Global Telecom service assurance Market

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 2025-2032


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

Telecom Service Assurance Market News

  • In August 2024, AT&T announced the launch of its new service assurance platform. It is aimed to give the customer better experience through proactively identifying the network problems and providing insight into the network in real-time. 
  • In February 2024, The VMware Telco Cloud Service Assurance solution has been deployed within the Boost Wireless network by DISH Wireless in a controlled production setting to achieve the capabilities of real-time monitoring, assurance and automation and thus improve the overall experience with the 5G network and its users. 
  • In February 2024, ServiceNow, which focuses on digital work processes collaborated with NVIDIAs for offering and injecting telco specific generative ai solutions to enhance service experiences of customers. GenAI is used by service assurance groups to explain the problem in a manner that is efficient, concise and quick.
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FAQs

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).

The prominent players are actively engaging in strategies for ensuring continuous market growth. These organizations are investing in research and development (R&D) for innovating new solutions that combine with evolving technologies and customer demands. Furthermore, collaboration with technology partners and mergers and acquisitions are generally part of their strategy to expand their offerings and market reach. The advances on the internet of things, artificial intelligence and machine learning, as well as cloud technologies are being embraced into their processes to enhance the quality of the services provided. The prominent players are also concentrating on regulatory compliance, keeping abreast of legislative developments across several jurisdictions. The major companies are also implementing customer-oriented policies with the goal of reducing the existing clients’ turnover, and staff members are seen to be actively involved in providing extensive training and support to these customers. Marketing activities are directed at the promotion of assurance services throughout various segments and regions.   '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)'

Increasing Shift towards Cloud-Native Services: A notable trend in the telecom service assurance market is the increasing adoption of cloud-native solutions. Telecom operators are transitioning from traditional, on-premises assurance systems to cloud-native architectures. Cloud-based solutions offer scalability, flexibility, and cost-efficiency, allowing operators to adapt to dynamic network requirements. This trend aligns with the broader industry shift toward cloud-native technologies, enabling telecom providers to deploy, manage, and upgrade service assurance functionalities more efficiently. 

Asia-Pacific is dominating with the largest telecom service assurance market share. The increasing urbanization, advancement in technology, and increasing uptake of 5G and IoT technologies in the Asia-Pacific region is what drives the telecom service assurance market. The expanding and diversifying telecom infrastructure in the region requires scalable and flexible assurance solutions to address the growing network complexity. Telecom operators in Asia-Pacific are focusing on cost-efficient solutions and cloud-based deployments for supporting their large and varied customer bases. Furthermore, the focus on enhancing customer experience and competitive differentiation is boosting the adoption of advanced service assurance technologies. 

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Global Telecom service assurance Market

Report ID: SQMIG45J2078

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