Telecom Service Assurance Market Trends That Will Shape the Next Decade: Insights from Telecom Service Assurance Adapts To IoT-Driven Communication Devices

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How Large Will the Telecom Service Assurance Market Size By 2025?
The market size of telecom service assurance has seen significant growth lately. Its size is projected to expand from $8.92 billion in 2024 to $9.7 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. The growth witnessed in the historic period is due primarily to elements such as the increasing intricacy of telecom networks, escalating customer expectations, competitive forces and market dynamics, in addition to the necessity for proactive issue resolution.

How Big Is the Telecom Service Assurance Market Size Expected to Grow by 2029?
The market size for telecom service assurance is forecasted to experience a swift expansion in the coming years, escalating to a value of $16.08 billion by 2029, with a 13.5% compound annual growth rate (CAGR). The anticipated growth during this period is linked to the swift increase in data traffic, emphasis on managing customer experiences, and worries related to cybersecurity. Notable trends within this period encompass security and compliance assurance, network slicing assurance, along with immediate analytics and reports.

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Which Key Market Drivers Powering Telecom Service Assurance Market Expansion and Growth?
The emergence of 5G technology is predicted to be a catalyst for the expansion of the telecom service assurance market. As the latest version of cellular technology, 5G is aimed at significantly enhancing the speed and efficiency of wireless networks. This technological innovation encourages a shift towards a more digital lifestyle amongst the population. For instance, a 2022 survey by the U.S.-based web testing and diagnostics firm Speed Test revealed that the U.S. led in 5G usage with 49.2% of users, followed by the Netherlands with 45.1%, South Korea with 43.8%, Kuwait with 35.5%, and Qatar with 34.8%. Thus, the emergence of 5G technology is a key driver in the growth of the telecom service assurance market.

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Which Fast-Growing Trends Are Poised to Disrupt the Telecom Service Assurance Market?
A significant trend emerging in the telecom service assurance market is the increased uptake of IoT-enabled communication devices. The concept of the Internet of Things (IoT) revolves around physical devices fitted with sensors, computational capabilities, software, and other tech features that enable them to interact with other devices and systems via the internet or alternative communication networks. A case in point is the launch of service distribution to overseas medical facilities by Mavenir, a network software business, in January 2022, leveraging 5G slices. This included the implementation of virtual reality (VR) and augmented reality (AR), as well as the employment of virtual intelligent counselling agents (VICA) for applications like remote patient assistance and surgery. A strong 5G network with minimal latency and high performance is critical to facilitating all these use cases and responsibilities, especially when it comes to surgeries and remote patient care.

What Are the Emerging Segments in the Telecom Service Assurance Market?
The telecom service assurancemarket 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

Subsegments:
1) By Solution: Network Performance Management Solutions, Fault Management Solutions, Service Quality Management Solutions, Revenue Assurance Solutions, Customer Experience Management Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Training And Development Services

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Who Are the Global Leaders in the Telecom Service Assurance Market?
Major companies operating in the telecom service assurance market include Huawei Technologies Co. Ltd., accenture* plc, 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, EXFO Inc., Enghouse Systems Limited, Infovista S.A.S., SevOne Inc., Empirix Inc., Guavus Inc., Radcom Ltd., Accanto Systems Ltd., Zenoss Inc., Aria Networks Ltd., Avvasi Inc., Intracom Telecom S.A., Netrounds AB

Which are the Top Profitable Regional Markets for the Telecom Service Assurance Industry?
North America was the largest region in the telecom service assurance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom service assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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