Market Trends of Revenue Assurance Industry
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.
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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.
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