Revenue Assurance Market Research Report

 

Revenue Assurance Market:

Growth opportunities in the market look promising over the next six years. This is mainly due to the increasing business concentration to provide a better consumer experience, growing adoption of subscription-based business models, and rising penetration of the internet.

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Revenue Assurance Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging acceptance of subscription-based business models, increasing demand for automation solutions for revenue assurance, and the business's rising focus to provide better customer experience are the drivers stimulating the growth of the global market. Also, accelerating internet penetration and the rising number of consumers along with the transaction amount across the world will bolster the market growth. The accelerating revenue leakage and increasing complications related to revenue streams result in different concerns are supporting consumers to choose revenue assurance solutions and eliminate the chances of profit leakages.

Component Segment Drivers

Based on the component, service segment is projected to dominate the market over the forecast period because of the service provider's rising adoption of services to improve their assurance portfolio by providing competitive advantages and operational flexibility to their customers. Organizations that lack in-house abilities outsource their services to specialized managed service providers. Also, the growing need for this type of solutions leads to a rise in the demand for services, which further propels the market growth.

Deployment Segment Drivers

On the basis of the deployment model, the cloud is expected to witness a higher CAGR during the forecast period. This is because of the increasing penetration of this type of solutions across SMEs. The rising acquisition of cloud-based solutions herded by its low cost and improved security, which further contributes to market growth.

Regional Drivers

Based on the regional coverage, Asia-pacific is expected to expand at a higher CAGR during the forecast period owing to the augmenting digitalization in nations including India, China, Japan, and Australia, accompanied by the growing penetration of smartphones and the internet, resulting in a large amount of data productions. Also, the increasing seepage of digital infrastructure due to the expansion in threat from hacker groups or terror networks integrated with the intensifying investments in network technologies further fuelled the growth of the market.

Revenue Assurance Market’s Leading Manufacturers:

·         TEOCO

·         Cartesian, Inc.

·         ITRON

·         Mobileum, Inc

·         TATA Consultancy Services Limited

·         Xintec Inc.

·         Hewlett Packard Enterprise Company

·         SUBEX Ltd

·         Nokia Corporation

·         Amdocs

Revenue Assurance Market Segmentation:

Segmentation by Component:

·         Software

·         Services

o   Planning & Consulting

o   Implementation & Customization

o   Support & Maintenance

o   Managed Services

Segmentation by Solution:

·         Migration Assurance

·         Usage Assurance

·         Provisioning Assurance

·         Billing and Rating Validation

·         Roaming and Interconnect Partner Assurance

Segmentation by Deployment Mode:

·         Cloud

·         On-Premises

Segmentation by End-User:

·         Telecommunication Service Providers

·         Enterprises

Segmentation by Vertical:

·         Telecom

·         Utilities

·         Banking, Financial Services, And Insurance

·         Hospitality

·         Others

Segmentation by Region:

·         North America

o   United States of America

o   Canada

 

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

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