Telecom Service Assurance Market Expected to Reach $4.59 Billion by 2019 - New Report by MarketsandMarkets
(PRWEB) December 04, 2014 -- The research report "Telecom Service Assurance Market by Software (Probe System, Fault Management, Service Quality Monitoring, Network Monitoring, and Workforce Management), Service, Deployment Type (Hosted, and On-Premises) & by Region - Global Forecast & Analysis to 2019", defines and segments the global market into various segments with an in-depth analysis and forecasting of revenues. The global Telecom Service Assurance Market is expected to grow from $3.18 billion in 2014 to $4.59 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 7.6%.
Browse 67 market data tables and 57 figures spread through 137 pages and in-depth TOC on "Telecom Service Assurance Market"
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MarketsandMarkets broadly segments the Telecom Service Assurance Market by software into: probe systems, fault management, service quality monitoring, network management, and workforce management; by service types into: planning and consulting, operation and maintenance, system integration, and managed services; by regions into: North America (NA), Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America (LA); by deployment types into: on-premises and hosted; .
Telecom service assurance helps in enhancing the customer experience by maintaining and improvement in the quality of service. It can be achievable with the software systems that are deployed at the various levels of service delivery chain. The software systems include probe system, fault management, service quality monitoring, network management, and further workforce automation for increasing the productivity of the workers.
Apart from automating the functions, telecom service assurance helps in analyzing the vast amount of subscriber data on real-time basis by comprehensively gaining data insights into customer preferences, thereby decreasing the response time to solve any issue raised by the customer. Hence, the escalating demand by the communication service providers and enterprises for providing value-added service over the Internet is increasing, thereby sudden increase in the requirement of telecom assurance services. The major vendors of the global Telecom Service Assurance Market are CA Technologies, Accenture, HP, Ericsson, JDSU, NSN, and IBM Corporation.
The major forces driving this market are increasing operational cost and high-scale investment in operations support system. In terms of regions, North America is expected to be the biggest market in terms of market size, while MEA and APAC are expected to experience increased market traction during the forecast period.
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