TMCnet News
The global telecom service assurance market was 6.95 billion in 2018 and is expected to be valued at 7.8 billion in 2024 registering a CAGR of 2.24% during the forecast period (2019NEW YORK, June 25, 2019 /PRNewswire/ -- Market Overview - IoT can be a great driver for the market as the adoption of IoT driven communication devices increases the scope for telecom service assurance market. According to GSMA, there are 7.5 billion IoT connections in 2017 which is set to increase to 25.2 billion connected devices by 2025. - The transition from connected customer to digital customer is going to drive the services segment in the market across regions. Asia-Pacific to Execute the Fastest Growth Rate - Vast geographic variations combined with a huge customer base that is increasing at a rapid pace is creating complexities in operation for telecom service providers. These complexities have led telecom service providers to invest in telecom service assurance. - The increasing consumer purchasing parity in emerging economies such as India, Bangladesh, and other southeast Asian countries is set to increase mobile and internet penetration. APACs mobile penetration will increase from 67% in 2017 to 73% in 2025. Mobile internet penetration is expected to rise from 41% in 2017 to 64% in 2025 according to GSMA. The above-cited reasons will drive the growth in the region. - Further, broadband and mobile infrastructure are in a developing stage, The mobile workforce, BYOD is gaining momentum in the region which will require monitoring the devices which will foster the growth of Telecom service assurance. Competitive Landscape The telecom service assurance market is highly fragmented due to a large number of players spread across various regions. Some key players include Tata telecommunication services, IBM, Cisco, Accenture among others. Some key recent developments in the telecom service assurance market are: - May 2019 - ONI Telcom chooses Nokia telecom to deploy 10G services in key Portuguese cities. Nokia will give ONI customers SLAs for retail enterprise and wholesale data center interconnect and cloud services. - July 2018 - IBM teamed up with NETSCOUT to integrate the latter's network analytics tools into its telecommunications analytics suite. Reasons to Purchase this report: - The market estimate (ME) sheet in Excel format - Report customization as per the client's requirements - 3 months of analyst support Read the full report: https://www.reportlinker.com/p05786673/?utm_source=PRN About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
SOURCE Reportlinker |