Press release
Revenue Assurance Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Revenue Assurance
The increasing adoption of cloud computing is expected to accelerate the growth of the revenue assurance market. Cloud computing offers scalability, cost efficiency, and flexibility, driving its adoption. It also supports real-time data processing and analytics, improving revenue monitoring and fraud detection. In December 2023, Eurostat reported that 45.2% of enterprises in the EU procured cloud services, marking a 4% rise from 2021. The growing adoption of cloud computing is promoting the revenue assurance market.
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What growth opportunities are expected to drive the revenue assurance market's CAGR through 2034?
The revenue assurance market has seen rapid growth in recent years. It will increase from $4.9 billion in 2024 to $5.47 billion in 2025 at a CAGR of 11.7%. This growth is driven by regulatory compliance requirements, the rise in transaction data, increased subscription-based models, growing data usage, and the shift toward digital services.
The revenue assurance market is set to grow to $8.38 billion by 2029 at a CAGR of 11.3%. Growth is driven by 5G adoption, digital transformation, demand for cloud solutions, AI integration, and the telecom industry's need for revenue assurance. Trends include real-time assurance, product innovations, automation, AI integration, and fraud management convergence.
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What are the emerging trends shaping the future of the revenue assurance market?
Leading players in the revenue assurance market are forming strategic partnerships to enhance their technological capabilities, broaden their market presence, and provide holistic solutions that meet the changing needs of customers. Strategic partnerships allow companies to combine their resources and strengths for mutual growth. For example, in August 2024, Grameenphone, a telecommunications company based in Bangladesh, joined forces with Mobileum, a US telecommunications analytics firm. This collaboration strengthens their next-generation revenue assurance and fraud management solution using Mobileum's Active Intelligence Platform. By incorporating AI, machine learning, and advanced analytics, the partnership aims to minimize revenue loss, improve fraud detection, and provide more secure and efficient services.
Which growth-oriented segments of the revenue assurance market are leading the industry's development?
The revenue assurance market covered in this report is segmented -
1) By Component: Software, Services, Planning And Consulting, Implementation And Customization, Support And Maintenance, Managed Services
2) By Deployment Mode: Cloud, On-Premises
3) By Organization Size: Large Organizations, Small And Medium-Sized Enterprises (SMEs)
4) By End User: Banking, Financial Services And Insurance (BFSI), Telecommunication, Healthcare, Retail, Energy And Utilities, Other End Users
Subsegments:
1) By Software: Revenue Assurance Software, Fraud Management Software, Billing And Charging Software
2) By Services: Planning And Consulting, Implementation and Customization, Support And Maintenance, Managed Services
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What regions are leading the charge in the revenue assurance market?
North America was the largest region in the revenue assurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the revenue assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the revenue assurance market?
Major companies operating in the revenue assurance market are accenture* plc, Deloitte Touche Tohmatsu Limited, Hewlett Packard Enterprise Company, Telefonaktiebolaget LM Ericsson, Nokia Corporation, Tata Consultancy Services Limited, Tech Mahindra Limited, Amdocs Limited, TransUnion LLC, Itron Inc., Sandvine Corporation, Mobileum Inc., TEOCO Corporation, eClerx Services Limited, Hansen Technologies, DigitalRoute AB, Cerillion Technologies Limited, Subex Limited, WeDo Technologies S.A., Sagacity Solutions Inc
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What Is Covered In The Revenue Assurance Global Market Report?
•Market Size Forecast: Examine the revenue assurance market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the revenue assurance market for a structured understanding.
•Key Players Overview: Analyze major players in the revenue assurance market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the revenue assurance market.
•Segment Contributions: Evaluate how different segments drive overall growth in the revenue assurance market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the revenue assurance market.
•Industry Challenges: Identify potential risks and obstacles affecting the revenue assurance market.
•Competitive Landscape: Review strategic developments in the revenue assurance market, including expansions, agreements, and new product launches.
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