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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

The global revenue assurance market was valued at US$ 2.52 billion in 2017 and is expected to grow significantly, expanding at a CAGR of 11.0% from 2018 to 2026. Revenue assurance is a business process that detects revenue leaks in order to assist service providers in minimizing revenue loss and opportunity loss and providing 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 and accounts 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 adaptation of new access and service delivery technologies, there is a constant need for changing service offerings to meet market demands.

With the increasing incidences of revenue leakages, the demand for revenue assurance solutions and services is projected to increase to a greater extent, thereby driving the market's growth. Furthermore, rising awareness about the serious consequences of revenue leakages on an organization's overall profitability is expected to drive the market in the coming years.

Telecom accounted for the largest market share in 2017.

In 2017, the telecom sector accounted for the largest market share in the global revenue assurance market and was likely to remain dominant during the forecast period from 2018 to 2026. The function of revenue assurance is central to today's telecom industry. The major goal of revenue assurance is to protect telecom earnings by finding revenue losses, discovering the root causes of 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 higher in the telecom industry, thereby driving the overall market growth.

North America garnered the 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 regional growth. Further, the Asia-Pacific region is expected to grow at the fastest pace during the forecast period. The flourishing telecom sector in the region is expected to boost the revenue assurance market in the region.

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, ISON Technologies, among others.

Periods of History and Forecast

The research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The 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 the global revenue assurance market based on service type, deployment model, end-use vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the revenue assurance market in 2017, and what is the projected size through 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?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market's growth? Why?
  • Which players are leading the revenue assurance market?
  • What are the sustainability strategies adopted by the key players operating in the market?

Frequently Asked Questions:

The market for Revenue Assurance Market is expected to reach US$ 2.52 Bn by 2026.

The Revenue Assurance Market is expected to see significant CAGR growth over the coming years, at 11.0%.

The report is forecasted from 2018-2026.

The base year of this report is 2017.

Hewlett-Packard Enterprise Development LP, International Business Machines Corporation, Subex Limited, WeDo Technologies, Tech Mahindra Limited, Tata Consultancy Services Limited are some of the major players in the global market.

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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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