Revenue Assurance Market:
Growth Opportunities in the Revenue Assurance Market look promising over the next six years. This is mainly due to the growing concentration of business to offer to improve the consumer experience, the rising demand for subscription-based business models, the growing number of consumers and the amount of transaction data, and the strong demand for automation solutions for revenue assurance.
Revenue Assurance Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The significant factors responsible for the growth of the global revenue assurance market including the growing concentration of business to offer to improve the consumer experience, the rising demand for subscription-based business models, and the strong demand for automation solutions for revenue assurance. As per the revenue assurance market report, the growing number of consumers and the amount of transaction data at a global level, followed by the increasing penetration of the internet globally, will further surge the growth of the revenue assurance market. The rising cases of revenue leakages and the growing complexity of revenue streams are resulting in numerous revenue assurance issues. These growing issues are promoting the end-users to adopt revenue assurance solutions to reduce the chances of profit leakages.
Component Segment Drivers
Based on the component, the service is projected to dominate the market in the coming years due to the strong adoption of services by the service provider to improve their revenue assurance portfolio by offering operational flexibility and competitive benefits to their customers. Companies that lack in-house abilities are outsourcing their revenue assurance services to specialized managed service providers. Fundamentally, the increasing requirement for revenue assurance solutions is boosting the demand for services will further bolster the growth of the market.
Based on the region, Asia-pacific is expected to rise at a faster CAGR in the coming years due to the rapid digitalization in several countries, including Australia, India, China, and Japan, along with the rising penetration of smartphones and the internet that is increasing amount of data productions. In addition to this, the rising penetration of digital infrastructure owing to the increasing threat from hacker groups or terror networks, followed by the increasing investments in network technologies, is further augmenting the market growth.
Revenue Assurance Market’s leading Manufacturers:
- TATA Consultancy Services Limited
- Nokia Corporation
- Mobileum, Inc
- SUBEX Ltd.
- Hewlett Packard Enterprise Company
- Cartesian, Inc.
- Xintec Inc.
Revenue Assurance Market Segmentation:
Segmentation by Component:
- Planning & Consulting
- Implementation & Customization
- Support & Maintenance
- Managed Services
Segmentation by Solution:
- Migration Assurance
- Usage Assurance
- Provisioning Assurance
- Billing and Rating Validation
- Roaming and Interconnect Partner Assurance
Segmentation by Deployment Mode:
Segmentation by End-User:
- Telecommunication Service Providers
Segmentation by Vertical:
- Banking, Financial Services and Insurance
Segmentation by Region:
- North America
- United States of America
- Asia Pacific
- Rest of APAC
- United Kingdom
- Rest of Europe
- South Africa
- Saudi Arabia
- Rest of the world (remaining countries of the LAMEA region)
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