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Thursday, November 2, 2023

Global Telecom Service Assurance Solution Market is Anticipated to Grow at a CAGR of 9% during 2024 to 2030

The future of the global telecom service assurance solution market looks promising with opportunities in the solutions and services markets. The global telecom service assurance solution market is expected to reach an estimated $13.16 billion by 2030 with a CAGR of 9% from 2024 to 2030. The major drivers for this market are increasing consumer demand for higher service quality, favourable government initiatives, and supportive policies in the telecom service assurance industry.

Some of the key questions answered in this exclusive report are:

Q.1. What are some of the most promising, high-growth opportunities for the telecom service assurance solution market by service (professional service and managed service), component (solutions and services), operator type (mobile and fixed), deployment type (on-premise and cloud), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3.  Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6.  What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Market Segmentation:

In this market, mobile and fixed are the major segments of telecom service assurance solution market by operator type. Lucintel forecasts that fixed is expected to witness highest growth over the forecast period due to supporting a wider range of services, such as broadband internet, IPTV, and VoIP.Within this market, services will remain the largest segment due to increasing demand of professional services and managed services.

APAC is expected to witness highest growth over the forecast period due to rising investment in high speed internet infrastructure to meet the need of 5G in this region.

NEC, Telefonaktiebolaget Lm Ericsson, Amdocs, Netscout, Broadcom, Hewlett Packard Enterprise Development, and Accenture are the major suppliers in the telecom service assurance solution market.

About Lucintel

Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056

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