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Revenue Assurance Market By Service Type (Planning & Consulting, Operation & Maintenance, System Integration and Managed Services), By Deployment Model (On-premise and Cloud), By End-use Vertical (BFSI, Telecom, Healthcare, Retail and Others) - Growth, Future Prospects and Competitive Landscape, 2018 – 2026

Overview:                      

The global revenue assurance market was valued at US$ 2.52 Bn in 2017 and is expected to witness a notable growth, expanding at a CAGR of 11.0% during the forecast period from 2018 to 2026. Revenue assurance is a business process that is carried out for detecting revenue leakages to help the service providers minimize their revenue loss, opportunity loss and provide cost assurance. It verifies the overall operational process, accuracy, completeness and data integrity of the capture, recording, billing and reporting of all the revenue producing transactions or events from marketing and sales through collection, account receivable. Revenue assurance allows the communication service provider to inspect and plug masses of genuine or possible leakage points throughout the customer-facing systems or networks. It helps in correcting the data before it reaches the billing system.

Globally, telecom operators lose billions of dollars annually through revenue leakages that are caused by inadequate internal control processes, systems and fraud. However, despite the awareness of its importance, many service providers are incessantly facing problems related to revenue leakages.  As their networks evolve into a more complex infrastructure with the adaption of new access and service delivery technologies, there is a constant need for changing service offerings to meet the market demands. With the increasing incidences of revenue leakages, the demand for revenue assurance solutions and services is projected to increase at a greater extent, thereby driving the market growth. Moreover, rising awareness about the severe influences of revenue leakages on an organization’s overall profitability is likely to drive the market in the years to come.

Market Snapshot

Revenue Assurance Market

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"Telecom accounted for the Largest Market Share in 2017"

In 2017, the telecom sector accounted for largest market share in the global revenue assurance market and is likely to remain dominant during the forecast period from 2018 to 2026. The function of revenue assurance is central in today’s telecom industry. The major goal of revenue assurance is to protect the telecom earnings by finding revenue losses, discovering the root causes for those losses, and ultimately proposing corrective actions. Without any proper revenue assurance practices, there are chances that losses may get worse. As a result, the demand for revenue assurance is more in the telecom industry, thereby driving the overall market growth.

Revenue Assurance Market

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"North America Garnered Largest Market Share in 2017"

The global revenue assurance market, based on geography was led by North America in 2017 and is likely to grow at a considerable rate during the forecast period from 2018 to 2026. The growth of this region is mainly attributed to the increasing number of telecom subscribers and smart devices. Moreover, the presence of some prominent players including Amdocs, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, etc. is further supporting the regional growth. Further, Asia Pacific region is expected to grow at a fastest pace during the forecast period. The flourishing telecom sector in the region is expected to boost the revenue assurance market in the region.  

Revenue Assurance Market

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Competitive Insights

Major players in the revenue assurance market include Accenture plc, Amdocs, Telefonaktiebolaget LM Ericsson, Hewlett Packard Enterprise Development LP, International Business Machines Corporation, Subex Limited, WeDo Technologies, Tech Mahindra Limited, Tata Consultancy Services Limited, and ISON Technologies among others.

Revenue Assurance Market

Historical & Forecast Period

The research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

Revenue assurance market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global revenue assurance market based on service type, deployment model, end-use vertical and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Service Type Segment (2016-2026; US$ Bn)
 • Planning & Consulting
 • Operation & Maintenance
 • System Integration
 • Managed Services

 Deployment Model Segment (2016-2026; US$ Bn)
 • On-premise
 • Cloud

 End-use Vertical Segment (2016 – 2026; US$ Bn)
 • BFSI
 • Telecom
 • Healthcare
 • Retail
 • Others (Energy & Utilities, Logistics, etc.)

 Geography Segment (2016-2026; US$ Bn)
 • North America (U.S., Rest of North America)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of APAC)
 • Rest of the World (Middle East & Africa, Latin America)

Key questions answered in this report

  • What was the market size of revenue assurance market in 2017 and forecast up to 2026?
  • What are the key factors driving the global revenue assurance market?
  • What are the key market trends and high-growth opportunities observed in the revenue assurance market?
  • What are the drivers of the revenue assurance market?
  • Which is the largest regional market for revenue assurance market?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market growth? Why?
  • Which players are leading the revenue assurance market?
  • What are the sustainability strategies adopted by the key players operating in the market?
Choose License Type
Budget Buying
Executive Summary - Brief Global Market Size - Current & Forecast
Regional Market Size - North America
Country Market Size - US
Company Profile – 1
Trusted By
Godaddy
Published Date:  Mar 2019
Category:  IT & Telecom
Report ID:   59629
Report Format:   PDF
Pages:   120
Rating:    4.2 (49)
Delivery Time: 24 Hours to 48 Hours   
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