Overview:
The global revenue assurance market expanding at a CAGR of 11.0% during the forecast period from 2023 to 2030. Revenue assurance is a business process that is carried out for detecting revenue leakages to help the service providers minimize their revenue loss, opportunity loss and provide cost assurance. It verifies the overall operational process, accuracy, completeness and data integrity of the capture, recording, billing and reporting of all the revenue producing transactions or events from marketing and sales through collection, account receivable. Revenue assurance allows the communication service provider to inspect and plug masses of genuine or possible leakage points throughout the customer-facing systems or networks. It helps in correcting the data before it reaches the billing system.
Globally, telecom operators lose billions of dollars annually through revenue leakages that are caused by inadequate internal control processes, systems and fraud. However, despite the awareness of its importance, many service providers are incessantly facing problems related to revenue leakages. As their networks evolve into a more complex infrastructure with the adaption of new access and service delivery technologies, there is a constant need for changing service offerings to meet the market demands. With the increasing incidences of revenue leakages, the demand for revenue assurance solutions and services is projected to increase at a greater extent, thereby driving the market growth. Moreover, rising awareness about the severe influences of revenue leakages on an organization’s overall profitability is likely to drive the market in the years to come.
"Telecom accounted for the Largest Market Share in 2021"
In 2021, the telecom sector accounted for largest market share in the global revenue assurance market and is likely to remain dominant during the forecast period from 2023 to 2030. The function of revenue assurance is central in today’s telecom industry. The major goal of revenue assurance is to protect the telecom earnings by finding revenue losses, discovering the root causes for those losses, and ultimately proposing corrective actions. Without any proper revenue assurance practices, there are chances that losses may get worse. As a result, the demand for revenue assurance is more in the telecom industry, thereby driving the overall market growth.
"North America Garnered Largest Market Share in 2021"
The global revenue assurance market, based on geography was led by North America in 2021 and is likely to grow at a considerable rate during the forecast period from 2023 to 2030. The growth of this region is mainly attributed to the increasing number of telecom subscribers and smart devices. Moreover, the presence of some prominent players including Amdocs, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, etc. is further supporting the regional growth. Further, Asia Pacific region is expected to grow at a fastest pace during the forecast period. The flourishing telecom sector in the region is expected to boost the revenue assurance market in the region.
Major players in the revenue assurance market include Accenture plc, Amdocs, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Subex Limited, WeDo Technologies, Tech Mahindra Limited, Tata Consultancy Services Limited, and ISON Technologies among others.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Revenue Assurance market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
