Telecom Service Assurance Market Research, 2030
The telecom service assurance market is expected to grow at a CAGR of 9.30% from 2022 to 2030, to reach a value of $13.2 billion by 2030. The growth of the market is driven by the increasing demand for high-quality and reliable telecom services, the rising adoption of next-generation technologies such as 5G and cloud computing, and the growing need to improve operational efficiency and customer experience.
Key Companies in the Telecom Service Assurance Market
Some of the key players in the telecom service assurance market include:
- IBM Corporation
- Cisco Systems, Inc.
- Nokia Corporation
- Hewlett Packard Enterprise Development LP
- Tata Consultancy Services Limited
- Verizon Communications
- NTT Corporation
- Huawei Technologies
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These companies offer a wide range of TSA solutions, including fault and event management, performance management, quality and service management, and network planning and optimization.
The telecom service assurance market is segmented by component, operator type, deployment type, organization size, and region.
By component, the market is segmented into solutions and services. The solutions segment is further segmented into fault and event management, performance management, quality and service management, and network planning and optimization. The services segment includes consulting, implementation, and maintenance services.
By operator type, the market is segmented into fixed line operators and mobile operators.
By deployment type, the market is segmented into on-premises and cloud-based.
By organization size, the market is segmented into small and medium-sized enterprises (SMEs) and large enterprises.
By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Top Impacting Factors
The following are the top impacting factors of the telecom service assurance market:
- Increasing demand for high-quality and reliable telecom services
- Rising adoption of next-generation technologies such as 5G and cloud computing
- Growing need to improve operational efficiency and customer experience
- Increasing complexity of telecom networks
- Stringent regulatory compliance requirements
The key strategies adopted by the players in the telecom service assurance market include:
- Acquisitions and mergers
- Partnerships and collaborations
- Product innovation
- Expansion into new markets
- Focus on cloud-based solutions
North America is the leading market for telecom service assurance, followed by Europe and Asia Pacific. The growth of the market in North America is driven by the high adoption of next-generation technologies such as 5G and cloud computing, and the increasing demand for high-quality and reliable telecom services. The market in Asia Pacific is expected to grow at a rapid pace during the forecast period, due to the growing number of internet users and the increasing adoption of mobile devices.
Industry Latest News
- In March 2023, IBM announced the acquisition of Entuity, a provider of telecom service assurance solutions. This acquisition will help IBM to expand its portfolio of TSA solutions and offer a more comprehensive solution to its customers.
- In February 2023, Cisco Systems announced the launch of its new Cloud Network Assurance solution. This solution is designed to help organizations improve the performance and reliability of their cloud networks.
- In January 2023, Nokia announced the launch of its new Fault and Event Management solution. This solution is designed to help organizations reduce the time to identify and resolve network faults.
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