The Revenue Assurance Market size was valued at USD 5.71 billion in 2023 and is expected to grow to USD 13.72 billion by 2031 and grow at a CAGR of 5.11% over the forecast period of 2024-2031.
Rising cases of revenue leakage, as well as increasing business complexity and technological developments have contributed to market growth. The demand for reliable revenue assurance solutions is growing as enterprises seek to protect their financial interests in the face of complex telecommunications ecosystems and rising service offers. To strengthen their revenue streams, enterprises seek to invest in these solutions so as to ensure correct invoicing and reduce the risk of financial discrepancies. In order to validate their revenue process, as well as detection and prevention of errors, leakages or fraud, companies are becoming more and more dependent on sophisticated Analytics and Automation solutions. The growth of the worldwide market for revenue assurance is also driven by legislative requirements and a need to improve costs effectiveness.
Get more information on Revenue Assurance Market - Request Sample Report
Key Drivers:
Increased demand for cloud-based solutions
The variety of advantages such as scale, efficiency, and cost effectiveness being offered to businesses by cloud-based solutions, the revenue assurance market is experiencing an acceleration. In addition, they provide businesses with access to the latest technology, enabling them to rapidly and effectively implement changes. Moreover, cloud computing allows businesses to take advantage of the latest technologies, such as artificial intelligence and machine learning.
The expansion of the 5G network
Increasing demand for transparency of finances
Restraints:
Lack of transparency
Opportunities:
Increasing adoption of digital technologies
Businesses around the world are adopting digital technologies, such as Internet of Things IoT Blockchain and Artificial Intelligence AI to increase business efficiency and obtain customer behaviour data. These technologies are providing businesses with valuable information that enables them to make data driven decisions, which in turn leads to higher revenue. In addition, businesses can use digital technologies to streamline the manual process.
The need for effective risk management solutions is increasing.
Increasing adoption of revenue assurance in telecom industry
Challenges:
Lack of expertise and resources
Another important factor hampering the growth of the global revenue assurance market is a lack of expertise and resources. In order to properly implement, audit and manage the solutions, revenue assurance requires expert skills and resources. The resources, expertise and knowledge required for effective revenue assurance strategies are not available to a number of organisations. Consequently, they are not in a position to comply with the revenue assurance regulations and guidelines.
High cost
The economic slowdowns lead to increased payment defaults. This creates a situation where companies struggle to collect on legitimate debts, further impacting revenue.
Economic downturns can disrupt global supply chains, leading to shortages and delays. A smartphone manufacturer producing 10,000 units monthly might face a 10% output decrease due to a microchip shortage. This translates to a loss of 1,000 units and a potential revenue decline of $200,000 if each unit generates $200. This highlights how disrupted supply chains cripple production and financial performance.
Companies selling on credit face a rise in payment defaults as customers struggle financially. This creates a domino effect a software company with a typical 5% default rate might see this jump to 20% during a slowdown. This translates to significant bad debt, which eats into profits and hinders reinvestment.
In essence, economic slowdowns create a multi-pronged attack on businesses. They face reduced consumer spending, a rise in bad debt, and production issues. These factors combine to strain cash flow, limit resources, and threaten a company's ability to operate effectively. The economic slowdowns create a double whammy for revenue assurance. Companies face increased fraud attempts while simultaneously having fewer resources to combat them. By understanding these challenges and implementing proactive measures, companies can better navigate economic downturns and protect their revenue streams. During economic slowdowns, companies grapple with heightened payment defaults, making it challenging to recover legitimate debts and exacerbating revenue struggles.
The war in Ukraine disrupts business as usual for telecom companies near the conflict zone. Travel restrictions cause a plunge in roaming revenue, potentially halving income for some. Cybersecurity is another concern. The war triggers a surge in cyberattacks, potentially overwhelming defenses and leading to revenue loss through fraud. Even robust systems might see a significant increase in breaches. The ongoing war between Russia and Ukraine is sending shockwaves through the global economy, and the telecom industry is no exception. This conflict disrupts everyday life in many ways, and travel patterns are no different. With movement restricted and borders closed, telecom operators in regions neighbouring the warzone are likely to face a significant decline in roaming revenue. Industry reports suggest a potential decrease of as much as 50%.
War often leads to an escalation in cyberattacks as warring nations target critical infrastructure to disrupt communication and essential services. Telecom companies operating near the conflict zone are particularly vulnerable. These companies could see a surge in cyberattacks by as much as 20%, straining their resources and potentially creating openings for revenue leakage through fraudulent activities. With the war, an additional 18% of attacks might breach their defences. This translates to a significant increase, considering that even before the war, 10% of attacks bypassed their security. The financial implications can be substantial. If each successful cyberattack results in an average revenue loss of $10,000, Secure Link could face an additional $180,000 in losses every month. The war can also lead to increased operational costs for telecom companies. Rising fuel prices and other war-related economic factors can squeeze profit margins. This can significantly impact the budget available for revenue assurance activities, which are crucial for preventing revenue leakage. For instance, "GlobalTel," a telecom company with a monthly operational cost of $5 million, could see a 10% increase in expenses due to the war. This translates to an additional $500,000 in monthly costs, potentially reducing the resources available for revenue assurance initiatives.
By Component
Software
Services
By Deployment
On-premise
Cloud
In 2023, the cloud segment accounted for the largest revenue share of 52.3% and is expected to grow at the fastest compound annual growth rate during the forecast period. In the coming years, a paradigm shifts from on-premise to cloud will give rise to various opportunities in the market. The cloud offers operators access to high speed, flexibility and efficiency in the management of revenues and fraud.
By End-Use
BFSI
Telecom
Healthcare
Retail
Energy & Utilities
Others
In 2023, telecommunications accounted for the highest revenue share of 36.9% and is expected to increase at a faster compound annual growth rate during the forecast period. This is due to an increased incidence of telecoms fraud, one of the main reasons for revenue leakage in the telecommunications sector.
.png)
Need any customization research/data on Revenue Assurance Market - Enquiry Now
The market was dominated by North America, with a revenue share of 30.8% in 2023. The US, owing to its favourable business climate and robust consumer support, is also responsible for this continued growth of innovation projects and technology spending. Due to the strong telecommunications sector and increasing awareness of the influence of revenue leakages on an organisation's total profitability’s, revenues assurance has also become increasingly empowered and visible throughout the region.
In the forecast period, Asia Pacific is projected to grow at a faster compound annual growth rate of 15.9%. Increased demand for cloud-based services from SMEs is a major driver of the market in this region. The pace of digital transformation in the region is accelerating and will continue to drive significant investments in new and advanced technologies. Moreover, market growth is supported by the booming telecommunications sector of this region.
REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
The major key players are IBM Corporation, Amdocs, Tech Mahindra, Tata Consulting Services, Ericsson, Subex Limited, Hewlett Packard, Accenture, Nokia, TransUnion & Other Players
| Report Attributes | Details |
| Market Size in 2023 |
US$ 5.17 Billion |
| Market Size by 2031 |
US$ 10.98 Billion |
| CAGR |
CAGR of 5.11% From 2024 to 2031 |
| Base Year |
2023 |
| Forecast Period |
2024-2031 |
| Historical Data |
2020-2022 |
| Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• By Component (Software, Services) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles |
IBM Corporation, Amdocs, Tech Mahindra, Tata Consulting Services, Ericsson, Subex Limited, Hewlett Packard, Accenture, Nokia, TransUnion |
| Key Drivers |
• The increased adoption of subscription-based economies |
| Market Challenges |
• The demand for corporate assurance solutions is increasing |
Ans: The Revenue Assurance Market was valued at USD 5.71 billion in 2023.
Ans: - Market progress is dependent on human-led services.
Ans: The expected CAGR of the Revenue Assurance Market during the forecast period is 5.11%.
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Revenue Assurance Market Segmentation, By Component
9.1 Introduction
9.2 Trend Analysis
9.3 Software
9.4 Services
10. Revenue Assurance Market Segmentation, By Deployment
10.1 Introduction
10.2 Trend Analysis
10.3 On-premise
10.4 Cloud
11. Revenue Assurance Market Segmentation, By End-use
11.1 Introduction
11.2 Trend Analysis
11.3 BFSI
11.4 Telecom
11.5 Healthcare
11.6 Retail
11.7 Energy & Utilities
11.8 Others
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Poland
12.3.1.2 Romania
12.3.1.3 Hungary
12.3.1.4 Turkey
12.3.1.5 Rest of Eastern Europe
12.3.2 Western Europe
12.3.2.1 Germany
12.3.2.2 France
12.3.2.3 UK
12.3.2.4 Italy
12.3.2.5 Spain
12.3.2.6 Netherlands
12.3.2.7 Switzerland
12.3.2.8 Austria
12.3.2.9 Rest of Western Europe
12.4 Asia-Pacific
12.4.1 China
12.4.2 India
12.4.3 Japan
12.4.4 South Korea
12.4.5 Vietnam
12.4.6 Singapore
12.4.7 Australia
12.4.8 Rest of Asia Pacific
12.5 The Middle East & Africa
12.5.1 Middle East
12.5.1.1 UAE
12.5.1.2 Egypt
12.5.1.3 Saudi Arabia
12.5.1.4 Qatar
12.5.1.5 Rest of the Middle East
11.5.2 Africa
12.5.2.1 Nigeria
12.5.2.2 South Africa
12.5.2.3 Rest of Africa
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Colombia
12.6.4 Rest of Latin America
13. Company Profiles
13.1 IBM Corporation
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Amdocs
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Tech Mahindra
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 Tata Consulting Services
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Ericsson
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Subex Limited
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Hewlett Packard
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Accenture
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Nokia
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 TransUnion
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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 Cloud-Based Contact Center Market size was valued at USD18.79 Bn in 2021 and is expected to reach USD 121.94 Bn by 2030, and grow at a CAGR of 26.33% over the forecast period 2023-2030.
The Cloud Gaming Market size was valued at USD 1.12 billion in 2022 and is expected to grow to USD 21.31 billion by 2030 and grow at a CAGR of 44.52 % over the forecast period of 2023-2030.
The Online Tutoring Services Market Size was valued at USD 8.84 Billion in 2023 and is expected to reach USD 26.31 Billion by 2031 and grow at a CAGR of 14.6% over the forecast period 2024-2031.
The ESG Reporting Software Market size was USD 0.8 billion in 2022 and is expected to Reach USD 2.6 billion by 2030 and grow at a CAGR of 16 % over the forecast period of 2023-2030.
The Digital Transaction Management Market size was USD 9.92 billion in 2022 and is expected to Reach USD 62.38 billion by 2030 and grow at a CAGR of 25.84 % over the forecast period of 2023-2030.
The Web Application Firewall Market size was valued at USD 5.69 billion in 2022. It is expected to hit USD 23.19 billion by 2030 and grow at a CAGR of 19.2% over the forecast period of 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
