Dublin, Nov. 29, 2021 (GLOBE NEWSWIRE) -- The "Global Telecom Service Assurance Market (2021-2026) by Solution, Deployment, Organization Size, Operator Type, Geography, Competitive Analysis and the Impact of COVID-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Telecom Service Assurance Market is estimated to be USD 5.6 billion in 2021 and is expected to reach USD 8.45 billion by 2026, growing at a CAGR of 8.8%.
Key factors such as the rising number of smartphone subscribers across the globe have led to a tremendous rise in data traffic, which has led to a need for Telecom Service Assurance (TSA) solutions to manage this demand. Therefore telecom operators are adopting these solutions to automate the services to manage the high customer churn rate and reduce costs so as to provide optimum services and a positive customer experience.
Also, the implementation of Subscriber Data Management (SDN) and Network function virtualization (NFV) aims for higher agility in these services with the integration of advanced technologies. All these factors are contributing to the growth of the market for telecom service assurance solutions.
However, the data privacy concerns, the resistance towards the adoption of newer technologies, and the cost complexities involved in upgrading the legacy systems are few factors likely to hinder the growth of the market.
Increase in the Number of Cellular/Mobile Subscribers
Large-Scale Implementation of SDN and NFV
Need for High Optimization and Increased Cost Savings
Growing Need of Operators to Automate Network Operations due to High Customer Churn
Data Privacy Issues
Resistance to Adoption of New Technologies
Complexity and Cost Involved in Upgrading Traditional Network Infrastructure
Increased Competition in The Developed Regions
Exponential Growth in The Global IP Traffic and Cloud Traffic
Growing Complexities in Communication Network Ecosystem by IoT and 5G Technologies
Launch of VoWiFi Services by Telecom Operators to Protect Their Lucrative Voice Businesses
Lack of Support and Integration Concerns Across Multiple Vendors and Technologies
In-House Service Assurance Solutions Used by Service Providers
Global Telecom Service Assurance Market, By Solution
Fault and Event Management
Quality and Service Management
Intelligent Assurance and Analytics
Global Telecom Service Assurance Market, By Deployment
Global Telecom Service Assurance Market, By Organization Size
Small and Medium-sized Enterprises
Global Telecom Service Assurance Market, By Operator Type
Global Telecom Service Assurance Market, By Geography
Rest of the World
A complete analysis of the market including parent industry
Important market dynamics and trends
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Broadcom (CA Technologies)
Huawei Technologies Co., Ltd.
Cisco Systems Inc.
Tata Consultancy Services
Spirent Communications Plc.
For more information about this report visit https://www.researchandmarkets.com/r/oxcwem
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