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Telecom Service Assurance Market Component, System , Deployment Type By 2031
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The global telecom service assurance market report by the business research company the advent of 5G technology is expected to propel the growth of the telecom service assurance market to be a major growth driver for the Telecom Service Assurance market. 5G technology is the most recent iteration of cellular technology, designed to boost the speed and responsiveness of wireless networks dramatically. This technology creates a shift towards a digital lifestyle in the population. According to Speed Test, a US-based web testing and network diagnostics company, the United States had the highest number of 5G users (49.2%), followed by the Netherlands (45.1%), South Korea (43.8%), Kuwait (35.5%), and Qatar (34.8%). Therefore, the advent of 5G technology is driving the growth of the telecom service assurance market.
The global telecom service assurance market is expected to grow from $6.92 billion in 2020 to $7.66 billion in 2021 at a compound annual growth rate (CAGR) of 10.70%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The telecom service assurance market is expected to reach $11.65 billion in 2025 at a CAGR of 11.07%.
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North America was the largest region in the telecom service assurance market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom service assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the telecom service assurance market are Broadcom, Cisco Systems Inc., Enghouse Networks, CommScope, Ericsson, EXFO, Huawei, Infovista, Intracom Telecom.RADCOM, Spirent, MYCOM, OSI, NEC, NETSCOUTTEOCO, VIAVI Solutions, and ZTE Corporation
The global speech analytics market is segmented -
1) By Components: Solutions, Services
2) By Deployment Mode: Cloud, On-premises
3) By Organization Size: Large enterprises, Small and Medium-Sized Enterprises (SMEs)
4) By Applications: Customer Experience Management, Call Monitoring and Summarization, Agent Performance Monitoring, Sales and Marketing Management, Risk and Compliance Management, Sentiment Analysis
5) By Vertical: Banking Finance Services and Insurance (BFSI), IT and Telecom, Media and Entertainment, Retail and eCommerce, Travel and Hospitality, Government and Defence, Healthcare and life sciences, Other Verticals
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The Telecom Service Assurance Market Report Contents Include
1. Executive Summary
2. Telecom Service Assurance Market Characteristics
3. Telecom Service Assurance Market Trends And Strategies
4. Impact Of COVID-19 On Telecom Service Assurance
5. Telecom Service Assurance Market Size And Growth
....
26. Africa Telecom Service Assurance Market
27. Telecom Service Assurance Market Competitive Landscape And Company Profiles
28. Telecom Service Assurance Pipeline Analysis
29. Key Mergers And Acquisitions In The Telecom Service Assurance Market
30. Telecom Service Assurance Market Future Outlook and Potential Analysis
31. Appendix
This report covers the trends and market dynamics of the Telecom Service Assurance market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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