What is the global market size of Telecom Service Assurance Market?

Telecom Service Assurance Market size was valued at USD 6.5 billion in 2021 and is poised to grow from USD 7.140643531 billion in 2022 to USD 15.17134586 billion by 2030, growing at a CAGR of 10% in the forecast period (2023-2030).

What is the key driver of Global Telecom Service Assurance Market?

Growing need to automate network operation due to high customer churn and low ARPU (Average Revenue Per User) from voice and data services. The increase in mobile communication in various businesses may lead to interrupted calls due to the current capacity of mobile networks. With the surge in the number of subscribers, service providers are forced to address crucial issues such as demand for specialty products, greater consumer churn, and a faster response rate.

What is the key market trend for Global Telecom Service Assurance Market?

The shift toward smarter digital services with the adoption of real-time AI assistance IoT by vendors will help drive the digitization of various vendors in the coming years. The market is expected to grow due to the rise in small and medium-scale enterprises and increasing awareness about high-speed communication solutions. There is also rising network infrastructure in which telecom service assurance is one of the most commonly used network monitoring solutions among operators to manage & control errors.

Which region accounted for the largest share in Global Telecom Service Assurance Market?

The Asia-Pacific region is expected to grow at the highest CAGR due to digitalization and increasing smartphone adoption in developing countries of the region. In China, the cloud model is expected to grow at a prodigious double-digit rate due to the transformation of communication services. The advent of 5G technology, which is under testing phase, is expected to increase the growth of the telecom assurance market. The 5G technology creates a shift towards a digital lifestyle in the population.

Telecom Service Assurance Market Size, Share, Growth Analysis, By Component(Solutions (Fault and Event Management, Performance Management, Quality and Service Management, Intelligent Assurance and Analytics)), By Operator type(Mobile Operator, Fixed Operator), By Deployment type(On-premises, and Cloud), By Organization Size(Small and Medium-Sized Enterprises, Large Enterprises), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45J2078 | Region: Global | Published Date: October, 2024
Pages: 242 | Tables: 113 | Figures: 77

Telecom Service Assurance Market News

In September 2022, VMware unveiled new product innovation and partnership that will enable communications service providers (CSPs) to rapidly modernize their networks in a cost and energy efficient manner and accelerate 5G core, RAN and edge deployments and lifecycle management. VMware Telco Cloud Automation 2.1 extends multi-cloud operations and automation capabilities with new support for AWS and Amazon Elastic Kubernetes Service (EKS) enabling CSPs to provision CNFs directly on native Amazon EKS.

In June 2022, US cellular and Ericsson have begun 5G testing at altitude using drone technology.

In January 2022, Mavenir, a network software company, started service distribution to foreign medical facilities through 5G slices. It includes virtual reality (VR) and artificial reality (AR), as well as the usage of virtual intelligent counselling agents (VICA) in applications such as remote patient care and surgery.

Telecom Service Assurance Market Report Snapshots

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Global Telecom Service Assurance Market size was valued at USD 6.9 billion in 2022 and is poised to grow from USD 7.58 billion in 2023 to USD 16.01 billion by 2031, growing at a CAGR of 9.80% during the forecast period (2024-2031).

Global telecom service assurance market is highly competitive due to presence of numerous service providers. Major service providers include- Ericsson, Accenture, VMware, and Cisco. In order to eliminate the tough competition service providers are teaming up to provide modernized applications and using cloud as a foundation for new business models. Ericsson and US cellular have worked together to establish a collaboration to assist speed ongoing improvements to U.S. Cellular 5G network. Nokia formed a partnership with EY which aimed to assist organizations and communication service providers to propel digital and enterprise transformation journeys. 'NEC (Japan) ', 'Ericsson (Sweden) ', 'Amdocs (US) ', 'Netscout (US) ', 'HPE (US) ', 'Accenture (Ireland) ', 'Comarch (Poland) ', 'Huawei (China) ', 'Nokia (Finland) ', 'IBM (US) ', 'Intracom Telecom (Greece) ', 'Spirent (UK) ', 'Teoco (US) ', 'Cisco (US) ', 'Commscope (US) ', 'Anritsu (Japan) ', 'Viavi Solutions (US) ', 'Enghouse Networks (Canada) ', 'Mycom OSI (UK) ', 'Radcom (Israel) ', 'Infovista (France) ', 'Sysmech (UK) ', 'Itential (US) ', 'Aspire Technology (Ireland) ', 'Stixis (US) ', 'Anodot (Israel) ', 'Matellio (US)'

Growing need to automate network operation due to high customer churn and low ARPU (Average revenue per user) from voice and data services. The increase in mobile communication in various businesses due to which the call can be interrupted because of the current capacity of mobile networks. With the surge in the number of subscribers, service providers are forced to address crucial issues such as demand for specialty products, greater consumer churn, and a faster response rate.

The shift toward smarter digital services with the adoption of real time AI assistance IoT by vendors will help to drive the digitization of various vendor in coming year. The market is expected to grow in the coming years due to rise in small and medium scale enterprises and the increasing awareness about high speed communication solutions. There is also rising network infrastructure in which telecom service assurance is one of the most commonly used network monitoring solutions among operators to manage & control errors.

The Asia-Pacific region is expected to grow at a highest CAGR due to digitalization and increasing smartphone adoption in developing countries of the region. In China, cloud model is expected to grow at a prodigious double digit rate due to transformation of communication services. The advent of 5G technology which is under testing phase is expected to increase the growth of telecom assurance market. The 5G technology creates a shift towards a digital lifestyle in the population.

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