Revenue Assurance Market
Segments - 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 2021 – 2028
The global revenue assurance market is anticipated to expand at a CAGR of 10% during the forecast period, 2021-2028. 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.
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Attributes |
Details |
|
Report Title |
Revenue Assurance Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Components (Software and Services), Deployment Models (On-premise and cloud), End-users (BFSI, Telecom, Healthcare, Retail, Energy & Utilities, and Others) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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 (000’ 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
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 (000’ 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
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