Telecom Service Assurance Market Insight
Telecom service assurance is the application of strategies and processes by a communication service supplier to guarantee that the service existing over the networks encounters the pre-defined provision quality level for improved consumer experience. It is typically imposed by consuming one or more network observing tools to constantly execute tests and checks against applications and network services. Telecom Service Assurance helps to enhance the customer experience by improving and maintaining the excellent quality of service. It helps service providers decide where to invest by providing accurate and real-time performance data and capacity analysis. Telecom service assurance is assessed on a variety of criteria including strong accessibility and reach, smooth network coverage and geographical reach.
Impact of COVID-19 on Telecom Service Assurance Market:
- Though governments have imposed lockdowns to contain spread of the virus, businesses are moving online and there has been a rise in mobile phone and internet usage. Thus, by using telecom services, operators would be able to allocate appropriate amount of network resources to a specific slice.
- As the BFSI sector and healthcare segment has witnessed rise, owing to the COVID-19, so to ensure a secure and reliable communication they are anticipated to invest in the telecom service ensuring the market growth.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
The main attentions expected to drive the development of telecom service assurance market are the expanding number of cell/portable supporters, and developing need of administrators to mechanize organize activities. In addition, growing necessity of telecom service assurance solutions to manage traffic volume and rise in difficulties in a communication network system are some of the major factors to boost global telecom service assurance market. However, data security worries and lack of correction can hamper growth of the market. Contrarily, rise in acceptance of connected devices, internet of things (IoT) and agile networks are expected to provide lucrative opportunities for the market.
New launches to flourish the market
The recent development in the market was seen in the MYCOM OSI, the Assurance Cloud Company and driving free supplier of Assurance, Automation and Analytics answers for the world's biggest Communications Service Providers (CSPs), declared launch of the dispatch of its 5G Roll-out Accelerator arrangement. As CSPs race to dispatch 5G, the on-request administration empowers them to effortlessly get the exhaustive confirmation abilities required to quickly turn out 5G system and administrations.
Surge in usage of Internet of Things (IoT)
IoT can be an extraordinary driver for the market as the reception of IoT driven specialized gadgets builds the extension for telecom administration affirmation showcase. The presentation of IoT in telecom is set to change the job of telecom specialist co-ops in empowering correspondence among individuals and gadgets. In this way, business pioneers need to develop new IoT-empowered administrations for their clients and applications for improving their business forms. Likewise, business pioneers can actualize creative plans of action to use IoT adequately. With this methodology, telecom organizations can choose which applications can be useful for their associations.
Key benefits of the report:
- This study presents the analytical depiction of the telecom service assurance market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the telecom service assurance market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed telecom service assurance market analysis based on competitive intensity and how the competition will take shape in coming years.
- Key players and their key developments in the recent years are listed in the report.
Telecom Service Assurance Market Report Highlights
By Operator Type
By Deployment Mode
By Enterprise Size
Key Market Players
Huawei Technologies Co., Ltd., Hewlett Packard Enterprise Development LP, Comarch, NETSCOUT Systems, Inc., Telefonaktiebolaget LM Ericsson, NEC Corporation, IBM Corporation, Broadcom Inc., Amdocs, Accenture plc