Telecom Service Assurance Market Demand Analysis Report by 2028

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Telecom Service Assurance Market Demand Analysis
Report by 2028
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• Industry Insights

• The Telecom Service Assurance Market is on the
  cusp of witnessing rapid technological
  advancements, with demand for high-speed
  broadband connectivity only expected to elevate
  in the years to come. It goes with saying that
  service outages have caused major disruption to
  businesses across the globe, causing financial
  losses at scale. According to a report by
  Top10VPN, global internet shutdowns grew by 36
  in 2021, costing 5.45 billion. The market size
  could exceed USD 10 billion by 2028.
• Natural disasters, physical link failures,
  security breaches, and hardware/software crashes
  are a few of the many ways service outages impact
  connectivity to critical businesses activities.
  These outages further become the reason for
  disruption in internal and external
  communication, disabled customer services, supply
  chain constraints, and crippled manufacturing and
  delivery process.
• Continuous network connectivity is paramount for
  enterprises involved in critical operations like
  banking, e-commerce and logistics. However, with
  time, network equipment have become increasingly
  complex, leaving more room for failure. Handling
  faults in an effective and timely manner is where
  fault management comes into the picture.

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• 5G has set the benchmark for high-speed internet
  connectivity, enabling IT modernization and
  bestowing communications service providers (CSPs)
  the ability to provide wide-range of capabilities
  to their customers especially enterprises.
  However, the advent of 5G has led to reinventing
  the role of CSPs in operational and business
  support systems (OSS/BSS), which includes
  adopting automation and AI in service assurance.
• To optimally plan 5G rollouts, telecom operators
  will focus on service assurance more than ever
  that covers both performance management and fault
  monitoring. To that end, companies in the service
  assurance market are making progress in terms of
  launching new tools and business strategies that
  favor 5G deployment.
• In 2021, Atrinet, a leading provider of
  AI-optimized, cloud-native, Open Network
  Automation software, joined forces with
  ServiceNow Partner Program to optimize the
  accuracy of network and service inventory data,
  and analyze and prevent performance issue and
  service failing events.
• In 2022, Google Cloud and telecom firm BT
  announced a strategic partnership to accelerate
  the latters digital transformation using a suite
  of Google Cloud products and services including
  cloud infrastructure, ML and AI, data analytics,
  security, and API management to deliver
  superior customer experiences through predictive
  fault management and assurance, reduce costs and
  risk, and build new revenue streams.

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• Competitive Analysis

• The Prominent Key Players in the market include
  Accenture PLC Anritsu, Amdocs, Broadcom Inc.,
  Cisco Systems, Comarch S.A., Commscope, Enghouse
  Networks

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