Telecom Service Assurance Market Financial Overview and Growth Prospects Predicted by 2027 | COVID-19 Effects

Global Telecom Service Assurance Market Research Report: By Component (Product and Services), Deployment (On-Premise and Cloud), Operator Type (Mobile Operator and Fixed Operator) and Region (North America, Europe, Asia-Pacific, South America and the Middle East and Africa)

Market Analysis 

The global telecom service assurance market size will touch USD 9.32 billion at a 9.3% CAGR between the forecast period 2020- 2027, according to the new Market Research Future (MRFR) analysis. Telecom service assurance includes a systematic process to enhance and improve the quality of all services offered to the customers by the communication service providers (CSP). 

Various factors are propelling the global telecom service assurance market share. According to the recent MRFR’s data driven research, such factors include a rise in mobile/cellular subscribers, a growing need to automate network operations for high customer churn, and an increase in the use of smartphones. Additional factors adding market growth include the exponential growth in the global IP traffic and cloud traffic, growing complexities in the communication network ecosystem by IoT and 5G technologies. 

On the flip side, concerns about data privacy, coupled with the impact of the on-going COVID-19 pandemic may deter the global Telecom Service Assurance Market Research size over the forecast period. 

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Market Segmentation 

The MRFR report highlights an inclusive segmental analysis of the global telecom service assurance market based on vertical, operator type, and deployment. 

By component, the global telecom service assurance market is segmented into services and product. Of these, the product segment will lead the market over the forecast period and at a high CAGR. 

By deployment, the global telecom service assurance market is segmented into on-premise and cloud. Of these, the cloud-based segment is predicted to dominate the market over the forecast period at a favorable CAGR. 

By operator type, the global telecom service assurance market is segmented into fixed operator and mobile operator. Of these, the mobile operator is predicted to spearhead the market over the forecast period at an admirable CAGR. 

Regional Analysis

By region, the telecom service assurance market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), South America, and the Middle East Africa (MEA). Of these, North America will dominate the market over the forecast period. The growing deployment of these solutions by leading telecom players, coupled with the presence of several telecom service assurance companies offering comprehensive solutions to CSPs, are adding to the global telecom service assurance market growth in the region. 

In Europe, the telecom service assurance market is predicted to hold the second-largest share over the forecast period. The burgeoning need to give improved customer experience for the service is adding to the global telecom service assurance market growth in the region. The United Kingdom has the utmost share in the market. 

In the APAC region, the telecom service assurance market is predicted to have a healthy growth over the forecast period. The growing number of companies, coupled with the need for effective management of queues, is adding to the global telecom service assurance market growth in the region. 

In South America and the MEA is predicted to have sound growth in the market over the forecast period. 

Key Players Analysis 

Top key players profiled in the global telecom service assurance industry report include MYCOM OSI (US), NEC Corporation (Japan), Infovista (US), Enghouse Networks (US), Centina Systems (US), Anritsu (Japan), NETSCOUT Systems, Inc. (US), Nokia (Finland), TEOCO Corporation (US), VMware (US), IBM (US), Comarch SA (Poland), Accenture (Ireland), Hewlett Packard Enterprise Development LP (US), and Huawei Technologies Co., Ltd (China). Industry players have incorporated several strategies to stay at the forefront and also cater to the customers growing needs, such as partnerships, mergers and acquisitions, joint ventures and collaborations, strategic alliances, and others. 

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Telecom Service Assurance Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East Africa, and South America)—Forecast till 2030

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