Ø The digital economy accounted for USD 2.41 trillion in current-dollar value added in 2021, up from USD 2.17 trillion in 2020, with real value-added growing by 9.8% between 2020 and 2021.

Ø 6G can enable smart transportation systems where connected electric vehicles, cameras, and roads communicate to optimize traffic flow. This will lead to more efficient and environmentally friendly transportation solutions.

Ø 6G networks will enable much faster data transmission speeds and significantly lower latency, improving the overall user experience in gaming and entertainment applications. Furthermore, 6G networks will further enhance virtual reality (VR) and augmented reality (AR) experiences, making them more immersive and interactive.

Ø Many countries across the globe are showing proactiveness in terms of developing 5G infrastructure and are allocating funds in huge amounts. The US government has committed USD 1 billion to support 5G technology, to create a nationwide 5G network by 2026. The UK government has committed EUR 1 billion to support the development of 5G technology, with the goal of achieving nationwide coverage by 2025. The Chinese government has committed USD 400 billion to support 5G technology, with the goal of achieving nationwide coverage by 2020.

Ø The second phase of 5G networks is underway, and a new wave of economic potential is getting unlocked with the advanced applications of 5G, such as augmented reality (AR), precision robotics and manufacturing, and the Internet of Things (IoT) getting developed at a massive scale.

Ø Recent research by The Brattle Group has anticipated that mobile traffic will increase remarkably in the next five years, roughly 2.5 times, and almost six times in the next decade.

Ø The wireless network capital expenditure per capita in the United States has seen a boost of almost 12% since 2019. By the end of 2022, it is anticipated that 95% of the US population will be able to access a 5G network, and 80% will have access to networks capable of maximum download speeds of 200 Mbps - ten times faster than 4G. To enable this expansion, major wireless operators have invested approximately USD 35 billion in wireless networks in 2021, equating to USD 105 per capita, as compared to USD 95 per capita in 2019.

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According to a new report by Univdatos, the Telecom Service Assurance Market is expected to reach USD 19,111.84 Million in 2032 by growing at a CAGR of 10.2%. As the world becomes increasingly interconnected through digital technologies, the demand for reliable and high-quality telecommunication services has never been higher. Telecom operators are under immense pressure to ensure their networks and services are functioning optimally to meet the evolving needs of consumers and businesses. This has led to a growing emphasis on telecom operator assurance, a critical discipline that helps telecom providers maintain service quality, improve customer satisfaction, and drive operational efficiency. Exponential data consumption is a major factor driving the growth of the industry. The surge in video streaming, mobile gaming, and the proliferation of smart devices are primary contributors to the skyrocketing data consumption. For instance, as per the report by Ericsson Mobile, total mobile data traffic is estimated to grow from 26 EB per month in 2023 to 73 EB per month in 2029, growing at a strong CAGR of 19 percent.

The report suggests that the growing proliferation of 5G networks is a major factor necessitating the need for Telecom Service Assurance. The deployment of 5G networks and the rapid growth of the Internet of Things (IoT) are creating new challenges for telecom operators. 5G networks require more sophisticated network management and service assurance capabilities to ensure consistent quality of experience (QoE) for users, necessitating the need for telecom service assurance. For instance, the number of IoT devices is expected to reach 29.3 billion by 2023, up from 18.4 billion in 2020, according to the International Data Corporation (IDC). Additionally, telecom operators are under constant pressure to optimize costs and improve operational efficiency to maintain profitability. Effective telecom operator assurance can help identify and address issues proactively, reducing operational expenses and improving overall efficiency. Factors such as these are fostering a conducive environment, influencing the need for reliable telecom service assurance operators across various markets.

The performance Management segment generates the major portion of revenue for the Telecom Service Assurance Market worldwide.

The performance management segment often generates the major portion of revenue for telecom service assurance operators across various markets. Performance management in telecom service assurance involves monitoring and controlling the efficiency of the network. It addresses throughput, reduces network bottlenecks, and handles potential issues. The demand for high-quality services is the major factor influencing the demand. In today's competitive marketplace, maintaining high-quality standards is more crucial than ever. Customers demand reliable and efficient services, and performance management systems are designed to meet these demands. Furthermore, performance management systems provide a framework for continuous evaluation and improvement of organizational operations. This continuous improvement leads to enhanced service delivery, which attracts and retains customers, thereby generating revenue. These are some of the major driving factors influencing the demand for performance management across various markets.

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Conclusion

In conclusion, the increasing demand for robust telecommunication services in our digitally interconnected world has placed considerable pressure on telecom operators to ensure optimal network performance. Telecom operator assurance has emerged as a vital discipline, enhancing service quality, customer satisfaction, and operational efficiency. The exponential growth in data consumption, propelled by video streaming, mobile gaming, and smart devices, is a key driver for the industry, with mobile data traffic projected to surge significantly in the coming years. The rising prevalence of 5G networks and the Internet of Things (IoT) further necessitate advanced service assurance to manage these sophisticated networks effectively. With the IoT device landscape expanding rapidly and the need to deliver a consistent quality of experience for users on 5G networks, telecom operators are faced with the challenge of balancing operational costs while improving efficiency. Strategic telecom service assurance plays a critical role in proactively identifying and resolving issues, thereby reducing expenses and enhancing overall operational effectiveness in the dynamic telecommunications sector.

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