According to the latest report by IMARC Group, titled “Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global telecom service assurance market size reached US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8.79% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Telecom service assurance is a strategy adopted by telecommunications operators to meet customer expectations. It is a vertical end process grouping that is responsible for the execution of proactive and reactive maintenance activities. It ensures high quality of service and optimal subscriber experience.
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Market Trends:
The global market is majorly driven by the rising number of smartphone users. A considerable decrease in the average selling prices (ASP) of smartphones and continual improvements in the network infrastructure is further supporting the uptake of telecom service assurance across the globe. Furthermore, the widespread integration of cloud-based solutions with telecom service assurance has significantly contributed to the market growth as it is widely required by the telecom operators to improve the overall flexibility in business operations. Apart from this, the increasing popularity of wireless technologies, along with the extensive research and development (RD) activities conducted by key players, has also provided an impetus to market growth.
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Competitive Landscape with Key Player:
- Accenture plc
- 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
- TEOCO
The report has segmented the market on the basis on region, operator, solution, deployment, organization size.
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 (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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