Home > Semiconductors & Electronics > Telecom and Networking > Telecom Services > Telecom Service Assurance Market

Telecom Service Assurance Market Size

Report ID: GMI5185
Published Date: Jan 2022
Report Format: PDF

Download Free Sample

Telecom Service Assurance Market Size

Telecom Service Assurance Market size exceeded USD 5 billion in 2021 and is estimated to grow at over 5% CAGR between 2022 and 2028. Growing number of mobile subscribers worldwide is boosting the industry growth. Moreover, the increasing adoption of IoT technology is anticipated to support market demand. For instance, as per the Ericsson Mobility Report, 40% cellular IoT connections are expected to overtake broadband IoT with 4G connectivity by 2027

To get key market trends

Download Free Sample

The global COVID-19 restrictions resulted in social distancing and increased the demand for high internet connectivity to avoid any potential exposure to coronavirus. This has created more opportunities for market players to develop advanced telecom service assurance solutions. Communication service providers in the telecom industry have extensively used telecom service assurance tools to provide cost-effective and high-quality digital services during the pandemic

Telecom Service Assurance Market Report Attributes
Report Attribute	Details
Base Year:	2021
Telecom Service Assurance Market Size in 2021:	5 Billion (USD)
Forecast Period:	2022 to 2028
Forecast Period 2022 to 2028 CAGR:	5%
2028 Value Projection:	10 Billion (USD)
Historical Data for:	2018 to 2020
No. of Pages:	250
Tables, Charts & Figures:	331
Segments covered:	Component, Operator type, Deployment model and Region
Growth Drivers:	Rising number of mobile subscribers globally Growing investment in 5G technology Surging rapid adoption of IoT technology Growing advancements in Operation Support Systems (OSS) environment
Pitfalls & Challenges:	Lack of technical expertise Concern over data privacy

Learn more about the key segments shaping this market

Download Free Sample

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

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.

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.

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.