Revenue Assurance Market

Revenue Assurance market was valued at USD 3,750 Million in 2019 and projected to grow at a 11.1% CAGR during the forecast period.

Revenue Assurance is an application process or software solution that allows organizations to capture revenues accurately for all services rendered. Rather than rectifying errors after they occur or not detecting and correcting them at all, revenue assurance allows organization to examine and plug dozens of current or potential escape points throughout the network and client-facing systems and helps in correcting the data before it reaches the billing system. It uses data quality and process improvement methods to improve revenue, cash flow, and profits without disturbing demand. Revenue Assurance is used in several verticals such as telecom, utilities, BFSI, among others.

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The growing adoption of subscription-based business models, increasing concentration of business to provide better consumer experience, and rising demand for automation solutions for revenue assurance are the significant factors propelling the growth of the Global Revenue Assurance market. In addition to this, rising penetration of the Internet across the globe, along with the increasing number of consumers and the amount of transaction data worldwide, will further propels the growth of the market. The growing incidences of revenue leakages and rising complexity of revenue streams is leading to various revenue assurance concerns. These increasing concerns are encouraging the end-users to opt for revenue assurance solutions to eliminate the chances of profit leakages.

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Based on the component, the service segment is expected to lead the market during the forecast period owing to the growing adoption of services by the service provider to enhance their revenue assurance portfolio by providing operational flexibility and competitive advantages to their customers. Organizations that are lacking in-house capabilities are outsourcing their revenue assurance services to the specialized managed service provider. In addition to this, the growing need for revenue assurance solutions is leading to an increase in the demand for services, which further fuels the market growth.

Based on the deployment mode, the cloud segment is projected to grow at a higher CAGR during the forecast period owing to the growing penetration of revenue assurance solutions among SMEs. The increasing adoption of cloud-based revenue assurance solutions driven by its less cost and better security feature is driving the growth of this segment.

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Based on the region, Asia-pacific is projected to grow at a higher CAGR in the global Revenue Assurance market during the forecast period owing to the growing digitalization in various economies such as India, Australia, Japan, and China followed by the increasing penetration of smartphones and internet that has led to huge amount of data productionss. Moreover, the increasing penetration of digital infrastructure due to the rising threat from hacker groups or terror networks coupled with the growing investments on network technologies in this region is further propelling the growth of the market.

The major key players in the Revenue Assurance market include Amdocs, TATA Consultancy Services Limited, Nokia Corporation, Mobileum, Inc, SUBEX Ltd., ITRON, Hewlett Packard Enterprise Company, Cartesian, Inc., Xintec Inc., TEOCO among others.

Key Developments:

• • In Jan 2020, Subex extended its partnership with a Palestine based MNO, Jawwal, to provide their ROC RA platform. This partnership comprises the implementation of the ROC revenue assurance platform that enable to Jawwal to cover its recently launched digital services along with optimizing revenue streams and reduce risks.
  • In Aug 2019, Mobileum Inc. acquired analytics-based roaming and risk management solutions provider company, WeDo Technologies. This acquisition will strengthen Mobileum Inc.’s product engineering, customer footprint, consulting, and services portfolio.

The Global Revenue Assurance market has been segmented based on the component, solution, deployment mode, end-user, vertical, and region. Based on the component, the market is segmented into software and services. Services are further segmented into planning & consulting, implementation & customization, support & maintenance, and managed services. Based on the solution, the market is segmented into Migration Assurance, Usage Assurance, Provisioning Assurance, Billing And Rating Validation, and Roaming And Interconnect Partner Assurance. Based on deployment mode, the market is segmented into the cloud and on-premises. Based on End-User, the market is segmented into Telecommunication Service Providers and Enterprises. Based on vertical, the market is segmented into Telecom, Utilities, Banking, Financial Services And Insurance, Hospitality, and Others.

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Key questions answered in this research report:

• • At what pace is the global Revenue Assurance market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Revenue Assurance market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Revenue Assurance market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various end-users of the global Revenue Assurance market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Revenue Assurance Market by Component  

• • Software
  • Services
    • Planning & Consulting
    • Implementation & Customization
    • Support & Maintenance
    • Managed Services

Global Revenue Assurance Market by Solution         

• • Migration Assurance
  • Usage Assurance
  • Provisioning Assurance
  • Billing and Rating Validation
  • Roaming and Interconnect Partner Assurance

Global Revenue Assurance Market by Deployment Mode                    

• • Cloud
  • On-Premises

Global Revenue Assurance Market by End-User                      

• • Telecommunication Service Providers
  • Enterprises

Global Revenue Assurance Market by Vertical                         

• • Telecom
  • Utilities
  • Banking, Financial Services, And Insurance
  • Hospitality
  • Others

Global Revenue Assurance Market by Region

• • North America Revenue Assurance Market (Option 1: As a part of the free 25% customization)
    • North America Revenue Assurance Market by Component
    • North America Revenue Assurance Market by Solution
    • North America Revenue Assurance Market by Deployment Mode
    • North America Revenue Assurance Market by End-User
    • North America Revenue Assurance Market by Vertical
    • US Revenue Assurance Market All-Up
    • Canada Revenue Assurance Market All-Up
  • Europe Revenue Assurance Market (Option 2: As a part of the free 25% customization)
    • Europe Revenue Assurance Market by Component
    • Europe Revenue Assurance Market by Solution
    • Europe Revenue Assurance Market by Deployment Mode
    • Europe Revenue Assurance Market by End-User
    • Europe Revenue Assurance Market by Vertical
    • UK Revenue Assurance Market All-Up
    • Germany Revenue Assurance Market All-Up
    • France Revenue Assurance Market All-Up
    • Spain Revenue Assurance Market All-Up
    • Rest of Europe Revenue Assurance Market All-Up

• • Asia-Pacific Revenue Assurance Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Revenue Assurance Market by Component
    • Asia-Pacific Revenue Assurance Market by Solution
    • Asia-Pacific Revenue Assurance Market by Deployment Mode
    • Asia-Pacific Revenue Assurance Market by End-User
    • Asia-Pacific Revenue Assurance Market by Vertical
    • China Revenue Assurance Market All-Up
    • India Revenue Assurance Market All-Up
    • Japan Revenue Assurance Market All-Up
    • Rest of APAC Revenue Assurance Market All-Up
  • ROW Revenue Assurance Market (Option 4: As a part of the free 25% customization)
    • ROW Revenue Assurance Market by Component
    • ROW Revenue Assurance Market by Solution
    • ROW Revenue Assurance Market by Deployment Mode
    • ROW Revenue Assurance Market by End-User
    • ROW Revenue Assurance Market by Vertical
    • Brazil Revenue Assurance Market All-Up
    • South Africa Revenue Assurance Market All-Up
    • Saudi Arabia Revenue Assurance Market All-Up
    • UAE Revenue Assurance Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Revenue Assurance Market All-Up

Global Revenue Assurance Market Leading Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Amdocs
  • TATA Consultancy Services Limited
  • Nokia Corporation
  • Mobileum, Inc
  • SUBEX Ltd.
  • ITRON
  • Hewlett Packard Enterprise Company
  • Cartesian, Inc.
  • Xintec Inc.
  • TEOCO