Telecom Service Assurance Market, MRFR Growth Trending Report Margins, Top Key Players at a CAGR of according to Emerge Research Report Forecast By 2027

 

 


 

Market Scenario:

Market Research Future (MRFR) estimates the global Telecom Service Assurance Market to achieve USD 9.32 billion at a 9.3% CAGR from 2020 to 2027 (forecast period).

Rise in the Number of Cell Cellular/ Mobile Subscribers

The expanding mobile subscriber base is driving the telecom service assurance market. According to the GSMA, The Mobile Economy 2019 report, there were roughly 5.1 billion new mobile subscribers in 2018, with smartphones accounting for 60% of the connections, and the number is expected to reach nearly 6 billion in 2025, with smartphones accounting for an 80% share. The increased use of smartphones creates a massive increase in wireless data traffic, necessitating the need for telecom service assurance solutions to handle this expanding traffic volume. Telecom service assurance solutions improve network optimization and provide an amazing customer experience. To address the needs of the expanding number of subscribers, telecom companies have made significant investments in telecom service assurance solutions.

 

COVID-19 to Positively Impact the Global Market

The telecom industry is suffering the impact of the COVID-19 outbreak. Due to the worldwide lockdown, fixed broadband networks have taken up the lion's share of the responsibility for keeping the people connected. Working from home (video conferencing, collaboration, and VPNs), learning from home (video conferencing and collaboration, and e-learning platforms), and entertainment all added to a 30-40% increase in network traffic overnight (online gaming, video streaming, and social media). Telecommunications companies are facing issues as a result of a worker shortage and a decline in currency exchange rates.

The COVID-19 outbreak has had a significant influence on economies and societies in a short period of time. With offices, educational institutions, and manufacturing units closing indefinitely, significant sports and events being delayed, and work-from-home and social distancing rules in effect, businesses are constantly searching for solutions to help them through these difficult times.

 

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Competitive Outlook:

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).

Segmentation:

The global telecom service assurance industry has been segmented on the basis of components and vertical.

Based on the component, the global telecom service assurance market has been segmented into products and services. 

Based on deployment, the worldwide telecom service assurance market has been segmented into cloud and on-premise. 

Based on operator type, the telecom service assurance market has been segmented into the mobile operator and fixed operator. 

 

Regional Analysis:

North America to Lead the Global Market

North America holds the highest proportion of the worldwide telecom service assurance market. Some of the reasons driving market expansion include the increasing deployment of such solutions by important telecom providers in the region, such as Verizon and Frontier Communications. Furthermore, the existence of a number of telecom service assurance businesses providing comprehensive solutions to CSPs boosts the North American telecom service assurance market.

Industry News

In June 2020, in response to the COVID-19 crisis for education and learning around the world, Ericsson had officially joined the UNESCO-led Global Education Coalition. Ericsson Educate is a digital program that provides online learning content aimed at increasing digital skills for students in secondary schools and universities.

 

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Table of Contents:

1          Executive Summary

2          Scope of the Report

2.1       Market Definition

2.2       Scope of the Study

2.2.1    Research objectives

2.2.2    Assumptions & Limitations

2.3       Markets Structure

Continued…

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About Market Research Future:

Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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