According to a new report, published by KBV research, The Global Telecom Service Assurance Market size is expected to reach $12.5 billion by 2028, rising at a market growth of 9.7% CAGR during the forecast period.
The Solution segment is leading the Global Telecom Service Assurance Market by Component in 2021; thereby, achieving a market value of $7.2 billion by 2028. After learning about a company's whole telecommunication demands, like a phone system and a wired or wireless internet connection, a contractor will give complete solutions to that company. Thus, it will be easier for the companies to manage their core operations and business activities over telecom devices, supported by both wired and wireless internet connections, and that also cost-effective manner.
The Mobile Operator segment is showcasing a CAGR of 11.2% during (2022 - 2028). Mobile operators are likely to increase at a faster rate than other operators. The requirement for telecoms firms to spot fraudulent calls in real-time and alert customers or shut down services in response to customer demands will boost the mobile operator segment's market growth. By addressing network evolution and increased traffic levels, the telecom service assurance solution provides unrivalled, multifaceted customer experience measurements. To enable good service performance & customer experience management, the system concentrates on service, network, and end-user-related data.
The On-premise segment acquired the maximum revenue share in the Global Telecom Service Assurance Market by Deployment Type in 2021; thereby, achieving a market value of $8.0 billion by 2028. This high percentage is mostly due to large corporations' spending on in-house software implementation. Despite the popularity of the cloud model, on-premise solutions may remain to meet the business demands of certain enterprises. The growing requirement to protect sensitive data is driving the expansion of this market.
The Small & Medium Enterprises has shown a growth rate of 11.5% during (2022 - 2028). With the rise of IoT and advanced analytics, SMEs are turning to telecom service assurance TSA solutions to boost the performance of the network, quality control, and other areas. As an outcome, the number of SMEs using TSA solutions has increased.
The North America is the fastest growing region in the Global Telecom Service Assurance Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $4.3 billion by 2028. The Europe market is estimated to witness a CAGR of 9% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 10.5% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/telecom-service-assurance-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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 Geography
Companies Profiled
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