Europe Telecom Service Assurance Market Size & Outlook
The telecom service assurance market in Europe is expected to reach a projected revenue of US$ 4,771.1 million by 2030. A compound annual growth rate of 9.5% is expected of Europe telecom service assurance market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,550.5
Forecast, 2030 (US$M)
$4,771.1
CAGR, 2024 - 2030
9.5%
Report Coverage
Europe
Europe telecom service assurance market highlights
- The Europe telecom service assurance market generated a revenue of USD 2,550.5 million in 2023.
- The market is expected to grow at a CAGR of 9.4% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Solution is the most lucrative component segment registering the fastest growth during the forecast period.
Europe data book summary
| Market revenue in 2023 | USD 2,550.5 million |
| Market revenue in 2030 | USD 4,771.1 million |
| Growth rate | 9.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Solution |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution |
Other key industry trends
- In terms of revenue, Europe region accounted for 26.4% of the global telecom service assurance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,189.3 million by 2030.
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Telecom Service Assurance Market Scope
Telecom service assurance market segmentation & scope
Probe System
Network Management
Workforce Management
Fault Management
Quality Monitoring
Others
Service
Professional Services
Managed Services
Operator
Mobile Operator
Fixed Operator
Deployment
On Premise
Cloud
Enterprise Size
Large Enterprises
Small & Medium Enterprises
Countries
U.S.
Canada
Mexico
UK
France
Italy
Spain
Sweden
Norway
Denmark
Germany
China
India
Japan
Thailand
South Korea
Australia
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
Telecom Service Assurance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| TEOCO Corporation | View profile | 1001-5000 | Fairfax, Virginia, United States, North America | http://www.teoco.com |
| Spirent Communications PLC | View profile | 1526 | 108 High Street, Origin One, Crawley, West Sussex, United Kingdom, RH10 1BD | https://corporate.spirent.com |
| NetScout Systems Inc | View profile | 2296 | 310 Littleton Road, Westford, MA, United States, 01886-4105 | https://www.netscout.com |
| Comarch | View profile | 5001-10000 | Kraków, Malopolskie, Poland, Europe | http://www.comarch.com |
| Amdocs Ltd | View profile | 29000 | 625 Maryville Centre Drive, Suite 200, Saint Louis, MO, United States, 63141 | https://www.amdocs.com |
| Huawei Technologies | View profile | 10001+ | Shenzhen, Guangdong, China, Asia | http://huawei.com |
| Nokia Oyj | View profile | 86700 | Karakaari 7, Espoo, Finland, FI-02610 | https://www.nokia.com |
| Telefonaktiebolaget L M Ericsson ADR | View profile | 99952 | Torshamnsgatan 21, Kista, Stockholm, Sweden, SE-164 83 | https://www.ericsson.com |
| NEC Corp | View profile | 118527 | 7-1, Shiba 5-chome, Minato-ku, Tokyo, Japan, 108-8001 | https://www.nec.com |
| Broadcom Inc | View profile | 20000 | 3421 Hillview Avenue, Palo Alto, CA, United States, 94304 | https://www.broadcom.com |
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