Telecom Service Assurance Market Size Expected To Reach US$ 11.6 Billion With CAGR 8.6% By 2028

According to the latest report by IMARC Group, titled "Telecom Service Assurance Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global telecom service assurance market size reached US$ 7.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.6 Billion by 2028, exhibiting a growth rate (CAGR) of 8.6% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Report Metric

Historical: 2017-2022

Base Year: 2022

Forecast Year: 2023-2028

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Telecom Service Assurance Industry Definition and Application:

Telecom service assurance is an essential process that involves continuously improving and maintaining network services offered by telecommunication companies to meet predetermined quality standards. It is generally implemented by using various network monitoring tools to perform regular checks and tests on services and applications for detecting and addressing issues promptly. Nowadays, modern telecom service assurance offers several functions, such as reactive and proactive support processes to ensure reliable service delivery, reducing the risk of disruptions during planned network upgrades or modifications, and providing higher visibility of network topologies and contextual information.

Telecom Service Assurance Market Trends and Drivers: 

The global telecom service assurance market is primarily driven by the rising need for telecom companies to explore new business opportunities and keep up with rapid innovations due to evolving customer expectations. Moreover, the escalating demand for the automation of network and service management owing to the emergence of 5G, virtualization, and the Internet of Things (IoT) technologies to optimize silos and ensure effective service assurance is positively influencing the market growth. Additionally, the surging adoption of new-generation platforms due to the increasing complexity of technology ecosystems and a substantial shift toward converged networking has catalyzed market growth. Other factors, including rising demand for telecom power systems, the rapid expansion of telecom infrastructure in rural areas, and the increasing popularity of wireless communication technologies, are also anticipated to propel the market growth.

Report Segmentation:

The report has segmented the market into the following categories:

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:

• 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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