Report Ocean recently released a research report on the Revenue Assurance Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The size of the global revenue assurance market was US$ 582 million in 2021. The global revenue assurance market is forecast to reach the value of US$ 1328 million by 2030 by registering a Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period from 2022 to 2030.
Revenue assurance is a set of activities that help organizations to precisely obtain revenue for the offered products or services. Revenue assurance tools help companies in examining and fixing revenue leakage points throughout networks.
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Factors Influencing
- Digitalization is one of the key factors driving the market growth. The global revenue assurance market is growing with the increasing internet penetration across all industries.
- Increasing data related to the transaction is another prominent factor driving the market growth.
- The growing number of small, medium, and large businesses offering digital revenue assurance solutions is forecast to fuel the growth of the global revenue assurance market.
- Moreover, the rising cases of revenue leakage are forecast to propel market growth. Telecom operators witness the highest loss due to annual revenue leakages. Thus, the growing awareness related to inadequate systems and frauds would increase the demand for revenue assurance providers.
- Technological advancements are forecast to play a beneficial role in the growth of the global revenue assurance market. The evolution of 4G/5G, IoT, cloud, and SDN/NFV would benefit the service providers by helping them introduce new business models and services.
- Lack of expertise may hamper the growth of the global revenue assurance market.
COVID-19 Impact Analysis
The global revenue assurance market is witnessing a positive impact due to the COVID-19 epidemic. Around 65 percent of employees chose to work from home in order to keep themselves safe. Moreover, overall revenue attack incidents climbed during the pandemic. Various businesses witnessed social engineering fraud, international revenue share fraud (IRSF), SMS scams, distributed denial-of-service (DDoS), and robocalls. Thus, financial & government organizations launched favorable revenue assurance programs to eliminate the chances of internal & external fraud revenue transactions. As a result, the global revenue assurance market witnessed significant growth during the COVID-19 epidemic.
Geographical Analysis
Over the forecast period, Asia Pacific is projected to emerge as a rapidly growing region, owing to the increasing demand for cloud-based services. Moreover, the region is witnessing growing demand for digital transformation. As a result, the revenue assurance tools would gain popularity during the forecast period.
The global revenue assurance market earns a majority of revenue from North America because of the increasing awareness related to the harmful impact of revenue leakages on an organization. Moreover, the growing awareness about the products of revenue assurance tools is forecast to contribute to the overall market growth.
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Competitors in the Market
- Amdocs
- Araxxe Inc.
- Adapt IT
- Cartesian
- Digital Route
- eClerx
- HPE
- Itron
- Nokia
- Profit Insight
- Sagacity Solutions
- Sandvine
- Sigos
- Subex
- Synthesis Systems
- TCS
- Teoco
- Transunion
- WeDo
- Xintec
- Other prominent players
Market Segmentation
Component Outlook
- Software
- Services
Deployment Model Outlook
- On-premise
- Cloud
End-use Vertical Outlook
- Banking, Financial Services and Insurance (BFSI)
- Telecom
- Healthcare
- Retail
- Energy & Utilities
- Others
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Regional Outlook
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Revenue Assurance Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Revenue Assurance market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Revenue Assurance Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Revenue Assurance market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Revenue Assurance market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Revenue Assurance market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Revenue Assurance market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Revenue Assurance business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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