5G Network And Service Assurance Market Size, Share, Opportunities, And Trends By Solution (Fault Management, Performance Management, Configuration Management), By Assurance Type (Quality Assurance, Network Assurance, Security Assurance), By Architecture (Core, RAN), And By Geography - Forecasts From 2023 To 2028

The global 5G network and assurance market is projected to grow at a CAGR of 20.44% during the forecast period.

GROWTH DRIVERS

• 5G Technology Sparks Demand for Service Assurance

Service assurance encompasses the management and monitoring of all domains within a 5G network. With the arrival of the 5G era, it's no longer feasible to manage services using traditional, technology-focused methods that are siloed. Service assurance is all about adhering to predefined criteria for networks and services. In order to handle the increased complexity of 5G networks, it's essential that network and service assurance processes work together flawlessly. This ensures that the network layer, service layer, and customer layer are all properly aligned to establish operational priorities.

• In 2023, RADCOM Ltd. introduced its cutting-edge 5G assurance solution on Google Cloud. This innovation offers telecom operators an automated, cloud-native assurance solution that seamlessly integrates with Google Cloud. This integration facilitates closed-loop, zero-touch operations in the cloud, ultimately enhancing the customer experience and proactively elevating the quality of 5G services.
• In 2023, MYCOM OSI, a frontrunner in Network Assurance and Service Experience Assurance for Communications Service Providers (CSPs), unveiled enhanced features and functionalities within its EAA Service Assurance suite and Telco Transformation Solutions. These advancements are designed to assist 5G Communications Service Providers, Enterprises, and Private Mobile Networks. Presented below are the key highlights of these novel capabilities.

Service Assurance Demand in Telecom

With mobile network operators (MNO) embracing virtualized network functions and cloud telecom technology in the 5G RAN and core, service assurance must change.The introduction of 5G brings a transformative aspect to service assurance, necessitating a comprehensive 360-degree approach that seamlessly combines insights into both customer satisfaction and network functionality. A holistic approach to service assurance throughout the entire lifecycle becomes crucial, as it enables Mobile Network Operators (MNOs) to track customer experiences and correlate them with different segments of the network. For instance, in today's scenario, customers extend their user sessions beyond just mobile handsets, incorporating enterprise WiFi, residential broadband, and private networks.

• In July 2022, RADCOM Ltd. announced that it is expanding on its existing cooperation with Rakuten Mobile to bring its revolutionary service assurance solution, RADCOM to Deploy its 5G Automated Network Assurance Solution in Symworld...
• In 2023, Spirent introduces comprehensive end-to-end service assurance by integrating its established fixed and mobile network assurance solutions with MTP's OTA capability. This empowers customers to confidently deploy and ensure the performance of new 5G services, ensuring prompt detection and isolation of network faults before end customers become aware of any issues.

Enables 5G transformation through Service assurance

Service assurance empowers network operators and engineers to efficiently oversee and control the tangible and virtual networks that the upcoming era of diverse cloud environments, multiple vendors, and various technologies depend on, to provide seamless 5G connectivity. In order to meet the service assurance requirements linked to novel services enabled by network slicing and enterprise 5G networks, telecommunications companies must elevate their strategies to encompass an automated approach to service assurance design.

• In February 2023, RADCOM acquires Continual, an innovative company specializing in Mobility Experience Analytics. This acquisition enhances RADCOM's 5G Assurance Solution, particularly in the areas of location and mobility analytics, enabling operators to optimize subscribers' journeys during their travels. This development further enriches 5G analytics, ensuring users have exceptional customer experiences.

RISE OF SERVICE ASSURANCE IN THE TELCOM SECTOR MARKET

According to 5G Americas' 2023 report, the global count of fifth-generation (5G) subscriptions has reached an estimated 1.9 billion. Projections indicate a substantial rise to 2.8 billion by 2024 and a significant leap to 5.9 billion by 2027. The allure of 5G lies in its capability to provide enhanced download speeds and reduced latency compared to its predecessor, 4G networks.

EMERGING OPPORTUNITIES IN THE 5G NETWORK AND SERVICE ASSURANCE MARKET

5G and Mobile Service Assurance

Emerging 5G technologies bring forth novel possibilities and avenues for revenue generation for Communications Service Providers (CSPs). VMware Telco Cloud's Mobile Service Assurance offers comprehensive cross-domain, multi-layer automated assurance to CSPs,

Keysight has unveiled upgraded 5G visibility solutions for mobile service providers, offering exceptional performance via the Keysight Vision X Network Packet Broker (NPB). This empowers mobile service providers to enhance service quality monitoring and simultaneously cut down on service assurance expenses.

GEOGRAPHICAL PRESENCE

In 2023, Telefonica Germany opted for Mycom OSI, a provider of Network Assurance and Service Experience Assurance solutions, to migrate its Mycom OSI on-premise setup to the cloud. This shift is intended to bolster Telefonica Germany's swift deployment of 5G, network densification, and foray into enterprise services. As part of the arrangement, Mycom OSI will run its solution on Amazon Web Services (AWS), furnishing Telefonica Germany with a resilient foundation for data-driven decision-making.

MAJOR PLAYERS IN THE MARKET

Some of the leading players in the market include EXFO, Netscout. among others. The major corporations provide a range of products that include the following:

5G Network and Service Assurance Market Scope:

SEGMENTATION

The Global 5G NETWORK AND SERVICE ASSURANCE MARKET has been analyzed through the following segments:

• By Solution
  • Fault Management
  • Performance Management
  • Configuration Management
•  By Assurance Type
  • Quality Assurance
  • Network Assurance
  • Security Assurance
• By Architecture
  • Core
  • RAN     
• By Geography
  • Americas
    • United States
    • Others
  • Europe, the Middle East, and Africa
    • Germany
    • UK
    • Others
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • Others