The revenue assurance global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Revenue Assurance Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The revenue assurance market size has grown rapidly in recent years. It will grow from $4.40 billion in 2023 to $4.90 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to regulatory compliance requirements, an increase in the generation of transaction data, an increase in subscription-based business models, rapid growth in data usage, and the emergence of digital services.
The revenue assurance market size has grown rapidly in recent years. It will grow from $4.40 billion in 2023 to $4.90 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to regulatory compliance requirements, an increase in the generation of transaction data, an increase in subscription-based business models, rapid growth in data usage, and the emergence of digital services.
The revenue assurance market size is expected to see rapid growth in the next few years. It will grow to $7.54 billion in 2028 at a compound annual growth rate (CAGR) of 11.4%. The growth in the forecast period can be attributed to 5G adoption and monetization, digital transformation, growing demand for cloud-based solutions, increasing use of data analytics and AI, and increasing adoption of revenue assurance in the telecom industry. Major trends in the forecast period include a shift towards real-time assurance, product innovations, strategic partnerships and collaborations, automation and AI integration, and convergence with fraud management.
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Scope Of Revenue Assurance MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Revenue Assurance Market Overview
Market Drivers –
The increasing adoption of cloud computing is expected to propel the growth of the revenue assurance market. Cloud computing refers to the delivery of computing services over the Internet, including storage, processing, and software, on a pay-as-you-go basis. The increasing adoption of cloud computing is driven by its scalability, cost efficiency, flexibility, and enhanced collaboration capabilities. Cloud computing enhances revenue assurance by providing scalable, cost-effective infrastructure for real-time data processing and analytics, facilitating efficient revenue monitoring and fraud detection. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Therefore, the increasing adoption of cloud computing is driving the growth of the revenue assurance market.
The increasing adoption of cloud computing is expected to propel the growth of the revenue assurance market. Cloud computing refers to the delivery of computing services over the Internet, including storage, processing, and software, on a pay-as-you-go basis. The increasing adoption of cloud computing is driven by its scalability, cost efficiency, flexibility, and enhanced collaboration capabilities. Cloud computing enhances revenue assurance by providing scalable, cost-effective infrastructure for real-time data processing and analytics, facilitating efficient revenue monitoring and fraud detection. For instance, in December 2023, according to Eurostat, a Luxembourg-based intergovernmental organization, 45.2% of enterprises within the European Union procured cloud computing services, primarily for hosting email systems, storing electronic files, and performing various tasks. Compared to 2021, purchases of cloud computing services among EU enterprises rose by 4% in 2023. Therefore, the increasing adoption of cloud computing is driving the growth of the revenue assurance market.
Market Trends –
Major companies operating in the revenue assurance market are adopting a strategic partnerships approach to enhance their technological capabilities, expand their market reach, and offer comprehensive solutions to address evolving customer needs. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2021, Subex Ltd., an India-based enterprise software company, partnered with Robi Axiata Limited, a Bangladesh-based mobile network company. This partnership enables Robi to utilize Subex’s revenue assurance and fraud management solutions’ artificial intelligence and machine learning capabilities to address modern telecom threats in the region and enhance customer experience while offering 5G-based services.
Major companies operating in the revenue assurance market are adopting a strategic partnerships approach to enhance their technological capabilities, expand their market reach, and offer comprehensive solutions to address evolving customer needs. Strategic partnerships refer to a process in which companies leverage each other’s strengths and resources to achieve mutual benefits and success. For instance, in August 2021, Subex Ltd., an India-based enterprise software company, partnered with Robi Axiata Limited, a Bangladesh-based mobile network company. This partnership enables Robi to utilize Subex’s revenue assurance and fraud management solutions’ artificial intelligence and machine learning capabilities to address modern telecom threats in the region and enhance customer experience while offering 5G-based services.
The revenue assurance market covered in this report is segmented –
1) By Component: Software, Services, Planning And Consulting, Implementation And Customization, Support And Maintenance, Managed Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Organizations, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Banking, Financial Services And Insurance (BFSI), Telecommunication, Healthcare, Retail, Energy And Utilities, Other End Users
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Regional Insights –
North America was the largest region in the revenue assurance market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the revenue assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
North America was the largest region in the revenue assurance market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the revenue assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the revenue assurance market are Accenture plc, Deloitte Touche Tohmatsu Limited, Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, Amdocs Limited, TransUnion LLC, Itron Inc., Sandvine Corporation, Mobileum Inc., TEOCO Corporation, eClerx Services Limited, Hansen Technologies, DigitalRoute AB, Cerillion Technologies Limited, Subex Limited, WeDo Technologies S.A., Sagacity Solutions Inc
Table of Contents
1. Executive Summary2. Revenue Assurance Market Report Structure3. Revenue Assurance Market Trends And Strategies4. Revenue Assurance Market – Macro Economic Scenario5. Revenue Assurance Market Size And Growth…..27. Revenue Assurance Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
1. Executive Summary2. Revenue Assurance Market Report Structure3. Revenue Assurance Market Trends And Strategies4. Revenue Assurance Market – Macro Economic Scenario5. Revenue Assurance Market Size And Growth…..27. Revenue Assurance Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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