Report Scope & Overview:
Revenue Assurance Market size was valued at USD 5.17 Bn in 2022 and is expected to reach USD 10.98 Bn by 2030, and grow at a CAGR of 9.87% over the forecast period 2023-2030.
Revenue assurance is a collection of actions or concepts that enable firms to correctly capture revenue for all items sold or services rendered. Instead of identifying and correcting financing errors after they occur, or not identifying and correcting them at all, revenue assurance principles or tools enable businesses to examine and fix current or potential revenue leakage points throughout networks and intermediate client- and customer-facing systems, and correct the data before it reaches the organization's billing systems.
To get more information on Revenue Assurance Market - Request Sample Report
Though the primary goal of any revenue assurance system is to detect and prevent revenue leakage, technologically advanced revenue assurance systems also assist companies in improving and automating their traditional revenue assurance detection and monitoring processes, as well as detecting and preventing fraud and data inconsistencies.
Products and services-based firms confront several obstacles and issues today, ranging from extending their customer base in saturated markets to managing the fast-growing consumer base in new countries. Markets with many suppliers also offer organizations an extremely competitive environment that necessitates constant innovation and technical improvement to acquire a competitive edge in the market.
The increased adoption of subscription-based economies.
Businesses are increasingly focusing on improving the consumer experience.
Automation solutions for revenue assurance are required.
Market progress is dependent on human-led services.
BDT use id rising.
Increasing need for novel payment services: Telco-OTT collaboration.
The demand for corporate assurance solutions is increasing.
Economic slump and Coronavirus outbreak.
IMPACT OF COVID-19:
In the context of the COVID-19 pandemic, leading companies in the revenue assurance industry guarantee that the COVID-19 issue has a low commercial impact on their clients. Telecommunications businesses are focusing on improving network resilience and assessing how COVID-19 would affect their planned investments, notably in 5G. Companies are also implementing improvements to benefit clients who want networking services at this time, but in certain nations, data is being utilized as a tool to track and control the virus's spread.
With a share in 2022, the software category led the market and is predicted to retain its dominance throughout the forecast period. This is because very adaptable and creative revenue assurance software is now available. Revenue assurance software, which innovative process-driven technique greatly assists service providers and improves their commercial and financial performance by finding revenue leakages inside the targeted network. The service sector is predicted to grow at the fastest rate throughout the projection period. Planning and consulting, operations and maintenance, system integration, and managed services are all sub-segments of this market. Several end-user verticals throughout the world are gradually embracing revenue assurance software and services to mitigate the consequences of revenue leakages.
In terms of revenue, on-premise led the market in 2022, with a share. The extraordinary security provided by this industry is primarily responsible for its rise. Critical data may be stored on-premises without the need for third-party access. Despite the growing popularity of the cloud model, on-premise solutions may continue to meet the business demands of many enterprises. Data security is required for both on-premise and cloud deployments. As a result, security is a top priority for many firms. Over the projected period, the cloud sector is predicted to grow at the fastest CAGR. A paradigm shift from on-premise to cloud computing is expected to provide a variety of industry possibilities in the coming years. The cloud enables operators to manage revenue and fraud with more speed, agility, and effectiveness.
In terms of revenue, the telecom sector dominated the market in 2022, with a share that is predicted to expand the quickest during the projection period. This is due to an increase in telecom fraud, which is one of the primary causes of income leakages in the telecom business. Revenue leaks have long plagued telecom behemoths. With the increasing competition from merging media such as the internet, telecom goods must combine quicker as well as better technology to meet the regulatory bodies' requirements. Over the projection period, the BFSI industry is expected to increase at a robust rate. Revenue leakage happens in nearly every department of a bank. Both business and retail clients may be contributing to the income loss. Revenue assurance programs are yielding excellent outcomes in the banking industry, creating several market development potentials.
KEY MARKET SEGMENTS:
On The Basis of Component
On The Basis of Deployment Model
On The Basis of End-use
Energy & Utilities
Need any customization research/data on Revenue Assurance Market - Enquiry Now
North America is made up of industrialized countries with well-established infrastructures, ISPs, and CSPs, all of which drive a high need for revenue assurance solutions in the area. The United States and Canada contribute the most to the North American market; the reason for their dominance is their well-established economies, which permit significant expenditures in new technologies such as 5G and network virtualization. Other key variables influencing revenue assurance solution adoption in the region include an increase in subscription-based data, the presence of large revenue assurance suppliers, and improved telecom network infrastructure.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Subex Limited -Company Financial Analysis
|Market Size in 2022||
US$ 5.17 Bn
|Market Size by 2030||
US$ 10.98 Bn
CAGR of 9.87% From 2023 to 2030
|Report Scope & Coverage||
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
• By Component (Software and Services)
North America (USA, Canada, Mexico), Europe
IBM Corporation, Amdocs, Tech Mahindra, Tata Consulting Services, Ericsson, Subex Limited, Hewlett Packard, Accenture, Nokia, TransUnion
• The increased adoption of subscription-based economies
• The demand for corporate assurance solutions is increasing
Ans: - The Revenue Assurance Market size was valued at USD 5.17 Bn in 2022.
Ans: - Market progress is dependent on human-led services.
Ans: -The Revenue Assurance Market is to grow at a CAGR of 9.87% over the forecast period 2023-2030.
Ans. The primary growth tactics of Revenue Assurance market participants include merger and acquisition, business expansion, and product launch.
Ans: - The study includes a comprehensive analysis of Revenue Assurance Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
220.127.116.11 United Kingdom
18.104.22.168 South Korea
22.214.171.124 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Revenue Assurance Market Segmentation, by Component
9. Revenue Assurance Market Segmentation, by Deployment Model
10. Revenue Assurance Market Segmentation, by End-use
10.5 Energy & Utilities
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 IBM Corporation
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.3 Tech Mahindra
12.4 Tata Consulting Services
12.6 Subex Limited
12.7 Hewlett Packard
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Deception Technology Market size was valued at USD 1.74 billion in 2022 and is expected to grow to USD 5.16 billion by 2030 and grow at a CAGR of 14.56 % over the forecast period of 2023-2030.
Manufacturing Execution System (MES) Market is anticipated to develop at a CAGR of 9.31% from 2023 to 2030, from a value of USD 12.86 billion in 2022 to USD 26.21 billion in 2030.
The Asset Performance Management Market is anticipated to increase at a CAGR of 12.21% from 2023 to 2030, from a value of USD 18.87 billion in 2022 to USD 47.42 billion in 2030.
The Data Monetization Market was estimated to be worth USD 2.8 billion in 2022, and it is anticipated to reach USD 12.11 billion by 2030, growing at a CAGR of 20.1% from 2023 to 2030.
The Algorithmic Trading Market size was valued at USD 16.9 billion in 2022 and is expected to grow to USD 42.74 billion by 2030 and grow at a CAGR of 22.3 % over the forecast period of 2023-2030.
The Forensic Accounting Services Market size was valued at USD 5,561.79 Bn in 2022 and is expected to reach USD 10,664.37 Bn by 2030 and grow at a CAGR of 8.58 % over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone