

The global telecom service assurance market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028.

What is telecom service assurance?

Telecom service assurance is a process that aims to ensure high-quality service delivery to customers by telecommunication companies. It involves systematic monitoring and maintenance of network services to ensure compliance with predefined quality standards. It relies on various network monitoring tools that perform regular checks and tests on services and applications to detect and resolve issues in a timely manner. At present, modern telecom service assurance offers support for reactive and proactive processes to ensure dependable service delivery, minimizing the risk of disruption during network upgrades or modifications and maintaining a clear view of network topologies and other contextual information.

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What are the growth prospects and trends in the telecom service assurance industry?

The global telecom service assurance market is primarily driven by rising pressure on telecom companies to meet customer expectations and seize emerging business opportunities while keeping up with rapid innovation. Moreover, the automation of network and service management due to the emergence of 5G, virtualization, and the Internet of Things (IoT) technologies that help optimize silos and manage service assurance effectively is positively influencing the market growth. Additionally, the surging adoption of new-generation platforms owing to the increasing interdependency across business lines and domains, the growing complexity of technology ecosystems, rising data volumes, and a shift toward converged networking have catalyzed market growth. Other factors, including escalating demand for telecom power systems, rapid growth of telecom infrastructure in rural areas, and the increasing popularity of wireless communication technologies, are also anticipated to drive the market further.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Operator:

Fixed
Mobile

Breakup by Solution:

Software
Services

Breakup by Deployment:

On-premises
Cloud-based

Breakup by Organization Size:

Small and Medium-sized Enterprises
Large Enterprises

Breakup by Region:

North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Who are the key players operating in the industry?

The report covers the major market players including:

Broadcom Inc
Cisco Systems Inc.
Comarch S.A.
Ericsson Inc.
Hewlett Packard Enterprise Development LP
Huawei Technologies Co. Ltd.
International Business Machine Corporation
NETSCOUT Systems Inc.
Nokia Oyj

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