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Revenue Assurance Market Share, Size & Industry Forecast Report, 2020-2027

04-19-2021 01:33 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the market look promising over the next six years. This is mainly due to the increasing business concentration to provide a better consumer experience, growing adoption of subscription-based business models, and rising penetration of the internet.

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Revenue Assurance Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The surging acceptance of subscription-based business models, increasing demand for automation solutions for revenue assurance, and the business's rising focus to provide better customer experience are the drivers stimulating the growth of the global market. Also, accelerating internet penetration and the rising number of consumers along with the transaction amount across the world will bolster the market growth. The accelerating revenue leakage and increasing complications related to revenue streams result in different concerns are supporting consumers to choose revenue assurance solutions and eliminate the chances of profit leakages.

Component Segment Drivers

Based on the component, service segment is projected to dominate the market over the forecast period because of the service provider's rising adoption of services to improve their assurance portfolio by providing competitive advantages and operational flexibility to their customers. Organizations that lack in-house abilities outsource their services to specialized managed service providers. Also, the growing need for this type of solutions leads to a rise in the demand for services, which further propels the market growth.

Deployment Segment Drivers

On the basis of the deployment model, the cloud is expected to witness a higher CAGR during the forecast period. This is because of the increasing penetration of this type of solutions across SMEs. The rising acquisition of cloud-based solutions herded by its low cost and improved security, which further contributes to market growth.

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Regional Drivers

Based on the regional coverage, Asia-pacific is expected to expand at a higher CAGR during the forecast period owing to the augmenting digitalization in nations including India, China, Japan, and Australia, accompanied by the growing penetration of smartphones and the internet, resulting in a large amount of data productions. Also, the increasing seepage of digital infrastructure due to the expansion in threat from hacker groups or terror networks integrated with the intensifying investments in network technologies further fuelled the growth of the market.

Revenue Assurance Market’s Leading Manufacturers:

• Cartesian, Inc.
• Mobileum, Inc
• TATA Consultancy Services Limited
• Xintec Inc.
• Hewlett Packard Enterprise Company
• Nokia Corporation
• Amdocs

Revenue Assurance Market Segmentation:

Segmentation by Component:
• Software
• Services
o Planning & Consulting
o Implementation & Customization
o Support & Maintenance
o Managed Services

Segmentation by Solution:
• Migration Assurance
• Usage Assurance
• Provisioning Assurance
• Billing and Rating Validation
• Roaming and Interconnect Partner Assurance

Segmentation by Deployment Mode:
• Cloud
• On-Premises

Segmentation by End-User:
• Telecommunication Service Providers
• Enterprises

Segmentation by Vertical:
• Telecom
• Utilities
• Banking, Financial Services, And Insurance
• Hospitality
• Others

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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