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Telecom Service Assurance Market (Operator Type - Mobile Operator, and Fixed Operator; Deployment - On-premise, and Cloud): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : ICT1463

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on the telecom service assurance market provides an in-depth analysis of segments and sub-segments in the global as well as regional telecom service assurance market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional telecom service assurance market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global telecom service assurance market. According to the report, the global telecom service assurance market is projected to grow at a CAGR of 8.9% over the forecast period of 2020-2026.

 

Market Insight

Telecom service assurance providers implement the standardized policies and procedures to assure the service quality for the subscriber. The adoption of telecom service assurance decreases the cost of maintenance, improves, and consistent service quality, and enhances customer quality. The Covid-19 induced economic crisis is having a profound impact on the global economy, as businesses scramble to navigate an ever-changing environment and fall in demand. The telecom is expected to be the most impacted sector in the short and middle to long term. The telecom service assurance market is expected to be hit severely in 2020 as the country has resorted to lockdown to control the spread of the disease. The working from home, video conferencing, video streaming, online gaming, and social media is expected driven network traffic during the COVID-19 pandemic. Additionally, shortage of workforce availability and weakening foreign currency exchange rates are expected to effects the revenue of the telecom sector.

 

Additionally, audio and video clarity, no call drop, and strong accessibility and reach are other factors is likely to augment the market growth. Moreover, the increasing mobile subscriber base and new mobile internet subscribers across the globe are some supporting factors escalating the growth of the market. As per the.pewresearch.org, in 2018, it is estimated that more than 5 billion people have mobile devices, where over of these connections are smartphones. However, increasing concern regarding data security due to the growth in the number of subscribers in the telecom sectors is likely to hamper the growth of the telecom service assurance market over the forecast period. Going further, the launch of VoWiFi services to improves indoor coverage and provides a cost-efficient roaming solution creates growth opportunities for the growth of the telecom service assurance market in the near future. Further, telecom players are concentrating on high investment in the telecom service assurance solution to meet the increasing demand of customers.

 

Among the regions, North America dominates the global telecom service assurance market throughout the forecast period due to the high adoption of telecom technologies. Europe is expected to hold the second position in this market due to the growing demand for 5G services. Asia Pacific is likely to be the fastest-growing region in the telecom service assurance market owing to the development of the telecom sector along with growth in the IT sector. The growing consumer purchasing power in developing countries is expected to increase Smartphone and internet penetration. 

 

Segment Covered

The report on the global telecom service assurance market covers segments such as operator type, and deployment. On the basis of operator type, the sub-markets include mobile operator, and fixed operator. On the basis of deployment, the sub-markets include on-premise, and cloud.

 

Companies Profiled:

The report provides profiles of the companies in the market such as VMware, Inc., Intracom Telecom., Spirent Communications plc., International Business Machines Corporation., Huawei Technologies Co., Ltd., Comarch, Accenture plc, Nokia Corporation., The Hewlett Packard Enterprise Company., NETSCOUT Systems, Inc., and Amdocs.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of telecom service assurance market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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