Beyond 2023: A Look into the Future of the Telecom Service Assurance Market, with Forecasts to 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 analytics is the application of data analytics in the telecommunications sector to extract insights from large data sets. It involves collecting, analyzing, and interpreting data generated from various telecom operations like customer interactions, network performance, and billing. It employs various techniques such as predictive analytics, customer segmentation, and real-time analytics to identify trends, anomalies, and opportunities. By leveraging these insights, telecom providers can offer more personalized services, enhance operational efficiency, and make better strategic decisions, thus gaining a competitive edge in a rapidly evolving market. Currently, telecom analytics finds extensive applications in optimizing customer experience, enhancing network performance, and driving revenue growth through targeted marketing and service personalization.

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

The global telecom analytics market is primarily driven by rising data volume due to the rapid proliferation of mobile devices, IoT (Internet of Things) devices, and the increasing use of digital services. Telecom analytics solutions play a vital role in managing and extracting valuable insights from this vast amount of data. Moreover, the escalating demand for enhanced customer experiences and increased operational efficiency, which motivates telecom companies to invest in analytics tools, is propelling market growth. Besides this, the growing complexity of telecom networks owing to the emergence of 5G networks and the introduction of new technologies like edge computing and IoT advance has accelerated the product adoption rate. Furthermore, the augmenting need for fraud detection and revenue assurance is contributing to market growth as analytics solutions can identify irregular patterns and potential fraud, helping telecom companies protect their revenue streams.

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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