The Latin America, Middle East and Africa Telecom Service Assurance Market would witness market growth of 13.5% CAGR during the forecast period (2022-2028).
To fulfill modern customer expectations and increase commercial prospects, telecom operators all over the world must adapt swiftly and stay up with rapid innovation. This is one of the primary factors driving the market's growth. Furthermore, as a result of the increasing acquisition of enterprises, the introduction of new technologies, and the evolution of organizational structure, developments in operations support system (OSS) settings are resulting in a set of independent silos that rely on manual processes. Furthermore, the introduction of 5G, Internet of Things (IoT) technologies, and virtualization are permitting network and service management automation, which aids in the optimization of silos and the effective administration of service assurance.
The acceptance of new generation platforms is being aided by rising interdependency throughout business lines & domains, the complexity of technology ecosystems, expanding data volumes, and a move towards converged networking. Apart from that, the rising demand for telecom power systems, owing to the major expansion of telecom infrastructure in rural regions, is having a favorable impact on the industry, as is the growing popularity of wireless communication technologies.
Towerco's core offering and business approaches have been effectively adapted to meet the needs of new African markets. Over the projected period, many towercos are expected to focus on their main business of developing, buying & leasing vertical real estate, and other such towercos may still see a lot of 5G antenna stacked on their towers. According to the Nigerian Communications Commission, the number of third & fourth-generation telecom towers installed in Nigeria has observed the growth. Due to the increased amount of opportunities, global tower firms are growing their footprint in the region through strategic agreements.
The region's telecommunications infrastructure is growing, aided by supporting regulatory measures & government initiatives dedicated to providing reliable internet access throughout the region. Government-funded efforts, such as the Universal Service Telecommunications (UTS) program, are still ensuring that fixed-line infrastructure is expanded to underserved areas, thus the gradual expansion in the number of fixed-telephony connections should continue in coming years to make telecommunication easily and more accessible to people globally.
The Brazil market dominated the LAMEA Telecom Service Assurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $261.1 million by 2028. The Argentina market is experiencing a CAGR of 14.1% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 13.2% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Fault & Event Management, Performance Management, Quality & Service Management, and Intelligent Assurance & Analytics. Based on Operator Type, the market is segmented into Fixed Operator and Mobile Operator. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Telecom Service Assurance Market is Predict to reach $12.5 Billion by 2028, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, NEC Corporation, Ericsson AB, Amdocs Limited, Comarch S.A., Accenture PLC, and Broadcom, Inc.
By Component
By Operator Type
By Deployment Type
By Organization size
By Country
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