According to the latest report by IMARC Group, titled “Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global telecom service assurance market size reached US$ 6.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 8.79% during 2022-2027.

Telecom service assurance is a strategy adopted by telecommunications operators to meet customer expectations. It is a vertical end process grouping that is responsible for the execution of proactive and reactive maintenance activities. It ensures high quality of service and optimal subscriber experience.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The global market is majorly driven by the rising number of smartphone users. A considerable decrease in the average selling prices (ASP) of smartphones and continual improvements in the network infrastructure is further supporting the uptake of telecom service assurance across the globe. Furthermore, the widespread integration of cloud-based solutions with telecom service assurance has significantly contributed to the market growth as it is widely required by the telecom operators to improve the overall flexibility in business operations. Apart from this, the increasing popularity of wireless technologies, along with the extensive research and development (R&D) activities conducted by key players, has also provided an impetus to market growth.

Breakup by Operator:

• Fixed
• Mobile

Breakup by Solution:

• Software
• Services

Breakup by Deployment:

• On-premises
• Cloud-based

Breakup by Organization Size:

• Small and Medium-sized Enterprises
• Large Enterprises

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Accenture plc
• Broadcom Inc
• Cisco Systems Inc
• Comarch S.A
• Ericsson Inc
• Hewlett Packard Enterprise Development LP
• Huawei Technologies Co. Ltd
• International Business Machine Corporation
• NETSCOUT Systems Inc
• Nokia Oyj
• TEOCO

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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