Communication has become an important aspect in recent times. People are getting closer using advanced technologies such as 3G, video conferencing, 4G, and Internet protocol television (IPTV). Therefore, reconfiguration of the network is required for smooth operations. This leads to huge growth in the subscriber base. IoT connections are anticipated to grow three-fold by 2025 from 2017, reaching 25 billion by 2025, which will be a huge opportunity for telecom service assurance providers.
Data Bridge Market Research shows that the Global Telecom Service Assurance Market is expected to reach USD 14.31 billion by 2030, which is USD 6.77 billion in 2022, at a CAGR of 9.80% during the forecast period 2023-2030.
" Increasing Number Of Mobile Phone Users Surge the Market Growth"
The Internet of Things (IoT) and machine-to-machine (M2M) communication speed and dependability are expected to have a major impact. The market players utilize telecom service assurance (TSA) for effective communication and network assurance to prevent communication from being interrupted. The current capacity of mobile networks must have the potential to accommodate billions of nodes anticipated to enhance in the upcoming years to accomplish efficient machine-to-machine communication. Thus, this factor boosts market growth.
What restraints the growth of the Global Telecom service assurance Market?
" Increasing Level of Competition"
Numerous telecommunications companies are witnessing an increased customer base because of market rivalry and reducing switching costs. In the telecom industry, customer loyalty is declining as service providers compete to offer effective services at minimum cost. The compatibility issue is the major factor customers encounter most often. This problem arises when the function of one system depends on the other. Thus, the growing level of competition will limit market growth. All these major factors hinder the growth of the market.
Segmentation: Global Telecom service assurance Market
The global telecom service assurance market is segmented on the basis of component, organization size, deployment type, and operator type.
- On the basis of component, the global telecom service assurance market is classified into solution, services.
- On the basis of organization size, the global telecom service assurance market is classified into large enterprises, SMES.
- On the basis of deployment type, the global telecom service assurance market is classified into on-premises, hosted, cloud.
- On the basis of operator type, the global telecom service assurance market is classified into mobile and fixed.
Regional Insights: Asia-Pacific is expected to dominate the Global Telecom Service Assurance Market
Asia-Pacific dominates the market due to the increasing need of workers to automate network operations because of growing customer base from voice and data services across China and India in this region. Furthermore, broadband and mobile infrastructure are developing, leading to market growth.
North America is expected to grow in the forecast period of 2023-2030 to increasing penetration oh high speed internet and growing number of mobile subscribers in this region. Furthermore, the growing consumer purchasing parity in developing economies such as Bangladesh, India, and other southeast Asian countries is set to surge mobile and internet penetration.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/global-telecom-service-assurance-market
Recent Developments in Global Telecom Service Assurance Market
- In 2021, Etisalat and NEC worked together to support Etisalat's aim of launching cutting-edge 5G services. This consists of automating 5G slicing in a multi-vendor, cloud-native 5G core architecture throughout the network. To deliver new, very highly valuable 5G applications and services that demand Multi-access Edge Computing (MEC) to fulfill the experience requirements of Etisalat's exacting quality, these functions can also be prolonged to the network edge
The Prominent Key Players Operating in the Global Telecom Service Assurance Market Include:
- NEC Corporation (Japan)
- Amdocs (U.K.)
- NETSCOUT (U.S.)
- Broadcom (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- Accenture (Ireland)
- Huawei Technologies Co., Ltd. (China)
- Nokia (Finland)
- IBM (U.S.)
- Spirent (U.K.)
- TEOCO (U.S.)
- EXFO Inc. (Canada)
- VMware, Inc. (U.S.)
- Cisco Systems Inc.(U.S.)
- CommScope (U.S.)
- Anritsu Corporation (Japan)
- VIAVI Solutions Inc. (U.S.)
- Enghouse Networks (Canada)
Above are the key players covered in the report, to know about more and exhaustive list of global telecom service assurance market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Telecom Service Assurance Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
