Global Telecom Service Assurance Solutions Market to Reach $13.4 Billion by 2030
The global market for Telecom Service Assurance Solutions estimated at US$7.4 Billion in the year 2023, is expected to reach US$13.4 Billion by 2030, growing at a CAGR of 8.9% over the period 2023-2030. Telecom Service Assurance Software, one of the segments analyzed in the report, is expected to record 7.7% CAGR and reach US$8.1 Billion by the end of the analysis period. Growth in the Telecom Service Assurance Services segment is estimated at 10.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $2.3 Billion, While China is Forecast to Grow at 8.5% CAGR
The Telecom Service Assurance Solutions market in the U.S. is estimated at US$2.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2030 trailing a CAGR of 8.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.9% and 7.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 7.5% CAGR.
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