Market Research Future (MRFR), in its latest Telecom Service Assurance Market report, discusses determiners and restraints of the market. As per MRFR study, the telecom service assurance global market is likely to rise at 9.3% CAGR by 2025.
The rise in demand for better quality solutions from communication service providers can prompt the growth of the Telecom Service Assurance Market 2020. MRFR deployed fail safe modern market research methods for primary and secondary analysis of the worldwide Telecom Service Assurance Market. MRFR study reveals that the Telecom Service Assurance Market can value at $9.32 Bn by 2025.
The availability of different service assurance tools and solutions, such as performance management, fault and event management, network traffic management, network and service testing, quality of service management, and customer experience management can promote the growth of the Telecom Service Assurance Market. The rise in adoption of such telecom service assurance solutions among CSPs can support the expansion of the Telecom Service Assurance Market growth. The introduction of value-added services, such as IPTV, VOIP, and video services due to the growing requirement for assurance services can make significant contribution to the growth of the worldwide Telecom Service Assurance Market. On the contrary, the growing concerns over data privacy in telecom service assurance solutions can hinder the expansion of the market of Telecom Service Assurance Market.
MRFR listed major players of the Telecom Service Assurance Market. They are; Hewlett Packard Enterprise Development LP (US), Huawei Technologies Co. Ltd (China), Accenture (Ireland), IBM (US), Comarch SA (Poland), VMware (US), Nokia (Finland), TEOCO Corporation (US), Anritsu (Japan), NETSCOUT Systems Inc. (US), Enghouse Networks (US), Centina Systems (US), NEC Corporation (Japan), Infovista (US), and MYCOM OSI (US)
The Telecom Service Assurance Market study is based on component, deployment, and operator type.
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The component-based segments of the Telecom Service Assurance Market are product and services. The product segment is accounted for the higher share of the worldwide market. The services segments are managed services and professional services. The professional services segment is expected to surge due to the rise in need for support and maintenance services, following training solutions. MRFR study states that the service segment can produce considerable revenue for the forecast period.
The deployment-based segments of the Telecom Service Assurance Market are cloud and on-premise. The cloud-based segment can produce significant revenue for the global telecom service assurance solution market against a decent CAGR through the study period. Telecommunication operators are opting for cloud-based solutions due to the reduction of overall maintenance and upgrading cost.
The operator type-based segments of the Telecom Service Assurance Market are mobile operator and fixed operator. Alterations in the mobile operator segment can affect the telecom service assurance worldwide market at a rapid growth pace in the forecast period.
North America Telecom Service Assurance Market is likely to be at the global forefront. It is expected to secure the grand share of the telecom service assurance global market. The high deployment of assurance solutions by prominent telecom operators, such as Verizon and Frontier Communications, can underline the expansion of the market in North America. In addition, the existence of several telecom service assurance providers offering comprehensive solutions to CSPs can encourage the rise of the North American Telecom Service Assurance Market.
Europe to secure the second rank in the market. The UK, followed by Germany and France, are likely to spearhead EU on Telecom Service Assurance Market. The rise in requirement to provide better customer experience can boost the market growth in Europe.
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