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 2024 To 2029

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

5G service assurance is a set of practices and technologies that are designed to ensure that the 5G network delivers the expected performance, quality of service (QoS), and reliability to the end-use customer. 5G is versatile and supports various aspects ranging from a variety of applications, high-speed broadband, and media streaming to Internet of Things (IoT) applications. Hence, it becomes very impact to service 5G network for its proper functioning. Some of the key aspects of 5G assurance are: Network Performance Monitoring, Adequate Quality of Service (QoS) Management, Fault Management and Troubleshooting, Security Management, and Experience Management among others.

GROWTH DRIVERS

5G Technology Sparks Demand for Service Assurance

The demand for 5G technology is increasing rapidly as people are looking for high-speed connectivity, and has more uniform user experience for the users. According to Ericsson, the 5G mid-band population is expected to reach more than 30% outside Mainland China in 2023. Additionally, the 5G global population was forecasted to reach 45% in 2023, which is anticipated to reach 85% in 2029.

According to Telefonaktiebolaget LM Ericsson, 4G penetration in the world was 90% in 2023, which is expected to reach 95% in 2023, whereas 5G penetration in 2023, was 45% which is anticipated to rise to 85% by 2029. Hence, such increasing demand for 5G technology is expected to have a positive impact on the 5G network and service assurance market.

• In July 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 July 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 for service assurance through the entire lifecycle is crucial as it helps the Mobile Network Operators (MNOs) to track customer experiences and help them to correlate 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 April 2024, RADCOM Ltd. announced that it would be expanding on its existing cooperation with Rakuten Mobile to bring its revolutionary service assurance solution. The company will continue to provide current solution offerings and collaborate for new technologies such as artificial intelligence (AI)- powered analytics such as anomaly detection and automated root cause analysis.
• In June 2023, Spirent, which is one of the leading companies for testing, and assurance solutions for next-generation networks and devices, launched the new over-the-air (OTA) performance monitoring solution designed to bring the network edge into the complete end-to-end test and monitoring landscape.

Enables 5G transformation through Service assurance

Service assurance helps engineers, and network operators to effectively 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 number of people globally using fifth-generation (5G) subscriptions reached to 1.9 billion. In the projected year there is expected substantial rise in number reaching 2.8 billion by 2024 and by 2027, this number is expected to reach to 5.9 billion. The growing use of 5G can be attributed to 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 June 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:

Market Segmentation

• 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

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Market Segmentation

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. 5G NETWORK AND SERVICE ASSURANCE MARKET, BY SOLUTION

5.1. Introduction

5.2. Fault Management

5.3. Performance Management

5.4. Configuration Management

6. 5G NETWORK AND SERVICE ASSURANCE MARKET, BY ASSURANCE TYPE

6.1. Introduction

6.2. Quality Assurance

6.3. Network Assurance

6.4. Security Assurance

7. 5G NETWORK AND SERVICE ASSURANCE MARKET, BY ARCHITECTURE

7.1. Introduction

7.2. Core

7.3. RAN

8. 5G NETWORK AND SERVICE ASSURANCE MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. Americas

8.2.1. United States

8.2.2. Others

8.3. Europe, Middle East and Africa

8.3.1. Germany

8.3.2. UK

8.3.3. Others

8.4. Asia Pacific

8.4.1. China

8.4.2. Japan

8.4.3. South Korea

8.4.4. Others

9. RECENT DEVELOPMENT AND INVESTMENTS

10. COMPETITIVE ENVIRONMENT AND ANALYSIS

10.1. Major Players and Strategy Analysis

10.2. Vendor Competitiveness Matrix

11. COMPANY PROFILES

11.1. EXFO Inc.

11.2. RADCOM Ltd

11.3. Oracle Corporation

11.4. Nokia

11.5. VIAVI Solutions Inc.

11.6. Ericsson

11.7. Allot Ltd

11.8. Spirent Communications

11.9. Comarch SA

11.10. NETSCOUT

EXFO Inc.

RADCOM Ltd

Oracle Corporation

Nokia

VIAVI Solutions Inc.

Ericsson

Allot Ltd

Spirent Communications

Comarch SA

NETSCOUT