DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Telecom Service Assurance Market by Software (Probe Monitoring, Fault & Event Management, Quality & Service Management, Network Performance Monitoring, and Workforce Management), Service, Organization Size, Deployment Type - Global Forecast to 2021" report to their offering.
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.
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.
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.
North America is expected to hold the largest market share in 2016, while Asia-Pacific (APAC) is the fastest growing region in terms of CAGR.
- Voluminous Increase in the Number of Subscribers
- Need for High Optimization and Increased Cost Savings
- Ability to Measure the Performance of A Service and Quality of Service
- Resistance to Adoption of New Technologies
- Data Privacy Issues
- Emergence of Highly Technical and Complex Technologies
- Increased Competition in Developed Regions
- Lack of Support and Integration Concerns Across Multiple Vendors and Technologies
- Amdocs Inc.
- CA Technologies
- Comarch S.A.
- Hewlett Packard Enterprise Company
- Huawei Technologies Co., Ltd.
- International Business Machine Corporation
- Mycom OSI
- NEC Corporation
- Netscout Systems, Inc.
- Nokia Corporation
- Oracle Corporation
- Spirent Communications PLC
- Tata Consultancy Services Limited
- Teoco Corporation
- Viavi Solutions Inc.
- ZTE Corporation
For more information about this report visit http://www.researchandmarkets.com/research/z4bd8m/telecom_service