The Telecom Service Assurance market is expected to grow at a CAGR of 8.8% to reach US$ 16.6 Bn in 2032.
.jpg "The Global Telecom Service Assurance Market 2022-2032 (USD Billion)")
The market size for the global telecom service assurance market is projected to reach over USD 10 billion by 2025. The key factor responsible for industry growth is the rising new mobile internet subscribers throughout the world where the subscribers would reach over 5 billion in the next five years, Also the increasing mobile subscriber base in the last few years is promoting the telecom service assurance (TSA) Market growth.
A rise in the use of smart devices gives rise to a terrific growth in the wireless traffic data, which further increases the need for TSA solutions and services to manage the increasing traffic volume. On the other hand, an exponential increase in the global cloud traffic and Internet Protocol (IP) traffic, as well as increasing complexities in the communication infrastructure by 5G technologies and Internet of Things (IoT) are anticipated to provide lucrative market opportunities for the telecom service assurance vendors over the forecast period.
Telecom Service Assurance Market Scope
| Metrics | Details |
| Base Year | 2022 |
| Historic Data | 2022-2023 |
| Forecast Period | 2022-2032 |
| Study Period | 2022-2032 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2032 | US$ 16.6 Bn |
| Growth Rate | CAGR of 8.8% during 2022-2032 |
| Segment Covered | By Component, By Operator Type, By Organization Size, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | 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, Broadcom, Inc. |
Key Segment Of The Telecom Service Assurance Market
By Component (USD Billion)
• Solution
• Services
By Operator Type, (USD Billion)
• Mobile Operator
• Fixed Operator
By Organization Size, (USD Billion)
• SMEs
• Large Enterprise
Regional Overview, (USD Billion)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
What is the market value of telecom service assurance market in US$ 16.6 Bn 2032?
The base year for the report is 2022 in telecom service assurance market.
To get latest version of telecom service assurance market report can be obtained on demand from the website.
Communication has become an essential aspect of every individual to be connected with everyone across the world. With the help of advanced technologies that include 3G/4G, video conferencing, as well as Internet Protocol Television (IPTV), individuals along with enterprises can connect among each easily. Thus, reconfiguration of the network is required to perform smooth operations. This causes enormous growth in the subscriber base, leading to congestion and extra burden in the network. As a result, decreased efficiency and customer experience of the network are some of the challenges faced by the telecom sector. Telecom service assurance enables improved insights for the network, operations, service, price, customer, and workplace which is likely to boost operational efficiency and customer experience. Telecom service assurance solutions optimize network effectiveness provided to the service enabler.
Solution Segment
Based on the solution segment, the market is bifurcated into software, and services. The software segment is classified further into fault management, network management, probe system, quality monitoring, workforce management, and other system types. Whereas the services segment is classified further into professional services and managed services. In 2019, the solution segment gathered the largest Market revenue and it is anticipated to govern the telecom service assurance market throughout the forecast period. However, the services segment is anticipated to grow at a substantial growth rate over the forecast period.
Organization Size Segment
Based on the data center type segment, the market is segmented into small & medium enterprises and large enterprises. The Market for large enterprises to possess the largest Market share in 2019 since enterprises today are predominantly developing to match their user needs. However, the small & medium enterprise is projected to grow with a considerable growth rate in the next five years.
The global telecom service assurance market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the telecom service assurance applications, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the telecom service assurance market in North America.
.png "North America Telecom Service Assurance Market, 2018-2025 (USD Billion)")
The major players of the global telecom service assurance market are Broadcom, Ericsson, HPE, NEC Corporation, Nokia, Accenture, Amdocs, Comarch S.A., Huawei, IBM, NETSCOUT, Spirent, and more. The telecom service assurance market is fragmented with the existence of well-known global and domestic players across the globe.