The Europe Telecom Service Assurance Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
The structured process of maintaining & improving the quality of service supplied by telecom businesses to clients is known as telecom service assurance. It ensures that services delivered over networks meet pre-determined service quality standards, ensuring the best possible subscriber experience. On regular basis, this service imposes the network monitoring tools that perform run checks and tests on applications & network applications. Modern telecom service assurance currently provides key functions such as supporting proactive and reactive processes to provide trustable service delivery to customers, reducing the risk of network interruption during planned network modifications, and keeping the visibility of network topologies and other contextual data. Service assurance will allow communication service providers to fix issues quickly to minimize downtime, and it will contain methods and rules that will help them meet their SLAs. They will assist in the resolution of difficulties while ensuring that services are not disrupted information.
Because of the growing usage of remote working environments across the country, the mobile operator type is expected to grow in the UK telecom service assurance market. The demand for high-speed internet and video conferencing has increased the use of mobile wireless services during COVID-19. It attracts people by providing cost-effective and high-quality services. The key elements boosting industry statistics are substantial cost savings and superior services. Furthermore, companies operating in the country are creating strategic collaborations to expand 5G network capabilities, providing the industry with development potential. For example, in January 2022, Vodafone teamed with Samsung to develop an Open RAN network with over 2,500 stations across Europe. Vodafone will provide carrier-grade 5G vRAN solutions to Vodafone customers in the UK as part of this cooperation.
The Germany market dominated the Europe Telecom Service Assurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $802.1 million by 2028. The UK market is poised to grow at a CAGR of 8.2% during (2022 - 2028). Additionally, The France market would experience a CAGR of 9.8% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Solution Type, the market is segmented into Fault & Event Management, Performance Management, Quality & Service Management, and Intelligent Assurance & Analytics. Based on Operator Type, the market is segmented into Fixed Operator and Mobile Operator. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Organization size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Telecom Service Assurance Market Size will Hit $12.5 Billion by 2028, at a CAGR of 9.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Hewlett-Packard Enterprise Company, IBM Corporation, NEC Corporation, Ericsson AB, Amdocs Limited, Comarch S.A., Accenture PLC, and Broadcom, Inc.
By Component
By Operator Type
By Deployment Type
By Organization size
By Country
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