Global Telecom Service Assurance Market is Forecast to Reach USD 8.45 billion by 2026, Growing at a CAGR of 8.8%
Dublin, Nov. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Telecom Service Assurance Market (2021-2026) by Solution, Deployment, Organization Size, Operator Type, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Telecom Service Assurance Market is estimated to be USD 5.6 billion in 2021 and is expected to reach USD 8.45 billion by 2026, growing at a CAGR of 8.8%.
Key factors such as the rising number of smartphone subscribers across the globe have led to a tremendous rise in data traffic, which has led to a need for Telecom Service Assurance (TSA) solutions to manage this demand. Therefore telecom operators are adopting these solutions to automate the services to manage the high customer churn rate and reduce costs so as to provide optimum services and a positive customer experience.
Also, the implementation of Subscriber Data Management (SDN) and Network function virtualization (NFV) aims for higher agility in these services with the integration of advanced technologies. All these factors are contributing to the growth of the market for telecom service assurance solutions.
However, the data privacy concerns, the resistance towards the adoption of newer technologies, and the cost complexities involved in upgrading the legacy systems are few factors likely to hinder the growth of the market.
Market Dynamics
Drivers
Increase in the Number of Cellular/Mobile Subscribers
Large-Scale Implementation of SDN and NFV
Need for High Optimization and Increased Cost Savings
Growing Need of Operators to Automate Network Operations due to High Customer Churn
Restraints
Data Privacy Issues
Resistance to Adoption of New Technologies
Complexity and Cost Involved in Upgrading Traditional Network Infrastructure
Opportunities
Increased Competition in The Developed Regions
Exponential Growth in The Global IP Traffic and Cloud Traffic
Growing Complexities in Communication Network Ecosystem by IoT and 5G Technologies
Launch of VoWiFi Services by Telecom Operators to Protect Their Lucrative Voice Businesses
Challenges
Lack of Support and Integration Concerns Across Multiple Vendors and Technologies
In-House Service Assurance Solutions Used by Service Providers
Segments Covered
Global Telecom Service Assurance Market, By Solution
Products
Fault and Event Management
Performance Management
Quality and Service Management
Intelligent Assurance and Analytics
Services
Professional Services
Managed Services
Global Telecom Service Assurance Market, By Deployment
Cloud
On-premises
Global Telecom Service Assurance Market, By Organization Size
Large Enterprises
Small and Medium-sized Enterprises
Global Telecom Service Assurance Market, By Operator Type
Mobile Operator
Fixed Operator
Global Telecom Service Assurance Market, By Geography
North America
South America
Europe
Asia Pacific
Rest of the World
Report Highlights:
A complete analysis of the market including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Companies Mentioned
Broadcom (CA Technologies)
Ericsson
HPE Company
NEC Corporation
Nokia Corporation
Accenture
Amdocs Inc.
Comarch S.A.
Huawei Technologies Co., Ltd.
IBM Corp
Cisco Systems Inc.
Tata Consultancy Services
Mycom Osi
Netscout
Oracle Corporation
Spirent Communications Plc.
Teoco Corporation
Intracom Telecom
Radcom
Anritsu
Vmware
Centina Systems
Enghouse Networks
Viavi Solutions
Comviva
Mobileum
For more information about this report visit https://www.researchandmarkets.com/r/oxcwem
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