Newly released telecom service assurance market analysis report by Future Market Insights shows that global telecom service assurance market reached USD 7.1 billion in 2022. The market is anticipated to experience a CAGR of 8.9% from 2023 to 2033, resulting in an increase from USD 7.66 billion in 2023 to USD 18.03 billion by 2033.
| Attributes | Details |
|---|---|
| Telecom Service Assurance Market Size (2023) | USD 7.66 billion |
| Telecom Service Assurance Market Size (2033) | USD 18.03 billion |
| Telecom Service Assurance Market CAGR (2023 to 2033) | 8.9% |
| Key Companies Covered | Nokia Corporation; Broadcom Inc.; Cisco Systems, Inc.; Tata Consultancy Services Limited; Accenture PLC; IBM Corporation; JDS Corporation; NEC Corporation; Hewlett-Packard Company; Ericsson Inc. |
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As per the Telecom Service Assurance Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value of the Telecom Service Assurance Market increased at around 6.8% CAGR.
The telecom service assurance market has been addressing customer compatibility issues. A customer compatibility issue occurs when data from one platform does not function effectively on another.
Some applications or systems may work in one environment but not in the other. If all of the software in use is from the same company, the same instructions and processes will apply across the board, making it easy to teach and familiarize personnel with them.
In 2017, there were 7.5 billion IoT connections, according to the Universal Mobile telecommunication Communications Association, and this figure is projected to climb to 25.2 billion by 2025.
A collection of processes and rules implemented by the communication service provider to ensure that the service offered over networks meets the pre-defined services standard of quality for improved user experience.
The rising need for cost-effective and high-performance solutions, as well as the capacity to assess service performance and quality, are some of the drivers driving the emergence of the telecom service assurance business.
As per the findings of GMSA, the number of unique mobile subscribers will reach 5.9 billion by 2025, accounting for roughly 71% of the global population.
With the surge in the number of subscribers, service providers will be forced to address crucial issues such as demand for specialty products, greater consumer churn, and a faster response rate, which will drive the implementation of Telecom service assurance.
Etisalat has chosen Netcracker Domain Orchestration technologies to support its aim of introducing unique and modern 5G services to the market. This covers 5G slicing management along a multivendor, cloud-native 5G base system as well as throughout the full network.
These capabilities may also be carried to the edge of the network in order to allow new high-value 5G services and apps that require multi-access edge computing in order to fulfill Etisalat's demanding quality of experience requirements
During the projected period, the market in APAC is predicted to expand at the fastest rate. Asian telecommunication firms, vendors, and government organizations are competing to be the first to market with 5G applications and development.
The most significant use application in APAC was providing new video offerings via improved bandwidth. Connected automobiles and IIoT are primary drivers in Japan and South Korea, whereas connected healthcare is has been gaining traction in India, Australia, & Vietnam.
Mobile and internet penetration is expected to rise in economies like India, Bangladesh, and the other Southeast Asian countries as consumer spending rises. Mobile penetration in APAC will rise from 67% in 2017 to 73% in 2025. As per the GSMA, mobile broadband penetration will increase from 41% in 2017 to 64% in 2025.
Amdocs, a provider of business software to information and communications enterprises, have partnered with and Google Cloud to deliver Amdocs' foremost OSS and BSS mechanisms on Google Cloud, as well as to develop solutions and assistance to support communications companies modernize, automate, and digitize their operations with the cloud.
Amdocs will operate its market-leading professional presence on Google Cloud's Anthos, allowing CSPs to deploy throughout multi-cloud environments. On Google Cloud, Amdocs will provide its Data Hubs as well as Data Intelligence analytics tools.
Amdocs and Google Cloud also will collaborate on a new, all-encompassing analytics solution to assist CSPs use data to improve service dependability and customer experiences.
By the end of 2033, the United States is expected to hold the leading market share, having attained 20.2% of the global market share in 2022. Technological advancements and an increase in customer demand for bandwidth-intensive apps and high-quality network experiences are the key drivers of growth.
Ericsson and USA Cellular have recently established a collaboration to assist speed ongoing improvements to USA Cellular's 5G network. The agreement involves the implementation of USA Cellular's recent acquisition C-band with 3.45GHz spectrum, allowing increased Fixed Wireless Access.
Ericsson offers an efficient Antenna Integrated Radio unit in conjunction with Ericsson's Uplink Booster, allowing for instant resource and minimal bandwidth consumption, and also leading network expertise, to support USA Cellular's plan to expand mid-band capacity for both cell phone and Fixed Wireless Access customers.
Ericsson's sophisticated mid-band coverage extension capabilities, along with Carrier Aggregation network services, will improve capacity and coverage for USA Cellular users at home and on the move.
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The Solution segment is forecasted to grow at a CAGR of over 9.1% during 2023 to 2033. The demand for technical support solutions is likely to rise as telecom service assurance solutions become more widely used by CSPs.
DZS, a provider of access networks and cloud software systems, agreed to terms of a formal agreement to acquire certain key resources of Adaptive Spectrum & Signals Alignment Inc., a pioneer in broadband internet performance solutions.
The award-winning Clouds Checking Wireless internet experience management also Expresse access-network optimization products, which have been used by top tier 1 operators across the world, are among these assets.
DZS will get a team of highly qualified digital and AI software developers, architects, and business executives as a part of the deal. DZS Cloud will get business intelligence and network intelligence operations from the purchased software solutions, which include controlled WiFi solutions, access-network optimizations, and intelligent automation tools.
The leading players in the global Telecom Service Assurance Market include Accenture plc, Broadcom Inc, Cisco Systems Inc., Comarch S.A., Ericsson Inc., Hewlett Packard Enterprise Development LP, Huawei Technologies Co. Ltd., and International Business Machine Corporation.
These market players are spending in product launches, collaborations, mergers and acquisitions, and expansions to obtain a competitive advantage in the sector.
Some of the recent developments in the Telecom Service Assurance Market include:
Similarly, recent developments related to companies in Telecom Service Assurance Market have been tracked by the team at Future Market Insights, which are available in the full report.
The market is valued at USD 7.66 billion in 2023.
The global market size will reach USD 18.03 billion by 2033.
North America is projected to emerge as a lucrative market.
The growth potential of the market is 8.9% through 2033.
India, Japan, and China dominate the Asian market.
| Estimated Size, 2024 | USD 212.93 billion |
|---|---|
| Projected Size, 2034 | USD 355.19 billion |
| Value-based CAGR (2024 to 2034) | 5.3% |
| Market CAGR (2022 to 2032) | 7.5% |
|---|---|
| Market Estimated Size (2022) | USD 1309.7 Million |
| Market Projected Valuation (2032) | USD 2705.6 Million |
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