About Telecom Service Assurance
The global telecom service assurance market is projected to witness a high growth in near future owing to rising demand for service quality and noteworthy increase in the number of cellular subscribers. Though, there is a seismic shift in the Telecom world of Service Assurance and is prompting the sector to change. Nowadays, it is not enough to provide traditionally expected consumer needs such as billings, technical support, customer service, network fixers as companies are expected to provide differentiated customer services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.7% |
Foremost key players are focusing on strategic partnerships to improve their products and services. The Companies are focusing on increasing their client base to strengthen market position and to enhance product & service offerings. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Telecom Service Assurance market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CA Technologies (United States), Ericsson (Sweden), Hewlett Packard Enterprise (HPE) Company (United States), NEC Corporation (Japan), Accenture (United States), Amdocs Inc. (United States), Huawei Technologies Co. Ltd. (China), IBM (United States), Oracle Corporation (United States) and Tata Consultancy Services Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Spirent Communications PLC (United Kingdom), NetScout Systems, Inc. (United States), Comarch S.A. (Poland) and Nokia Corporation (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Telecom Service Assurance market by and Region.
On the basis of geography, the market of Telecom Service Assurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premises will boost the Telecom Service Assurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Services, the sub-segment i.e. Professional Services will boost the Telecom Service Assurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Enterprise Size, the sub-segment i.e. Small and Medium Enterprises (SMEs) will boost the Telecom Service Assurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by System, the sub-segment i.e. Probe Monitoring will boost the Telecom Service Assurance market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Need for High Optimization and Augmented Cost Savings
Market Growth Drivers:
Rising Demand for Service Quality and Noteworthy Increase in the Number of Cellular Subscribers
Challenges:
Slow Adoption Rate in Developing Nations
Restraints:
Concerns Regarding Data Privacy and High Initial Investment Cost
Opportunities:
Advent of Highly Technical and Complex Technologies
Market Leaders and their expansionary development strategies
In June 2015,Vancouver-based Recon Instruments, a smart eyewear company, was bought yesterday (June 17) by wearable-tech-hungry Intel, after buying smartwatch maker Basis last year. According to Recon CEO Dan Eisenhardt’s blog post, Intel, which wants to play an active role in the wearable revolution, is an ideal partner.
In February 2024,Ericsson (NASDAQ: ERIC) has launched new service orchestration and assurance product, solution and services capabilities designed to enable communication service providers (CSP) globally to capitalize at scale on the growing variety and volume of high-impact use case opportunities made possible by 5G and 5G Standalone (SA).
Key Target Audience
Telecom Service Assurance Service Providers, Network Service Providers, Telecom Industry, Governmental Bodies and Research Firms
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.