According to the latest report by IMARC Group, titled "Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," 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.
Report Metric
Historical: 2017-2022
Base Year: 2022
Forecast Year: 2023-2028
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Telecom Service Assurance Industry Definition and Application:
Telecom service assurance is a process that aims to ensure high-quality service delivery to customers by telecommunication companies. It involves systematic monitoring and maintenance of network services to ensure compliance with predefined quality standards. It relies on various network monitoring tools that perform regular checks and tests on services and applications to detect and resolve issues in a timely manner. At present, modern telecom service assurance offers support for reactive and proactive processes to ensure dependable service delivery, minimizing the risk of disruption during network upgrades or modifications and maintaining a clear view of network topologies and other contextual information.
Telecom Service Assurance Market Trends and Drivers:
The global telecom service assurance market is primarily driven by rising pressure on telecom companies to meet customer expectations and seize emerging business opportunities while keeping up with rapid innovation. Moreover, the automation of network and service management due to the emergence of 5G, virtualization, and the Internet of Things (IoT) technologies that help optimize silos and manage service assurance effectively is positively influencing the market growth. Additionally, the surging adoption of new-generation platforms owing to the increasing interdependency across business lines and domains, the growing complexity of technology ecosystems, rising data volumes, and a shift toward converged networking have catalyzed market growth. Other factors, including escalating demand for telecom power systems, rapid growth of telecom infrastructure in rural areas, and the increasing popularity of wireless communication technologies, are also anticipated to drive the market further.
Telecom Service Assurance Market Segmentation:
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
Who are the Major Telecom Service Assurance Key players?
- 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
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