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Telecom Service Assurance Market Analysis 2024-2033 : Market Size, Top Segments, Leading Region Forecast | Huawei Technologies Co Ltd., Hewlett-Packard Company, IBM Corporation, Cisco Systems Inc
Telecom Service Assurance Global Market Report
The Business Research Company offers in-depth market insights through Telecom Service Assurance Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The telecom service assurance market size has grown rapidly in recent years. It will grow from $8.25 billion in 2023 to $9.12 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to increasing complexity of telecom networks, rising customer expectations, competition and market dynamics, need for proactive issue resolution.
The telecom service assurance market size is expected to see rapid growth in the next few years. It will grow to $14.25 billion in 2028 at a compound annual growth rate (CAGR) of 11.8%. The growth in the forecast period can be attributed to rapid growth in data traffic, focus on customer experience management, cybersecurity concerns. Major trends in the forecast period include security and compliance assurance, network slicing assurance, real-time analytics and reporting.
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Market Segmentation:
The telecom service assurance market covered in this report is segmented -
1) By Component: Solution, Services
2) By Operator type: Mobile Operator, Fixed Operator
3) By System: Probe System, Network Management, Workforce Management, Fault Management, Quality Monitoring
4) By Deployment Type: On-Premises, Hosted, Cloud
Major Driver - 5G Revolution Driving Telecom Service Assurance Market Growth
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. For instance, in 2022, 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 telecom service assurance market growth.
Competitive Landscape:
Major companies operating in the telecom service assurance market report are Huawei Technologies Co Ltd., Hewlett-Packard Company, IBM Corporation, Cisco Systems Inc., Broadcom Inc., Tata Consultancy Services Limited, Ericsson Inc., Nokia Corporation, NEC Corporation, ZTE Corporation, CommScope Holding Co Inc., Keysight Technologies Inc., CENX Inc., VIAVI Solutions Inc., NetScout Systems Inc., Spirent Communications plc, Comarch S.A., Mycom Osi Solutions India Private Limited, The Employee Owned Company, EXFO Inc., Enghouse Systems Limited, Infovista S.A.S., SevOne Inc., Empirix Inc., Guavus Inc., Radcom Ltd., Accanto Systems Ltd., Zenoss Inc., Bwtech International Ltd., Aria Networks Ltd., Avvasi Inc., Intracom Telecom S.A., Netrounds AB
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Top Trend - Advancing Telecom Service Assurance With Smart Network Monitoring
Major companies operating in the telecom service assurance market are focusing on developing smart assurance services for telecom market. Smart assurance services bring intelligence and automation to telecom, improving network efficiency, enhancing user experiences, and addressing evolving challenges in the telecommunications industry. For instance, in February 2023, Tech Mahindra, an India-based Information technology company, Launches SANDSTORM, an Innovative Remote Network Monitoring and Smart Device Assurance Service for Telcos and Enterprises. It provides real-time insights into app-network interactions across geographies, enhancing development speed and time-to-market. The on-demand subscription allows cost-effective and quick report generation, offering a competitive advantage in network monitoring and device assurance.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Telecom Service Assurance Market Characteristics
3. Telecom Service Assurance Market Trends And Strategies
4. Telecom Service Assurance Market - Macro Economic Scenario
5. Telecom Service Assurance Market Size And Growth
…..
27. Telecom Service Assurance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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