CHICAGO, Dec. 4, 2019 /PRNewswire/ -- According to a new market research report "Telecom Service Assurance Market by Solution (Products (Fault and Event Management, Performance Management) and Services), Operator Type (Mobile and Fixed), Deployment Type (On-Premises and Cloud), and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global TSA market size is expected to grow from USD 5.7 billion in 2019 to USD 8.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.4% during the forecast period.
The major factors expected to drive the growth of Telecom Service Assurance Market are the increasing number of cellular/mobile subscribers, and growing need of operators to automate network operations due to high customer churn and low Average Revenue per User (ARPU) from voice and data services. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of Internet of Things (IoT) are expected to offer huge market opportunities for TSA vendors in the next 5 years.
Browse in-depth TOC on "Telecom Service Assurance Market"
103 – Tables
38 – Figures
137 – Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202411888
Quality and Service Management segment to record the highest growth rate during the forecast period
Under the products segment, the quality and service management segment is expected to grow at the highest growth rate during the forecast period. Quality and service management solutions aim to transform traditional network-centric telecom monitoring into customer-centric telecom service quality management. It enables the proactive management of digital services in complex ecosystems that can span physical, hybrid, and virtualized networks. The solutions help Communication Service Providers (CSPs) simplify the complexity of services and networks by providing end-to-end visibility across all domains and services, real-time service impact analysis with integrated automation, and root cause analysis.
Mobile operators segment to record the higher CAGR during the forecast period
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In the TSA market by operator type, mobile operators are expected to record the higher CAGR during the forecast period. The total number of mobile operators is 750 around the world, as per the report by GSMA. Due to increased competition, the mobile operator focuses on network, service, and end-user related data to deliver optimal service performance and customer experience management. TSA solutions help both the fixed and mobile operators gain full network visibility with a clear and unified view of their customers' experience, thereby ensuring quality of service and quality of experience for voice, data, Voice over Long-Term Evolution (VoLTE), Short Message Service (SMS), fixed mobile, and broadband services.
Speak to Our Expert Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=202411888
North America to hold the largest market size during the forecast period
North America is expected to hold the largest market size in the global Telecom Service Assurance Market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as 5G, cloud, analytics, and IoT, across the US organizations. Moreover, the US is one of the most advanced countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups.
Key and emerging market players include Broadcom (CA Technologies)(US), Ericsson(Sweden), HPE (US), NEC Corporation (Japan), Nokia (Finland), Accenture(Ireland), Amdocs(US), Comarch S.A. ( Poland), Huawei (China), IBM (US), NETSCOUT (US), Spirent (UK), TEOCO (US), MYCOM OSI (UK), EXFO(US), Intracom Telecom(Greece), RADCOM(Israel), Anritsu(Japan), VMware (US), Centina (US), Infovista (US), Arris International Limited (US), Enghouse Networks (Canada), and VIAVI(US).
Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/telecom-service-assurance-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/telecom-service-assurance.asp
SOURCE MarketsandMarkets
The major factors expected to drive the growth of Telecom Service Assurance Market are the increasing number of cellular/mobile subscribers, and growing need of operators to automate network operations due to high customer churn and low Average Revenue per User (ARPU) from voice and data services. Exponential growth in the global Internet Protocol (IP) traffic and cloud traffic, and prominence of Internet of Things (IoT) are expected to offer huge market opportunities for TSA vendors in the next 5 years.
Browse in-depth TOC on "Telecom Service Assurance Market"
103 – Tables
38 – Figures
137 – Pages
Download PDF Brochure:
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=202411888
Quality and Service Management segment to record the highest growth rate during the forecast period
Under the products segment, the quality and service management segment is expected to grow at the highest growth rate during the forecast period. Quality and service management solutions aim to transform traditional network-centric telecom monitoring into customer-centric telecom service quality management. It enables the proactive management of digital services in complex ecosystems that can span physical, hybrid, and virtualized networks. The solutions help Communication Service Providers (CSPs) simplify the complexity of services and networks by providing end-to-end visibility across all domains and services, real-time service impact analysis with integrated automation, and root cause analysis.
Mobile operators segment to record the higher CAGR during the forecast period
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In the TSA market by operator type, mobile operators are expected to record the higher CAGR during the forecast period. The total number of mobile operators is 750 around the world, as per the report by GSMA. Due to increased competition, the mobile operator focuses on network, service, and end-user related data to deliver optimal service performance and customer experience management. TSA solutions help both the fixed and mobile operators gain full network visibility with a clear and unified view of their customers' experience, thereby ensuring quality of service and quality of experience for voice, data, Voice over Long-Term Evolution (VoLTE), Short Message Service (SMS), fixed mobile, and broadband services.
Speak to Our Expert Analyst:
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=202411888
North America to hold the largest market size during the forecast period
North America is expected to hold the largest market size in the global Telecom Service Assurance Market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as 5G, cloud, analytics, and IoT, across the US organizations. Moreover, the US is one of the most advanced countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups.
Key and emerging market players include Broadcom (CA Technologies)(US), Ericsson(Sweden), HPE (US), NEC Corporation (Japan), Nokia (Finland), Accenture(Ireland), Amdocs(US), Comarch S.A. ( Poland), Huawei (China), IBM (US), NETSCOUT (US), Spirent (UK), TEOCO (US), MYCOM OSI (UK), EXFO(US), Intracom Telecom(Greece), RADCOM(Israel), Anritsu(Japan), VMware (US), Centina (US), Infovista (US), Arris International Limited (US), Enghouse Networks (Canada), and VIAVI(US).
Browse Adjacent Markets: Mobility and Telecom Market Research Reports & Consulting
Browse Related Reports:
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/telecom-service-assurance-market.asp
Visit Our Website: https://www.marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/telecom-service-assurance.asp
SOURCE MarketsandMarkets
Filed Under: Business
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