Revenue Assurance Market Size and Share by 2030
The revenue assurance market size is projected to reach US$ 12.3 billion by 2030 from US$ 5.3 billion in 2022. The market is expected to register a CAGR of 11.1% during 2022–2030. The growing importance of revenue assurance in non-telecom sectors is likely to remain a key trend in the market.
Revenue Assurance Market Analysis
Non-telecom sectors face unique revenue assurance challenges that differ from those in the telecom industry. For instance, banking institutions must ensure accurate transaction reconciliation, prevent fraudulent activities, and comply with regulatory requirements. E-commerce platforms must effectively track and reconcile online transactions, manage inventory, and address issues related to refunds and chargebacks. Similarly, healthcare providers must navigate complex billing processes, handle insurance claims, and ensure accurate revenue recognition. These challenges necessitate the adoption of revenue assurance practices tailored to the specific requirements of each industry, which drives the revenue assurance market growth.
Revenue Assurance Market Overview
Revenue assurance is a crucial process employed by businesses to identify, analyze, mitigate, and prevent revenue leakage through various measures. It aims to reduce the risks of financial losses due to errors, inaccuracies, or inefficiencies in revenue-related activities. Revenue assurance encompasses multiple internal and external activities, including auditing, reconciliation, budgeting, and reporting, to ensure that the income generated from business operations is accurate, secure, and compliant.
The rise in internet penetration, favorable business environment, and strong customer support drive the revenue assurance market. These factors contribute to developing and expanding revenue assurance solutions that help businesses optimize revenue streams, mitigate risks, and enhance operational efficiency. The global market has witnessed the emergence of favorable business environments characterized by progressive regulatory frameworks, government support, and growing investor confidence. These factors have fostered a conducive atmosphere for businesses to flourish and expand their operations. The revenue assurance market trends include the growing importance of revenue assurance in non-telecom sectors.
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Revenue Assurance Market: Strategic Insights
Revenue Assurance Market
-
CAGR (2023 - 2031)
11.1%
-
Market Size 2022
US$ 5.3 Billion
-
Market Size 2030
US$ 12.3 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in internet penetration and favorable business environment
FUTURE TRENDS
- Growing importance of revenue assurance in non-telecom sectors
OPPORTUNITIES
- Rapid Evolution of Digital Technologies and Expansion of Telecom Sector
Key Players
- Amdocs Ltd
- Nokia Corp
- Tata Consultancy Services Ltd
- Subex Ltd
- LATRO Services Inc
- Araxxe SAS
- Cartesian Inc
- BDO South Africa Inc
- Panamax Inc
- Adapt IT Holdings Proprietary Ltd.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Component
- Solution and Services
Deployment
- On-Premise and Cloud-Based
Organization Size
- SMEs and Large Enterprises
Vertical
- BFSI
- Hospitality
- Telecom
- Utilities and Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Revenue Assurance Market: Strategic Insights
-
CAGR (2023 - 2031)11.1% -
Market Size 2022
US$ 5.3 Billion -
Market Size 2030
US$ 12.3 Billion
Market Dynamics
- Rise in internet penetration and favorable business environment
- Growing importance of revenue assurance in non-telecom sectors
- Rapid Evolution of Digital Technologies and Expansion of Telecom Sector
Key Players
- Amdocs Ltd
- Nokia Corp
- Tata Consultancy Services Ltd
- Subex Ltd
- LATRO Services Inc
- Araxxe SAS
- Cartesian Inc
- BDO South Africa Inc
- Panamax Inc
- Adapt IT Holdings Proprietary Ltd.
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
- Solution and Services
- On-Premise and Cloud-Based
- SMEs and Large Enterprises
- BFSI
- Hospitality
- Telecom
- Utilities and Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Revenue Assurance Market Drivers and Opportunities
Favorable Business Environment to Favor Market
The revenue assurance market is experiencing significant growth, driven by factors such as favorable business environments and the provision of solid customer support. These factors contribute to developing and expanding revenue assurance solutions that help businesses optimize revenue streams, mitigate risks, and enhance operational efficiency. The emergence of favorable business environments is characterized by progressive regulatory frameworks, government support, and growing investor confidence. These factors have fostered a conducive atmosphere for businesses to flourish and expand their operations.
Rapid Evolution of Digital Technologies
Technological advancements have revolutionized various industries, and the revenue assurance market is no exception. With the rapid evolution of digital technologies such as machine learning and artificial intelligence, the revenue assurance market has been presented with new opportunities to enhance its effectiveness and drive business growth. Technology is crucial in revenue assurance as it provides innovative tools and solutions to monitor, analyze, and optimize revenue streams. It enables businesses to streamline processes, identify revenue leakages, and ensure compliance with regulatory standards. Embracing technological advancements in revenue assurance can lead to improved operational efficiency, increased revenue generation, and enhanced customer satisfaction.
Revenue Assurance Market Report Segmentation Analysis
Key segments that contributed to the derivation of the revenue assurance market analysis are the component, deployment, organization size, and vertical.
- Based on the component, the revenue assurance market is divided into solution and services. The solution segment will hold a significant market share in 2022.
- By deployment, the market is segmented into on-premise and cloud-based. The cloud-based segment will hold a significant market share in 2022.
- Based on organization size, the revenue assurance market is divided into SMEs and large enterprises. The large enterprises segment will hold a significant market share in 2022.
- In terms of end user, the market is segmented into BFSI, hospitality, telecom, utilities, and others. The telecom segment is expected to grow with the highest CAGR over the forecast period.
Revenue Assurance Market Share Analysis by Geography
The geographic scope of the revenue assurance market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
The North American region in the revenue assurance market held the largest market share in 2022. The North America market is segmented into the US, Canada, and Mexico. The revenue assurance market is experiencing consistent and promising growth in North America, driven by the increasing internet penetration. With more people accessing the internet, providers are offering a wider range of complex services—cloud storage, bundled packages, and advanced mobile data plans. This complexity creates more opportunities for errors and revenue leakage, making robust revenue assurance solutions crucial. The US is highly investing in internet access. For instance, in June 2023, the White House announced that it would split US$ 42 billion among the nation's 50 states and territories to make high-speed broadband accessible to everyone by 2030.
Revenue Assurance Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 5.3 Billion |
Market Size by 2030 | US$ 12.3 Billion |
Global CAGR (2023 - 2031) | 11.1% |
Historical Data | 2020-2021 |
Forecast period | 2023-2031 |
Segments Covered |
By Component
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
|
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Revenue Assurance Market News and Recent Developments
The revenue assurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the revenue assurance market are listed below:
- Neural Technologies Limited took an approach in which revenue assurance and fraud management (RAFM) is a combined management of revenue-related financial risk in the communication services industry. The goal of RAFM is to reduce financial losses and confirm the accuracy of revenue streams. (Source: Neural Technologies Limited, Press Release, May 2023)
- Global Message Services (GMS)—an international messaging service provider and one of the pioneers in A2P, P2P, and P2A messaging and monetization—inked a partnership with leading telecom security solutions provider Cellusys to offer the highest degree of A2P revenue assurance through comprehensive SMS security and control. The integrated solution with onboard analytics improves the quality of service and protects mobile network operators against SMS fraud and revenue leakage in messaging. (Source: Global Message Services, Press Release, May 2021)
Revenue Assurance Market Report Coverage and Deliverables
The “Revenue Assurance Market Size and Forecast (2020–2030)” report provides a detailed analysis of the market covering below areas:
- Revenue assurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Revenue assurance market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Revenue assurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the revenue assurance market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Deployment, Organizational Size, and Vertical
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
North America is expected to dominate the revenue assurance market with the highest market share in 2022.
The revenue assurance market size is projected to reach US$ 12.3 billion by 2030.
The global revenue assurance market is expected to grow at a CAGR of 11.1% during the forecast period 2023 - 2030.
The major factors driving the revenue assurance market are the rise in internet penetration and a favorable business environment
The growing importance of revenue assurance in non-telecom sectors is anticipated to play a significant role in the global revenue assurance market in the coming years.
The leading players operating in the revenue assurance market are Amdocs Ltd, Nokia Corp, Tata Consultancy Services Ltd, Subex Ltd, LATRO Services Inc, Araxxe SAS, Cartesian Inc, BDO South Africa Inc, Panamax Inc, and Adapt IT Holdings Proprietary Ltd.
The List of Companies - Revenue Assurance Market
- Nokia Corp
- Tata Consultancy Services Ltd
- Amdocs Ltd
- Subex Ltd
- LATRO Services Inc
- Araxxe SAS
- BDO South Africa Inc
- Panamax Inc
- Adapt IT Holdings Proprietary Ltd
- Cartesian, Inc