December 01, 2020
According to the report titled ‘Global Telecom Service Assurance Market Size study, by Solution (Products and Services), by Operator Type (Mobile Operator and Fixed Operator), by Deployment Mode (On-Premises and Cloud), by Organization Size (Large Enterprises and SMEs) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global telecom service assurance market was worth USD 5.5 billion in 2019 and is anticipated to record a 9.2% CAGR during 2020-2027.
Large scale implementation of NFV (network function virtualization) and SDN (software defined networking), inclination towards automating network operations owing to high customer churn and low ARPU (average revenue per user) from voice and data services, along with increasing number of cellular/mobile subscribers are primarily driving the growth of global telecom service assurance market. As per Statista, 886.3 million mobile subscribers were recorded in India in 2013, which reached 1168.31 million users in 2019.
For those uninitiated, telecom service assurance is referred to as the implementation of standardized procedures and policies to ensure quality service to the subscribers. It serves as a tool for maximizing the performance of the service provider and enables information to be obtained from other systems and converged networks containing cable access domains, fixed-mobile operators, and IT infrastructure. Telecom service assurance automates business process through end to end event processing and allows management of complex value chain digital services.
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To sustain in the competitive environment, major players are introducing services and other planned alliance, which is stimulating global telecom service assurance industry expansion. Citing an instance, Amdocs and Samsung partnered to fuel deployment of CSP’s 5G open cloud networks. Such alliances will provide 5G services with advanced and controlled network delivery, improved speed, and greater scope and reach to consumers and business customers.
However, data privacy concerns are likely to restrain the renumeration scale of global telecom service assurance industry over the study period.
Based on solution type, the market is split into services, and products. Speaking of operator type, worldwide telecom service assurance industry is divided into fixed operator, and mobile operator. As per deployment mode, the industry is categorized into cloud, and on-premises. Moving on to organization size, the market is classified into SMEs, and large enterprises.
Citing the regional landscape, worldwide telecom service assurance industry sphere is segmented into Asia Pacific, Europe, Latin America, North America, and Rest of the World. The report claims that North America currently holds considerable market share and is slated to grow substantially over the estimated timeframe, on account of growing adoption of IoT and 5G technologies.
Major contenders influencing global telecom service assurance market dynamics are Nokia Corporation, Huawei Technologies Co. Ltd., Comarch SA, Accenture plc, Amdocs Corporation, NEC Corporation, Hewlett Packard Enterprise, Telefonaktiebolaget L M Ericsson, and Broadcom (CA Technologies).