Global telecom service assurance market is set to witness a substantial CAGR in the forecast period of 2020 to 2026. In telecommunications, service assurance is the implementation by a Communications Service Provider (CSP) of policies and procedures to guarantee that services provided through networks fulfill a pre-set standard of service quality for an ideal subscriber experience.
The massive rise in subscriber numbers, the need for elevated optimization & enhanced total investments, and the capacity to assess service efficiency & Quality of Service (QoS) have resulted to enhanced claim for telecom service assurance alternatives.
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Major Market Players
Few of the major competitors currently working in the global telecom service assurance market are Broadcom, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Development LP, NEC Technologies India Private Limited, Nokia, Accenture, Amdocs, Comarch SA, Huawei Technologies Co., Ltd, IBM Corporation, MYCOM OSI, NETSCOUT, Oracle, Spirent Communications, Tata Consultancy Services Limited, TEOCO Corporation, VIAVI Solutions Inc., ZTE Corporation, Cisco Systems Inc., JDS Worldwide Corp among others.
Segmentation: Global Telecom Service Assurance Market
- By Solution (Software, Services)
- By Organization Size (Large Enterprises, SMES)
- By Deployment Type (On-Premises, Hosted, Cloud)
- By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Global telecom service assurance market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telecom service assurance market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
- Increasing number of consumers opting for devices that offer connectivity, fosters the growth of the market
- Ability to measure the performance of a service and Quality of Service (QoS), is helping the market to grow
- Need for high optimization and increased cost savings, is fueling the growth of the market
- Voluminous increase in the number of subscribers, is driving the growth of the market
- Data privacy issues, hinders the growth of the market
- Resistance to adoption of new technologies, restraints the market growth
- Conflict to modify organizations, hampers the growth of the market
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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