Market Analysis
Market Research Future (MRFR) estimates the global telecom service assurance market to achieve USD 9.32 billion at a 9.3% CAGR from 2020 to 2027 (forecast period).
Rise in the Number of Cell Cellular/ Mobile Subscribers
The expanding mobile subscriber base is driving the telecom service assurance Industy. According to the GSMA, The Mobile Economy 2019 report, there were roughly 5.1 billion new mobile subscribers in 2018, with smartphones accounting for 60% of the connections, and the number is expected to reach nearly 6 billion in 2025, with smartphones accounting for an 80% share. The increased use of smartphones creates a massive increase in wireless data traffic, necessitating the need for telecom service assurance solutions to handle this expanding traffic volume. Telecom service assurance solutions improve network optimization and provide an amazing customer experience. To address the needs of the expanding number of subscribers, telecom companies have made significant investments in telecom service assurance solutions.
Get a Free Sample @
https://www.marketresearchfuture.com/sample_request/8719
COVID-19 to Positively Impact the Global Market
The telecom industry is suffering the impact of the COVID-19 outbreak. Due to the worldwide lockdown, fixed broadband networks have taken up the lion's share of the responsibility for keeping the people connected. Working from home (video conferencing, collaboration, and VPNs), learning from home (video conferencing and collaboration, and e-learning platforms), and entertainment all added to a 30-40% increase in network traffic overnight (online gaming, video streaming, and social media). Telecommunications companies are facing issues as a result of a worker shortage and a decline in currency exchange rates.
The COVID-19 outbreak has had a significant influence on economies and societies in a short period of time. With offices, educational institutions, and manufacturing units closing indefinitely, significant sports and events being delayed, and work-from-home and social distancing rules in effect, businesses are constantly searching for solutions to help them through these difficult times.
Market Segmentation
The global telecom service assurance industry has been segmented on the basis of components and vertical.
Based on the component, the global telecom service assurance market has been segmented into products and services.
Based on deployment, the worldwide telecom service assurance market has been segmented into cloud and on-premise.
Based on operator type, the telecom service assurance market has been segmented into the mobile operator and fixed operator.
Industry News
In June 2020, in response to the COVID-19 crisis for education and learning around the world, Ericsson had officially joined the UNESCO-led Global Education Coalition. Ericsson Educate is a digital program that provides online learning content aimed at increasing digital skills for students in secondary schools and universities.
Regional Analysis
North America to Lead the Global Market
North America holds the highest proportion of the worldwide telecom service assurance market. Some of the reasons driving market expansion include the increasing deployment of such solutions by important telecom providers in the region, such as Verizon and Frontier Communications. Furthermore, the existence of a number of telecom service assurance businesses providing comprehensive solutions to CSPs boosts the North American telecom service assurance market.
Key Players
The key players operating in the global telecom service assurance market are Huawei Technologies Co., Ltd (China), Hewlett Packard Enterprise Development LP (US), Accenture (Ireland), Comarch SA (Poland), IBM (US), VMware (US), TEOCO Corporation (US), Nokia (Finland), NETSCOUT Systems, Inc. (US), Anritsu (Japan), Centina Systems (US), Enghouse Networks (US), Infovista (US), NEC Corporation (Japan), and MYCOM OSI (US).
Browse Complete Report @
https://www.marketresearchfuture.com/reports/telecom-service-assurance-market-8719
Telecom Service Assurance Market Research Report: Information by Technology (Hall Effect, Magneto Resistive, Variable Reluctance), By Application (Automotive, Industrial, Aerospace & Defense, Consumer Electronics) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America)—Forecast till 2030
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Contact:
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
