Revenue Assurance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Revenue Leakage in Telecom Industry and it is Segmented by Component (Software, Services), Deployment Mode (Cloud, On-premise), End User (Telecom, BFSI, Hospitality, Other End Users), and Geography.

Revenue Assurance Market Size

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Revenue Assurance Market Size
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 10.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

Revenue Assurance Market Key Player

*Disclaimer: Major Players sorted in no particular order

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Revenue Assurance Market Analysis

The revenue assurance market (henceforth, referred to as the market studied) is expected to register a CAGR of 10% over the forecast period (2021 - 2025). The major factors driving the growth of the revenue assurance market include the rise of the subscription economy, rising number of mobile and internet users, adoption of advanced technologies, such as RPA, Big Data, AI, and IoT. Also, the rising awareness about the severe consequences of revenue leakages on an organization's overall profitability is driving the revenue assurance market, globally.

  • As large scale telecom service providers have significant CAPEX and IT infrastructure investment capabilities, there is an extensive adoption of revenue assurance solutions. These solutions are expected to increase the market share for the on-premises deployment mode of the revenue assurance market.
  • With the growing demand for revenue assurance solutions like planning and consulting, implementation and customization, support and maintenance, and managed services to enhance the revenue assurance portfolio of the services providers by offering customers with value creation, operational flexibility, and competitive advantage is driving the growth of the market. As a result, the services portfolio is expected to grow due to the market's dependency on human-interaction for development and growth.
  • The market competition is intense, as there are several vendors present. Companies in this intensely competitive environment require innovations and technological developments at a steady pace to gain a competitive edge in the market and to further expand the consumer base in saturated markets to manage the rapidly rising consumer base in developing markets. These scenarios tend to boost the growth of this market as companies become more vulnerable to revenue leakage.
  • The ongoing COVID-19 pandemic and the worldwide reaction to it have compelled companies to rethink their strategies and the way they operate radically. The restructuring of companies is setting up great opportunities for the revenue assurance market to grow globally.

Revenue Assurance Market Trends

This section covers the major market trends shaping the Revenue Assurance Market according to our research experts:

Cloud Deployment is Expected to Drive the Market Growth

  • The cloud-based segment is forecast to register significant growth during the forecast period due to the flexibility and scalability offered by these solutions. The cloud-based delivery model makes the software extremely flexible regarding scalability (pay-as-you-go storage utilization).
  • The demand for simplified and consolidated storage resources to reduce cost and enhance workflow by eliminating departmental silos of clinical information is causing the rise in the cloud deployment. Moreover, the storage and server power for the organization is hosted off-premise. The cloud vendor provides all the off-premise system support resources which serve as a driver for cloud deployment.
  • On-premise revenue assurance solutions are extensively used. However, cloud-based software adoption is expected to have a higher growth rate due to its cost-effectiveness, low software maintenance, accessibility, less spending on infrastructure, and a wide range of applications.
Revenue Assurance Market Trends

Asia-Pacific to Register Highest Market Growth

  • The Asia-Pacific market is expected to witness growth at the fastest pace as the region is driven by the increased demand for cloud-based services from small and mid-sized companies in the region. Additionally, the flourishing telecom sector in Asia-Pacific would also boost the revenue assurance market in the region over the report’s forecast period.
  • The notable growing investments in new technologies, such as 5G and virtualization of networks, in the region, are fuelling the growth of the market.
  • The rise in subscription-based data, presence of significant revenue assurance vendors, and enhanced telecom network infrastructure are other major factors that influence the adoption of the revenue assurance solutions in the region. Moreover, the increasing number of telecom subscribers and smart devices are adding to the growth of the market in the region.
Revenue Assurance Market Analysis

Revenue Assurance Industry Overview

The revenue assurance market appears to be quite fragmented due to the presence of some major regional and international companies. The market players are mainly aiming at finding new avenues to reduce fraud and revenue leakages, to serve the market in a better. The players are increasingly focusing on differentiating their product offerings to sustain the competitive market environment. Some of the key developments in the area are:

  • May 2018 - Amdocs supported Safaricom's launch of new digital services with end-to-end revenue assurance capabilities to improve customer experience. Safaricom proactively protects against revenue leakage and optimizes revenue while keeping operational costs at a minimum.

Revenue Assurance Market Leaders

  1. Amdocs Corporation

  2. Hewlett Packard Enterprise

  3. Araxxe Inc.

  4. Adapt IT Holdings Limited

  5. eClerx

*Disclaimer: Major Players sorted in no particular order

Amdocs Corporation, Hewlett Packard Enterprise, Araxxe Inc., Adapt IT Holdings Limited, eClerx
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Revenue Assurance Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Complex Business Environment and Practices

      2. 4.2.2 Rising Need to Adhere to Numerous Revenue Streams

    3. 4.3 Market Restraints

      1. 4.3.1 Economic Slowdown and Currency Fluctuations

    4. 4.4 Industry Value Chain Analysis

    5. 4.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Assessment of Impact of COVID-19 on the Revenue Assurance Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Component

      1. 5.1.1 Software

      2. 5.1.2 Services

    2. 5.2 Deployment Mode

      1. 5.2.1 Cloud

      2. 5.2.2 On-premises

    3. 5.3 End User

      1. 5.3.1 Telecom

      2. 5.3.2 Utilities

      3. 5.3.3 BFSI

      4. 5.3.4 Hospitality

      5. 5.3.5 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Rest of the World

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Amdocs Corporation

      2. 6.1.2 Hewlett Packard Enterprise

      3. 6.1.3 Araxxe Inc.

      4. 6.1.4 Cartesian

      5. 6.1.5 Adapt IT Holdings Limited

      6. 6.1.6 eClerx

      7. 6.1.7 Subex Limited

      8. 6.1.8 TransUnion

      9. 6.1.9 TATA Consultancy Services Limited

      10. 6.1.10 Profit Insight LLC

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Revenue Assurance Industry Segmentation

Revenue assurance is a business process that detects revenue leakages to help service providers minimize their revenue loss, opportunity loss, and provide cost assurance. It 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 a billion systems.Revenue assurance sometimes extends into areas such as network assurance, service assurance, business assurance, risk management, and fraud management.

Component
Software
Services
Deployment Mode
Cloud
On-premises
End User
Telecom
Utilities
BFSI
Hospitality
Other End Users
Geography
North America
Europe
Asia-Pacific
Rest of the World
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Revenue Assurance Market Research FAQs

The Revenue Assurance Market is projected to register a CAGR of 10% during the forecast period (2024-2029)

Amdocs Corporation, Hewlett Packard Enterprise , Araxxe Inc., Adapt IT Holdings Limited and eClerx are the major companies operating in the Revenue Assurance Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Revenue Assurance Market.

The report covers the Revenue Assurance Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Revenue Assurance Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Revenue Assurance Industry Report

Statistics for the 2024 Revenue Assurance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Revenue Assurance analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Revenue Assurance Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)