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.
Telecom service assurance providers implement 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. 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 that 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. The 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.
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.
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.
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 the telecom service
assurance market. Moreover, the study highlights current market trends and
provides forecasts 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.