Revenue Assurance Market Share, Opportunities, Industry 2031

Segments - Revenue Assurance Market by Components (Software and Services), Deployment Models (On-premise and Cloud), End-users (BFSI, Telecom, Healthcare, Retail, Energy & Utilities, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Raksha Sharma

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global revenue assurance market was valued at USD 574.20 Million in 2022 and is projected to reach USD 961.89 Million by 2031, expanding at a CAGR of 5.9% during the forecast period, 2023–2031. The growth of the market is attributed to rising incidence of revenue leakages across various industry verticals.

Revenue assurance is the process of ensuring that all products and services provided by the telecom service provider are billed as per the commercial agreement with customers by ensuring billing and configuration integrity and accuracy across the relevant systems. Revenue assurance services uses process improvement methods that improve profits, revenues, and cash flows without impacting the supply and demand.

Revenue assurance utilization is not limited to telecom service providers but has become a common term across various industry verticals. It is a practical response to perceived or actual issues that are related to billing and collection of revenue.

Market Trends, Drivers, Restraints, and Opportunities:

Increasing penetration of complex business models in emerging economies is anticipated to propel the market growth during the forecast period.
Rising awareness about the severe consequences of revenue leakages in speculated to drive the growth of the market.
Dearth of skilled persons and high cost of solution can restraint the growth of the market.
Technological advancements such as Internet of Things (IoT), 4G/5G, and cloud in the revenue assurance market is anticipated to create remunerative opportunities for the industry players during the forecast period.

Scope of the Report

The report on the global revenue assurance market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Revenue Assurance Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Components (Software and Services), Deployment Models (On-premise and cloud), End-users (BFSI, Telecom, Healthcare, Retail, Energy & Utilities, and Others)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Accenture plc, Amdocs, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Subex Limited, Tata Consultancy Services Limited, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, TEOCO, and WeDo Technologies

Global Revenue Assurance Market Segment Insights

Software segment accounts for large market share

On the basis of components, the market is divided into software and services. The software segment accounted for a market revenue share of over 55% in 2020. This segment is anticipated to grow at a healthy rate owing to the availability of highly flexible and innovative revenue assurance.

The service segment is anticipated to exhibit a substantial CAGR during the forecast period. Growing need for an organization to understand the potential impact of revenue leakage in business is the prime factor driving the growth of the market segment.

Cloud segment to exhibit a high CAGR

Based on deployment models, the market is divided into on-premise and cloud. The cloud segment accounted for a significant market share in 2020 and is expected to exhibit a high during the forecast period. Cloud-based solutions enable operators to have agility and effective revenue and fraud management.

The cloud-based delivery model makes the software extremely flexible as it can be accessed remotely. Integration of latest technologies has led organizations to use cloud-based solutions. Moreover, the COVID-19 pandemic has persuaded employees to work from home, which in turn, has encouraged to deploy cloud-based software model. On the other hand, the on-premise segment is anticipated to grow at a steady rate during the forecast period.

BFSI segment anticipated to grow at a rapid pace

On the basis of end-users, the market is divided into BFSI, telecom, healthcare, retail, energy & utilities, and others. The telecom segment dominated the market with a share of over 35% in 2020, in terms of revenue. Telecom giants have been struggling with revenue leakages. Increasing incidence of telecom fraud is driving the growth of the market segment. However, the BFSI segment anticipated to expand at a healthy growth rate owing to rising occurrence of revenue loss in all areas of bank sector.

The market in Asia Pacific anticipated to exhibit a high CAGR

Based on the regions, the market is divided into Asia Pacific, North America, Latin America, Europe and Middle East & Africa. The market in North America dominated the market with a share of over 30% in 2020.

The presence of strong telecom sector in countries such as the US and Canada are some of the factors driving the growth of the market in this region. On the other hand, the market Asia Pacific is anticipated to exhibit a CAGR of around 15% owing the increasing awareness about revenue assurance in various industry verticals including healthcare, retail, energy & utilities.

Segments

The global revenue assurance market has been segmented on the basis of

Components

Software
Services

Deployment Models

On-premise
Cloud

End-users

Banking, Financial Services and Insurance
Telecom
Healthcare
Retail
Energy & Utilities
Others

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

Accenture plc
Amdocs
Hewlett Packard Enterprise Development LP
International Business Machines Corporation
Subex Limited
Tata Consultancy Services Limited
Tech Mahindra Limited
Telefonaktiebolaget LM Ericsson
TEOCO
WeDo Technologies

Competitive Landscape

Major players of the global revenue assurance market are Accenture plc, Amdocs, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Subex Limited, Tata Consultancy Services Limited, Tech Mahindra Limited, Telefonaktiebolaget LM Ericsson, TEOCO, and WeDo Technologies.

In 2019, WeDo Technologies addressed more than 200 telecom specialists at its WeMeet Europe. The WeMeet Europe convened the industry experts about 5G is anticipated to disrupt the existing telecom business models. The chief strategy & marketing officer Bernardo Galvão Lucas talked about the importance of technology that can fight the revenue assurance threats.

Revenue Assurance Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Revenue Assurance Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Revenue Assurance Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Revenue Assurance Market - Supply Chain
  4.5. Global Revenue Assurance Market Forecast
     4.5.1. Revenue Assurance Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Revenue Assurance Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Revenue Assurance Market Absolute $ Opportunity
5. Global Revenue Assurance Market Analysis and Forecast by End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Revenue Assurance Market Size and Volume Forecast by End Users
     5.3.1. Banking, Financial Services and Insurance
     5.3.2. Telecom
     5.3.3. Healthcare
     5.3.4. Retail
     5.3.5. Energy & Utilities
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Revenue Assurance Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Revenue Assurance Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Revenue Assurance Demand Share Forecast, 2019-2026
7. North America Revenue Assurance Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Revenue Assurance Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Revenue Assurance Market Size and Volume Forecast by End Users
     7.4.1. Banking, Financial Services and Insurance
     7.4.2. Telecom
     7.4.3. Healthcare
     7.4.4. Retail
     7.4.5. Energy & Utilities
     7.4.6. Others
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Revenue Assurance Demand Share Forecast, 2019-2026
8. Latin America Revenue Assurance Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Revenue Assurance Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Revenue Assurance Market Size and Volume Forecast by End Users
     8.4.1. Banking, Financial Services and Insurance
     8.4.2. Telecom
     8.4.3. Healthcare
     8.4.4. Retail
     8.4.5. Energy & Utilities
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Revenue Assurance Demand Share Forecast, 2019-2026
9. Europe Revenue Assurance Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Revenue Assurance Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Revenue Assurance Market Size and Volume Forecast by End Users
     9.4.1. Banking, Financial Services and Insurance
     9.4.2. Telecom
     9.4.3. Healthcare
     9.4.4. Retail
     9.4.5. Energy & Utilities
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Revenue Assurance Demand Share Forecast, 2019-2026
10. Asia Pacific Revenue Assurance Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Revenue Assurance Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Revenue Assurance Market Size and Volume Forecast by End Users
     10.4.1. Banking, Financial Services and Insurance
     10.4.2. Telecom
     10.4.3. Healthcare
     10.4.4. Retail
     10.4.5. Energy & Utilities
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Revenue Assurance Demand Share Forecast, 2019-2026
11. Middle East & Africa Revenue Assurance Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Revenue Assurance Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Revenue Assurance Market Size and Volume Forecast by End Users
     11.4.1. Banking, Financial Services and Insurance
     11.4.2. Telecom
     11.4.3. Healthcare
     11.4.4. Retail
     11.4.5. Energy & Utilities
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Revenue Assurance Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Revenue Assurance Market: Market Share Analysis
  12.2. Revenue Assurance Distributors and Customers
  12.3. Revenue Assurance Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Accenture plc
     12.4.2. Amdocs
     12.4.3. Hewlett Packard Enterprise Development LP
     12.4.4. International Business Machines Corporation
     12.4.5. Subex Limited
     12.4.6. Tata Consultancy Services Limited
     12.4.7. Tech Mahindra Limited
     12.4.8. Telefonaktiebolaget LM Ericsson
     12.4.9. TEOCO
     12.4.10. WeDo Technologies