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Global Telecom Service Assurance Market 2021 Size, Share, Growth, Trends and Forecast, Business Opportunities and Future Investments

Telecom Service Assurance

The report focuses on the favorable Global “Telecom Service Assurance market” and its expanding nature. The Telecom Service Assurance market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The global telecom service assurance market was 6.95 billion in 2018 and is expected to be valued at 7.8 billion in 2024 registering a CAGR of 2.24% during the forecast period (2019-2024). A significant growth opportunity lies with the new mobile internet subscribers across the globe where every year 1.75 billion subscribers are added to reach a milestone of 5 billion by 2025 according to GMSA.
  • – According to GMSA by 2025 the unique mobile subscribers will reach 5.9 billion which is about 71% of the world’s population as the subscribers increase the service providers need to address the critical issues such as demand for niche products, high customer churn rate, a faster response rate which will drive the adoption of Telecom service assurance market.
  • – However, the lack of infrastructure in emerging economies may burden the companies with high initial costs which may hinder the growth of the market.
  • – The growth of IoT connections which is expected to grow three-fold by 2025 from 2017 reaching 25 billion by 2025 which will be a huge opportunity for telecom service assurance providers.
  • – The growth of the market is going to be driven by APAC, Latin America and MEA due to the regions growth penetration of mobile and internet users. The growth in developed economies is slowing down due to its mature internet and mobile penetration.

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    Key Manufacturers

  • Nokia Corporation
  • CA Technologies
  • Cisco Systems, Inc.
  • Tata Consultancy Services Limited
  • Accenture PLC
  • IBM Corporation
  • JDS Corporation
  • NEC Corporation
  • Hewlett
  • Packard Company
  • Ericsson Inc.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Telecom Service Assurance market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Telecom Service Assurance market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Telecom Service Assurance market have also been involved in the study.

    Scope of the Report:

  • The service assurance will enable communication service providers to resolve issues timely manner to reduce the downtime, includes processes and policies proactively to reach the desired SLAs. They will help to resolve issues without causing any interruption to services.

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    TOC of Telecom Service Assurance Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Telecom Service Assurance market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Telecom Service Assurance Market Report Covered:

    • The report analyses how Telecom Service Assurance market will grow in the future.
    • Analyzing various perspectives of the Telecom Service Assurance market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Telecom Service Assurance market shares and policies employed by the major market players.
    • Competitive landscape including the Telecom Service Assurance market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Telecom Service Assurance market players

    Key Market Trends:

    Services to Account for a Significant Share

    – Telecom service providers are struggling to keep pace with customer demands for bandwidth-intensive applications and high-quality network experiences.
    – Additionally, there is a necessity to manage multi-vendor environments with technology and operations silos that could lead to inefficiencies and negatively impact customer experience and brand value to overcome these above difficulties the telecom service providers are partnering with telecom service assurance providers to integrate with existing systems and provide timely feedback for the data.
    – IoT can be a great driver for the market as the adoption of IoT driven communication devices increases the scope for telecom service assurance market. According to GSMA, there are 7.5 billion IoT connections in 2017 which is set to increase to 25.2 billion connected devices by 2025.
    – The transition from connected customer to digital customer is going to drive the services segment in the market across regions.

    Asia-Pacific to Execute the Fastest Growth Rate

    – Vast geographic variations combined with a huge customer base that is increasing at a rapid pace is creating complexities in operation for telecom service providers. These complexities have led telecom service providers to invest in telecom service assurance.
    – The increasing consumer purchasing parity in emerging economies such as India, Bangladesh, and other southeast Asian countries is set to increase mobile and internet penetration. APACs mobile penetration will increase from 67% in 2017 to 73% in 2025. Mobile internet penetration is expected to rise from 41% in 2017 to 64% in 2025 according to GSMA. The above-cited reasons will drive the growth in the region.
    – Further, broadband and mobile infrastructure are in a developing stage, The mobile workforce, BYOD is gaining momentum in the region which will require monitoring the devices which will foster the growth of Telecom service assurance.

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    Study objectives of Telecom Service Assurance Market Report:

    • To provide a detailed analysis of the market structure along with the Telecom Service Assurance market forecast of various segments and sub-segments of the Telecom Service Assurance market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Telecom Service Assurance market trends that influence the global Telecom Service Assurance market

    Detailed TOC of Telecom Service Assurance Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Demand for Service Quality
    4.3.2 Significant Increase in the Number of Cellular Subscribers
    4.3.3 Rising Need for High Optimization and Increased Cost Savings
    4.4 Market Restraints
    4.4.1 Data Privacy Concerns
    4.4.2 Lack of Infrastructure in Emerging Economies
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-Premise
    5.1.2 Hosted
    5.2 By Service
    5.2.1 Professional
    5.2.2 Managed
    5.3 By System
    5.3.1 Probe System
    5.3.2 Network Management
    5.3.3 Workforce Management
    5.3.4 Fault Management
    5.3.5 Quality Monitoring
    5.3.6 Other System Types
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Nokia Corporation
    6.1.2 CA Technologies
    6.1.3 Cisco Systems, Inc.
    6.1.4 Tata Consultancy Services Limited
    6.1.5 Accenture PLC
    6.1.6 IBM Corporation
    6.1.7 JDS Corporation
    6.1.8 NEC Corporation
    6.1.9 Hewlett-Packard Company
    6.1.10 Ericsson Inc.

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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