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Revenue Assurance Market – Increasing Incidence Of Revenue Leakages Is One Of The Prominent Factors Expected To Drive The Market | Grand View Research, Inc.

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Revenue Assurance Market – Increasing Incidence Of Revenue Leakages Is One Of The Prominent Factors Expected To Drive The Market | Grand View Research, Inc.

May 20
06:36 2021
Revenue Assurance Market - Increasing Incidence Of Revenue Leakages Is One Of The Prominent Factors Expected To Drive The Market | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
Key factors that are driving the market growth include an increase in complication of networks & services coupled with the rising usage use of technology by fraudsters.

The global revenue assurance market size is projected to reach USD 8.71 billion by 2027, expanding at a CAGR of 11.1% from 2020 to 2027, according to a study conducted by Grand View Research, Inc. Revenue assurance is a prime factor that upholds operators’ margins. It mainly focuses on the important areas such as detecting leakage of revenues, correcting, or fixing the issue and then ensuring that changes are made to avoid recurring issues. It is imperative for operators to assess the complete lifecycle of capturing and identifying data leakages and recovering them to prevent revenue loss and establish a building block for fee or income transparency.

The telecommunication industry has undergone a rapid evolution. Technological advancements in regards with artificial intelligence (AI) capabilities, 5G networks, and IoT have mainly been led by the need to offer tailored services and applications effortlessly to users in a pervasive manner. Significant changes are expected to take place in existing telecommunications networks and service infrastructure for offering new and converged services across the heterogeneous access networks to a wide range of end users. For instance, changes in voice calling and networks have exposed many carriers to revenue losses. The deficiency of quality arises from concerns such as call routing across multiple networks. Poor or inadequate call quality compromises the customer experience and revenue is often delayed through inter-carrier differences over fair charges and the service quality delivered. This transformation in itself is a huge challenge for operators since they need to safeguard their unique and evolving infrastructure from fraud and revenue assurance threats.

Growing business complexities are expected to catapult the demand for revenue assurance solutions and services over the forecast period. An increase in complication of networks and services, coupled with rising usage of technology by fraudsters, is also expected to boost the demand for revenue assurance over the forecast period. The revenue streams processes have become complex due to rising number of participants and types of services being offered. Despite the improved technology infrastructure, revenue leakage occurs at several points alongside the revenue flow and are possibly very significant.

Nevertheless, lack of organizational empowerment and shortage of skilled personnel may pose a challenge to market growth. End-use industries often lack their responsibility towards empowering their resources and refuse to spend extra in investing in revenue assurance solutions and services, which is expected to restrain the demand in the years to come. Additionally, with millions of subscribers, a range of new and innovative products, customized solutions, operational support services, including order fulfillment, service configuration, billing, and customer care, are becoming complex. Hence, the cost of handling these operations requires skilled resources, thereby increasing the financial overhead. Lack of emphasis on change frequently leads to severe instances, which have a financial impact like unexpected revenue leakages that affect billing due to changes in the network, particularly if risk management activity is absent or weak. This is further projected to pose a challenge to market growth.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/revenue-assurance-market

Revenue Assurance Market Report Highlights

 By deployment model, the cloud segment is expected to expand at the fastest CAGR of 13.21% over the forecast period. Owing to rising inclination towards cloud-based solutions, major players in the market are investing in cloud-based applications and are supporting the telecom operators to reduce revenue frauds

 Based on end-use vertical, the telecom sector accounted for 35.04% share in 2019 and is expected to witness fastest growth over the coming years as revenue assurance is one of the major concerns affecting the telecom industry worldwide

 Asia Pacific is expected to expand at the highest CAGR of 15.1% over the forecast period owing to the high amount of revenue leakages in the region.

Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/revenue-assurance-market/request/rs1

Revenue Assurance Market Segmentation

Grand View Research has segmented the global revenue assurance market based on component, deployment model, end-use vertical, and region:

Revenue Assurance Component Outlook (Revenue, USD Million, 2016 – 2027)

  • Software

  • Services

Revenue Assurance Deployment Model Outlook (Revenue, USD Million, 2016 – 2027)

  • On-premise

  • Cloud

Revenue Assurance End-use Vertical Outlook (Revenue, USD Million, 2016 – 2027)

  • Banking, Financial Services and Insurance (BFSI)

  • Telecom

  • Healthcare

  • Retail

  • Energy & Utilities

  • Others

Revenue Assurance Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

    • France

    • Italy

  • Asia Pacific

    • China

    • India

    • Japan

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa

 List of Key Players of Revenue Assurance Market

  • Accenture plc

  • Amdocs

  • Araxxe

  • Hewlett Packard Enterprise Development LP

  • International Business Machines Corporation

  • Subex Limited

  • Tata Consultancy Services Limited

  • Tech Mahindra Limited

  • Telefonaktiebolaget LM Ericsson

  • TEOCO

  • WeDo Technologies

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/450430/ibb

About Grand View Research

Grand View Research is a market research and consulting company headquartered in San Francisco, which offers syndicated research reports, customized research reports, and consulting services to clients across a number of industries, including healthcare, materials, chemicals, energy, technology, and food and beverage, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
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Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/revenue-assurance-market


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