Telecom Service Assurance Market Is Forecasted To Cross USD 9.23 billion By 2026, Growing At CAGR of 4.2% | Ericsson, Nokia, Accenture, IBM, Oracle
The use of service assurance helps CSPs to identify any faults in the network and solve the problems within a time so as to lower the service downtime. With the advancement in technology of various networking systems like the 5G network, the need for the telecom service assurance is also growing rapidly.
The penetration of advanced and complex technology in association with the growing competition among the developed countries are the major factors for driving the market. The number of cellular subscriber has increased at a rapid rate due to the increased demand for the devices that offers connectivity like the smartphones that made all the basic work of day to day life much easier.
In telecommunication, service assurance is the application of various processes and policies provided by a CSP (Communication Service Provider) to assure that for a minimum subscriber experience, the services offered over the network is meeting the service quality level that were pre-defined .The driving factor for the market is the increase in growth for high maximization of the service assurance and it’s cost efficient features. Although, privacy and security concerns may act as the restraint factors for the growth of the market.
Globally, there has been a rapid increase in the number of cellular subscribers. This growth can be calculated by the increasing number of consumers who are opting for the devices that offers connectivity. One such major connectivity device which is in demand is the smartphone. When compared to other connectivity devices, the number of smartphones that are used internationally is relatively higher. The sale of mobile/smartphones devices is increasing, resulting the number of cellular subscriptions to be high, since connectivity device performance depends on the required cellular subscriptions.
The market is deployed as on cloud and on premise. The cloud deployment uses less expensive algorithms to perform along with the features of being flexible, easy and quite affordable, which makes it the faster growing deployment type accepted by various industries than the on premise. The installation and maintenance cost is also affordable than the on premise.
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By shifting from traditional service assurance solutions to the advanced and innovative service assurance platform, the medium-sized businesses are growing in this market as they are more inclined towards cloud-based solutions for enhancing their end-user experience.
The United States is a dominant market here because of the advanced telecom industry along with the increasing number of telecommunication device, the market is forecasted to bring a high growth rate. The faster growth rates will increase business operations in North America.
The Key players for the market include CA Technologies (New York, U.S.), Ericsson (Kista, Stockholm), Nokia Corporation (Espoo, Finland), Accenture (Chicago, Illinois, U.S.), IBM (New York, U.S.), MYCOM OSI (Berkshire, U.K.), Oracle Corporation (California, U.S.), Tata Consultancy Services Limited (Mumbai, India), Viavi Solutions Inc. (California, U.S.), and ZTE Corporation (Shenzhen, China).
On October 2, 2018 CA Technologies announced the signing of the agreement with SAP to integrate the services to offer its leading DevOps solutions on SAP Cloud Platform. This combined offering is going to help businesses improve their quality and enhance development as well as delivery capabilities for solutions and applications.
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