According to a report prepared by Global Market Insights Inc., a globally renowned research & consulting firm, the telecom service assurance market is expected to touch USD 10 Billion by 2028. The report states that growing demands for more efficient and powerful broadband connectivity across the world are fuelling this optimistic projection. Advancements in 5G and Internet of Things (IoT) will further support market growth, the report states.

Telecom service assurance services ensure the services offered over telecom networks meet the optimum level of quality as per business agreement to offer a great customer experience. Such services enable organizations to roll out efficient customized development & implementation, software up-gradation, technical support services round the clock to customers, etc.

Some of the major telecom service assurance market participants are Accenture, Amdocs, Commscope, Enghouse Networks, Ericsson, Broadcom Inc, Cisco Systems, Comarch S.A., and EXFO.

The report also highlights how companies operating in this telecom sector are giving special emphasis on cloud services. The ability of cloud services to reduce up-gradation & maintenance along with providing greater efficiency, scalability, and flexibility is alluring market players to invest in cloud technologies.