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Some of the telecom service assurance market leaders include:
Companies are forming strategic partnerships to develop advanced & integrated telecom service assurance platforms.
The market size of telecom service assurance crossed USD 5 billion in 2021 and is projected to witness 5% gains from 2022 to 2028, says this GMI report.
North America industry is slated to cross USD 3 billion by 2028 driven by the rising investments in 5G technology and across the telecom sector in the region.
In Canada, the market revenue from fault management accounted for around 30% of the industry share in 2021 and will grow with the surging demand for improving the service quality of a network.
In China, the market value from cloud model is estimated to rise at a CAGR of 10% through 2028 owing to the increasing trend of transformation of communication services.