The market for Telecom
service assurance is driven by the increasing demand for high maximization
& cost efficient, increase in the number of cellular subscribers.
Market Size – USD 6.13
billion in 2018, Market Growth - CAGR of 4.2%, Market Trends – increase in
demand for cost-efficient and high maximization, increase in growth of cellular
devices.
The Telecom service assurance market is forecasted to grow from USD 6.13 billion in
2018 to USD 9.23 billion by 2026, at a CAGR of 4.2% during the forecast period.
The driving factor being the increase in growth for high maximization and
cost-efficient.
With the advancement in
technology of various networking systems like the 5G network, the need for the
telecom service assurance is also increasing. The penetration of advanced and
complex technology in association with the growing competition among the developing
countries are the major factors for driving the market. The number of cellular
subscribers has increased at a rapid rate due to the increased demand for the
devices that offers connectivity like the smartphones that made all the basic
work of day to day life much easier.
Players will require
increased investments to tackle these challenges and facilitate growth in the
coming years. This report comprises drivers, restraints, opportunities, and
challenges pertaining to the Telecom service assurance market; and extensive
value chain analysis, patent analysis, analysis of the current manufacturing
capability and technology status, commercialization potential in different
devices, along with market size forecasts till 2026.
The report “Telecom service assurance Market by
Solution type (Software, Services), Deployment model (Cloud, on-premise),
Business (Medium business, small business), and Geography-Global Forecast 2026”
is available now to Reports And Data customers and can also be purchased
directly at: https://www.reportsanddata.com/sample-enquiry-form/1094
Further key findings from the report suggest
- The Telecom service assurance
market is forecasted to grow from USD 6.13 billion in 2018 to USD 9.23
billion by 2026, at a CAGR of 4.2% during the forecast period. The driving
factor being the increase in growth for high maximization and
cost-efficient.
- Based on the deployment type,
in this report, the market is categorized as on cloud, on-premise. The
cloud deployment uses less expensive algorithms to perform along with the
features of being flexible, easy and quite affordable, which makes it the
faster-growing deployment type accepted by various industries than the
on-premise. The installation and maintenance cost is also affordable than
on-premise.
- Based on Solution, The global
telecom service assurance market is categorized into software, and
services. The software segment is again categorized into probe monitoring,
fault and event management, quality and service management, network
performance monitoring, workforce management. The services segment is
further categorized into two sub-segments viz. professional services and
managed services. The professional services are categorized into planning
and consulting services, operation and maintenance services, and system
integration services. System Integration Service is forecasted to dominate
the Market.
- On the basis of Business, the
global telecom service assurance market is categorized into small and
medium businesses (SMEs), and large enterprises. By shifting from
traditional service assurance solutions to the advanced and innovative
service assurance platform, the medium-sized businesses are growing in
this market as they are more inclined towards cloud-based solutions for
enhancing their end-user experience.
- Based on region, the market is
being categorized to Europe, APAC, North America, and Row. North America
is forecasted to have the highest CAGR of 30% and dominate the market. The
faster growth rates will increase business operations in North America.
The United States is a dominant market here because of the advanced
telecom industry along with the increasing number of telecommunication
devices, the market is forecasted to bring a high growth rate.
- Key players include CA
Technologies (New York, U.S.), Ericsson (Kista, Stockholm), Nokia
Corporation (Espoo, Finland), Accenture (Chicago, Illinois, U.S.), IBM
(New York, U.S.), MYCOM OSI (Berkshire, U.K.), Oracle Corporation
(California, U.S.), Tata Consultancy Services Limited (Mumbai, India),
Viavi Solutions Inc. (California, U.S.), and ZTE Corporation (Shenzhen,
China).
Purchase full Telecom
service assurance Market report covered with tables and figures
for better illustration@ https://www.reportsanddata.com/checkout-form/1094
For this report, the market has been categorized
on the basis of deployment model, solution type, business, and region:
- Deployment model (Revenue, USD
Million; 2016–2026)
- cloud
- on premise
- Solution type (Revenue, USD
Million; 2016–2026)
- Software
- Services
- Business (Revenue, USD Million;
2016–2026)
- Medium business
- Small business
- Regional Outlook (Revenue, USD
Million; 2016–2026)
- North America
- US
- Canada & Mexico
- Europe
- Germany
- France
- UK
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Rest of the World
- South America
- Middle East and Africa
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