A fluctuating situation marks the telecom service assurance market because of the growing intricacy of telecommunication networks, the quest for excellent services, and the need to monitor problems proactively. The driving factors behind these dynamics are mainly perpetuated by the ever-increasing network infrastructure as well as variability in services offered by telecom operators. It has become imperative to offer superior customer experiences on the basis of its importance in shaping one of the main drivers of this market. Among others, 5G, IoT, and edge computing are new technologies that have been increasing at high rates and thus majorly affecting the dynamics of this market. With 5G networks being rolled out, challenges arise that are further complicated in terms of optimizing network performance and delivering quality service levels. Service assurance solutions play a key role in monitoring different elements of 5G networks like radio access, core network, and edge computing, among others, which help operators realize increased speeds, low latencies, and improved connectivity.
The telecom service assurance market is made up of established vendors and niche players who provide diverse products for customers. As such, suppliers have always sought to improve their products for telecom carriers through analytics-based approaches using AI or ML algorithms embedded within their service assurance solutions. Another issue is how Telecommunication companies now focus more on network automation and virtualization due to some reasons behind them switching from traditional infrastructures towards virtualized network functions (VNF) and software-defined networking (SDN). The necessity lies in adapting service assurance solutions to virtualized or software-defined environments when moving into these next-generation network architectures.
When it comes to regulatory compliance, the need for efficient resource use was also noted as a driving force behind the widespread adoption of telecommunication system management aids. Various legal requirements put stringent conditions concerning data privacy together with security standards that must be met before a company can be accredited to provide any form of communication over its platform. In summary, the telecom service assurance market can be expected to continue growing as telecom networks change and operators strive to meet the needs of a connected society that is data-driven. With AI and ML technologies being introduced, service assurance solutions will be more predictive and prescriptive, anticipating problems before they impact service quality. Finally, the demand for such robust products can further intensify with 5G technology still on its way and Internet of Things (IoT) devices being deployed in large numbers, thus requiring stronger assurance systems.
Report Attribute/Metric | Details |
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Growth Rate | Â 9.30% (2030 |
The Telecom Service Assurance Market is driven by an increase in the number of cellular/mobile subscribers and the growing need to automate network operations due to high customer churn. However, concerns over data privacy about telecom service assurance solutions is a major factor that is expected to restrain market growth.
The Telecom Service Assurance Market comprises several global players who offer various types of solutions. For instance, Comarch SA offers intelligent assurance & analytics and integrated assurance solutions. Integrated assurance helps in addressing the issues in telecom services by analyzing the challenges faced by customers while using telecom services. These challenges can be in relation to call drops, or interrupted Internet services. Intelligent assurance & analytics is an enhanced version of integrated assurance that uses big data analytics, artificial intelligence module using machine learning algorithms to apply predictive maintenance, for the automated gathering of data related to best practices for preventing and solving network and service faults and problems.
The Telecom Service Assurance Market is expected to expand at a 9.30% CAGR, with USD 13.2 billion in 2030Â during the forecast period.
Telecom Service Assurance Market Regional Analysis:Geographically, the global telecom service assurance market has been segmented into Asia-Pacific, North America, Europe, the Middle East & Africa, and South America.
North America accounts for the largest share in the global telecom service assurance market. Some of the factors that are responsible for the growth of the market include the growing deployment of such solutions by key telecom operators in the region including Verizon and Frontier Communications. Moreover, the presence of a number of telecom service assurance companies offering comprehensive solutions to the CSPs, further propels the North American telecom service assurance market.
Europe has occupied the second position in the market. For the purpose of this study, Europe has been segmented into the UK, Germany, France, Spain, Italy, and the rest of Europe. According to MRFR analysis, the UK is expected to gain the highest market share, followed by Germany and France. Growing need to offer enhanced customer experience for the service is the key factor for the growth of the market in the region.
Telecom Service Assurance Market Companies Covered:The Key Players operating in the Global Telecom Service Assurance Market are Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise Development LP (US), Accenture (Ireland), Comarch SA (Poland), IBM (US), VMware (US), TEOCO Corporation (US), Nokia (Finland), NETSCOUT Systems, Inc. (US), Anritsu (Japan), Centina Systems (US), Enghouse Networks (US), Infovista (US), NEC Corporation (Japan), and MYCOM OSI (US)
Telecom Service Assurance Market Key Developments:
Key questions addressed by the report
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