The North America Telecom Service Assurance Market would witness market growth of 9.0% CAGR during the forecast period (2022-2028).
The ecosystem's existence of numerous significant businesses has resulted in a competitive & diverse market. Software-Defined Networking (SDN) and Network Functions Virtualization appear to be critical for CSPs engaged in digital transformation, particularly 5G. To prevent customer attrition and financial consequences, performance or network faults must be detected and remedied not just at the network operations level, but also at the service & customer satisfaction levels. CSPs are known for completing orders on time and providing services that are both cost-effective and efficient. Apart from successfully processing orders, service assurance solution providers assist internet service providers, telecommunications providers, and similar vendor firms in locating problems that occur during the delivery of any service, workforce automation, and network management.
As per GMSA, by 2025, the number of unique mobile subscribers will reach another milestone, accounting for more than half of the global population. As the number of subscribers grows, service providers will be forced to address important issues like demand for high customer churn, niche products, and a quicker response rate, all of which will boost the adoption of Telecom service assurance.
North America is one of the world's early adopters of emerging technologies such as IoT and AI/ML. As a result, the increase in new IoT connections is likely to open up a lot of new chances for market growth. Furthermore, telecom carriers are improving network infrastructure to fulfill the demand for 5G services soon. The telecom service assurance market in North America is the largest in the world. The increased implementation of these solutions by important telecom operators in the region, such as Verizon & Frontier Communications, is one of the factors driving the market's growth. Furthermore, the existence of several telecom service assurance businesses that provide comprehensive solutions to CSPs drives the North American telecom service assurance market forward
The US market dominated the North America Telecom Service Assurance Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,170.7 million by 2028. The Canada market is estimated to grow at a CAGR of 11.5% during (2022 - 2028). Additionally, The Mexico market would display a CAGR of 10.5% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Telecom Service Assurance Market is Estimated to reach $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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