Telecom Service Assurance Market by Emerging Trends, Development Analysis and Top Companies to 2028
Under services, the telecom service assurance market has been categorized into professional services and managed services. The managed services segment accumulated a market share of around 20% in 2021 and is slated to observe considerable revenue growth through the analysis timeline supported by increased productivity and improved customer services across the telecom sector.
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The equipment was tested on the ME7834NR platform, the 5G NR Mobile Device Test Platform, which runs on the Snapdragon X65 5G modem, the first-of-its-kind 16 Modem-RF System. As a result, increasing availability of innovative products in the market has positively impacted the telecom service assurance market landscape.
The telecom service assurance market has been bifurcated in terms of operator type, component, deployment model, and region. Based on component, the market has been segregated into solution and services. Under solution, the market has further been divided into fault management, service monitoring, performance management, service assurance analytics, and others.
The performance management solution segment in telecom service assurance market held over 20% market share in 2021 and is expected to see robust growth over 2022-2028 owing to the growing need to improve network performance. In 2021, the service monitoring solution segment garnered a market share of more than 15% and is speculated to grow at a notable pace over the assessment timeframe on account of increasing penetration of internet and smartphones.
The telecom service assurance market is anticipated to witness robust growth by 2028 owing to rising adoption of IoT technology and 5G services in operation support system (OSS). Additionally, rising demand for real-time analysis to ensure low latency, competitive pressure to optimize, and mounting requirement to enhance ecosystem silos is likely to further support market growth through the forecast timeline.
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Latin America telecom service assurance market is anticipated to witness substantial growth by 2028, registering a CAGR of over 10% through the forecast period. Surging adoption of advanced services assurance solutions is foreseen to promote product uptake in LATAM over the following years. Meanwhile, the Middle East & Africa telecom service assurance industry is projected to grow at approximately 5% CAGR through the review timeline due to prevalent strategic collaborations among key players to enhance service quality and customer experience.
Recently, market players have been focusing on implementing effective strategies to gain a competitive edge in the market, which has improved the overall telecom service assurance market outlook. For instance, in December 2021, Anritsu Corporation, a Japan-based multinational firm in the telecommunications electronics equipment space, verified the improved, industry-first User Equipment and Network Slicing energy efficient Protocol Conformance Tests for the 5G NR (New Radio) Standalone.
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