Telecom Service Assurance Market by Software, Service, Organization Size, Deployment Type - Global Forecast to 2021

NEW YORK, March 9, 2017 /PRNewswire/ -- Factors such as voluminous increase in the number of subscribers, need for high optimization & increased cost savings, and ability to measure the performance of a service & Quality of Service are driving the telecom service assurance market.

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The telecom service assurance market size is estimated to grow from USD 4.30 billion in 2016 to USD 7.01 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 10.3%. The market is driven by factors, such as need for high optimization & increased cost savings, voluminous increase in the number of subscribers, and ability to measure the performance of a service and Quality of Service (QoS). However, resistance to modify an organization and adopt new technologies & data privacy issues are the major factors hindering the growth of the telecom service assurance market globally.

Network performance monitoring solution is expected to grow at the highest rate during the forecast period
The network performance monitoring segment among the telecom service assurance software is projected to grow at the highest rate during the forecast period, as it collects, analyzes, and presents network QoS; availability & traffic information; and proactively detects irregular network behavior & service degradations in near real time, thereby improving the network performance. An effective network performance monitoring tool helps Communication Service Providers (CSPs) in optimizing end-user experience and maximizing return on network investment.

Professional services segment is expected to have the largest market share in 2016
With the increasing adoption of telecom service assurance software, the demand for supporting services is also increasing among enterprises. The professional services segment comprises services, such as planning & consulting, operations & maintenance, and system integration, necessary for the successful implementation of telecom service assurance software. The professionals also take care that the software completely supports the business goals with better communication services.

Asia-Pacific is projected to grow at the highest CAGR
North Amrica is expected to hold the largest market share in 2016, while Asia-Pacific (APAC) is the fastest growing region in terms of CAGR. Vast and diverse geographies and a large subscriber base is the main factor leading to intense operational complexities for the telecom operators in the APAC region. These complexities have led CSPs to invest in standardized telecom service assurance solutions. Further, as broadband and mobile infrastructure is improving in this region, the mobile workforce and Bring-Your-Own-Device (BYOD) trends are also gaining momentum, which require the monitoring of their services. These trends in APAC are expected to enable the growth of telecom service assurance solutions, which in turn is expected to help the telecom service assurance market in gaining traction.

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