Rising Incidents of Revenue Leakage Bolstered the Growth of the Global Revenue Assurance Market

Thu, 26 November 2020 10:41

The Global Revenue Assurance Market is witnessing a surge due to improper billing, and the rising incidents of revenue leakage across the globe. Additionally, the proliferation of internet services, surge in the adoption of advanced technologies the differential offering, and collaborations of the telecommunication companies have increased the complexities of the business processes. Besides, the increasing efficiency of the company and the accuracy provided has propelled the growth of the market. However, the lack of organizational management and the availability of skilled labor have restrained the growth of the market.

  • The global Revenue Assurance market is expected to grow from USD 512 million in the year 2019 to USD 930 million in the year 2027 at a compound annual growth rate (CAGR) of 7% in the forecast period.
  • The repercussions of COVID-19 have led to a surge in the differential operations of the telecommunication companies thereby bolstering the growth of the market.
  • North America dominates the market on account of the presence of several key players, favorable technical infrastructure, the burgeoning number of IoT devices, and the rising number of Internet users.
  • The Asia Pacific to exhibit the fastest growth in the market due to the owing to the increasing number of internet connections and the favoring government initiatives and higher adoption of latest technologies
  • The software segment caters to the highest markets share among the different component of the market
  • The cloud segment caters to the highest markets share among the different deployment types in the market

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Key Players

  • Amdocs
  • Araxxe Inc.
  • Adapt IT
  • Cartesian
  • Digital Route
  • eClerx
  • HPE
  • Itron
  • Nokia
  • Profit Insight
  • Sagacity Solutions
  • Sandvine
  • Sigos
  • Subex
  • Synthesis Systems
  • TCS
  • Teoco
  • Transunion
  • WeDo
  • Xintec

Revenue Assurance Market Segmentation

By Component

  • Software
  • Services

By Deployment Mode

  • Cloud
  • On-premises

By End-User

  • TSPs
  • Enterprises

By Verticals

  • Telecom
  • Utilities
  • BFSI
  • Hospitality
  • Others

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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