According to a market research report "Revenue Assurance Market by Component
(Software and Services), End-User (TSPs, and Enterprises), Deployment Mode
(Cloud and On-premises), Vertical (Telecom, Utilities, BFSI, Hospitality, and
Others), and Region - Global Forecast to 2025", published
by MarketsandMarkets, The revenue assurance market size is projected to grow
from USD 512 million in 2020 to USD 782 million by 2025, at a Compound Annual
Growth Rate (CAGR) of 8.9% during the forecast period.
The major factors driving the growth of the revenue assurance
market include the rise of the subscription economy, rising number of mobile
and internet users, adoption of advanced technologies such as RPA, Big Data,
AI, and IoT.
Browse and in-depth TOC on “Revenue Assurance
Market”
109 - Tables
29 - Figures
142 – Pages
The services segment to record a larger market size during the forecast period
Revenue Assurance services are estimated to hold a larger
market share during the forecast period in the revenue assurance market.
Services portfolio includes planning and consulting, implementation and
customization, support and maintenance, and managed services. These services
enhance the revenue assurance portfolio of the services providers by offering
customers with value creation, operational flexibility, and competitive
advantage. Companies that lack in-house capabilities for revenue assurance of
an organization outsource the functionality from expert Managed Service
Providers (MSPs). With the growing demand for revenue assurance solutions, the
services portfolio is expected to increase due to the market’s dependency on
human-interaction for development and growth.
By deployment model, the on-premises segment to record the
larger market share during the forecast period
There is a large-scale adoption of revenue assurance
solutions among large scale telecom service providers that have significant
CAPEX and IT infrastructure investment capabilities. Therefore, the market
share of on-premises deployment mode is higher as compared to cloud deployment
mode, since the on-premises model gives various benefits such as data security,
and lower-latency issues.
APAC to record the highest growth during the forecast
period
APAC to record the highest growth during the forecast
period due to the presence of growing network technologies, digital
infrastructure, and smartphone and internet penetration. Countries, such as
India, China, Australia, and Japan also contribute a major share to the APAC
economy. These countries are experiencing major growth in data generation due
to rapid digitalization and threat from hacker groups or terror networks with
the increasing penetration of digital infrastructure and heavy investments on
network technologies by key industry telecom players in the region.
Major vendors of revenue assurance include Amdocs (US),
Araxxe Inc. (US), Adapt IT (South Africa), Cartesian (US), Digital Route
(Sweden), eClerx (India), HPE (US) Itron (US), Nokia (Finland), Profit Insight
(US), Sagacity Solutions (UK), Sandvine (Canada), Sigos (Germany), Subex
(India), Synthesis Systems (US), TCS (India), Teoco (US), Transunion, (US), and
WeDo (Portugal), and Xintec (Ireland).
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Content Source: https://www.marketsandmarkets.com/PressReleases/revenue-assurance.asp
Report: https://www.marketsandmarkets.com/Market-Reports/revenue-assurance-market-93599016.html
Mr. Sanjay Gupta
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Content Source: https://www.marketsandmarkets.com/PressReleases/revenue-assurance.asp
Report: https://www.marketsandmarkets.com/Market-Reports/revenue-assurance-market-93599016.html
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