Revenue Assurance Market

Industry Overview

The size of the Revenue Assurance Market was valued at USD 0.53 billion in 2023 and is expected to reach USD 0.88 billion by 2030, during the forecast period at a Compound Annual Growth Rate (CAGR) of 9.2 percent. Revenue assurance refers to the collection of operations that enable businesses to correctly collect revenue for all the goods sold or services rendered. Instead of mitigating or correcting funding errors after they have occurred, the concepts or instruments enable businesses to observe and repair existing or possible revenue leakage points through networks and intermediate consumer and customer-facing processes and correct the data until it enters the billing systems of the company. Factors such as increasing focus of businesses on enhancing customer experience, rise in the use of subscription-based economy and need for automation solutions for revenue assurance: RPA are driving the market growth. Though, trust on human-led services for market growth is restraining the market growth. Moreover, growing demand for innovative payment services: Telco-OTT partnerships are the opportunities for the revenue assurance market.

Segmentation

Based on Services

• Software
• Services
• Planning & Consulting
• Implementation and Customization
• Support and Maintenance
• Managed Services

Managed services segment to hold the largest market share going forward. Companies that do not have in-house revenue assurance capabilities outsource the role to specialist Managed Service Providers (MSPs). Organizations are projected to raise their demand for revenue assurance managed services as a result of rising costs and resource constraints.

Based on Deployment Mode

• Cloud
• On Premises

During the forecast period, the cloud segment is expected to expand at a faster CAGR. The growing adoption of revenue assurance solutions by small and mid-sized businesses has resulted in a substantial increase in revenue assurance system deployments in the cloud. Due to a lack of resources and money to invest in physical servers and IT resources to fund locally hosted solutions, these companies prefer cloud-based revenue assurance solutions.

Based on Geographies

• Africa
• Europe
• North America
• APAC

Over the forecast period, Asia Pacific is predicted to have the highest CAGR of 15.1 percent. Increased demand for cloud-based services from small and mid-sized businesses is driving the market in the area. The area is accelerating its digital transformation, which will continue to drive substantial investments in new and advanced technologies. In addition, the region's booming telecom sector is boosting business growth.

Global Revenue Assurance Market Report Coverage

Trends

The emergence of both large-scale and medium-scale revenue assurance providers has characterized the industry. In order to maintain their position in an increasingly competitive business setting, these businesses are actively investing in R&D activities to establish creative solutions. In addition, the market exhibits fierce competition among the major players, necessitating constant innovation and production of technologically advanced revenue assurance solutions.

For example, in June 2019, WeDo Technologies, a fraud management and revenue assurance specialist, convened more than 200 telecom experts at its WeMeet Europe event. WeMeet Europe provided insight into how 5G can challenge current telecom business models, as well as key areas where the company is investing in its product portfolio to help CSP risk reduction and revenue assurance strategies.

Market Drivers

Digitization is one of the primary reasons responsible for the growth of the revenue assurance market the increase in internet penetration, the increase in transaction data generation, the growth of small and medium-sized businesses providing digital service delivery solutions, the increase in subscription business models and the adoption of emerging technologies such as Big Data, ML and IoT.

Increasing Complexity of Revenue Processes: With the digital transformation and globalization of businesses, revenue processes have become more complex. Companies now deal with diverse revenue streams, multiple product lines, various pricing models, and complex billing and invoicing systems. As a result, there is a growing need for revenue assurance solutions to ensure accurate revenue recognition and minimize revenue leakage.

Rising Revenue Leakage Concerns: Revenue leakage is a significant challenge for businesses across industries. It can occur due to errors in billing, invoicing, contract management, and revenue recognition processes, as well as fraudulent activities. Revenue assurance solutions help companies detect and address revenue leakage points, leading to increased revenue recovery and improved financial performance.

Industry-Specific Factors: Certain industries, such as telecommunications, banking, utilities, and e-commerce, have unique revenue challenges due to high transaction volumes, complex pricing models, and regulatory requirements. These industries are major adopters of revenue assurance solutions to ensure revenue accuracy, prevent revenue leakage, and enhance customer satisfaction.

Globally, Telecom operators lose billions of dollars through annual revenue leakages that are caused by inadequate internal control processes, systems, and fraud. However, despite the awareness of this importance, many service providers are incessantly facing problems related to revenue leakages. As their networks evolve into a more complex infrastructure with the adaption of new access and service delivery technologies, there is a constant need for changing service offerings to meet the market demands. With the increasing incidences of revenue leakages, the demand of revenue assurance solutions and services is projected to increase to a greater extent thereby driving the market growth.

Opportunity

Over the forecast period, technological advances in revenue assurance are likely to create opportunities for the industry. Cloud, 4G/5G, IoT, and SDN/NFV are among the emerging innovations that are enabling operators to introduce new business models and services, but they are also allowing new instances of fraud to emerge. Traditional structures cannot keep up with the dynamics of today's mobile world, resulting in sales loss and possible profit erosion. In the coming years, the implementation of new technologies and processes, such as real-time revenue assurance, is expected to fuel market growth.

Challenges

Following are the key challenges faced by this industry

• Lack of Expertise - The lack of skilled workforce working in this industry is one of the major challenges Presence of fewer skilled professionals to monitor fake transactions dampens the rate of growth of this industry
• Economic Slowdown - Global Economic slowdown and currency fluctuations further create problems for the growth of this market.

Impact of COVID-19 on Revenue Assurance Market

The global revenue assurance sector has been positively affected by the COVID-19 emergency. More than 65 percent of employees have started opting for the job from home with safe communication networks available during this time. The frequency of revenue attacks, including SMS scams, international revenue share fraud (IRSF), social engineering fraud, distributed denial-of-service (DDoS) and robocalls, has recently shown a sharp decline. Many financial & government organizations are introducing revenue assurance programs to distinguish internal & external fraud revenue transactions because of these revenue attacks. This factor is expected to drive growth in the market during the emergency era.

Key Players

• Amdocs (U.S.A)
• Araxxe Inc. (U.S.A)
• Adapt IT (South Africa),
• Cartesian (U.S.A)
• Digital Route (Sweden)
• eClerx (India)
• HPE (U.S.A)
• Itron (U.S.A)
• Nokia (Finland)
• Profit Insight (U.S.A)
• Sagacity Solutions (U.K.)
• Sandvine (Canada)
• Sigos (Germany)
• Subex (India)
• Synthesis Systems (U.S.A)
• TCS (India)
• Teoco (U.S.A)
• Transunion (U.S.A)
• WeDo (Portugal)
• Xintec (Ireland)

Recent News

Recent Developments

Subex partnered with Jawwal, a Palestinian MNO, in January 2020 to deliver its ROC RA platform while also continuing the partnership for another five years. The collaboration will see the ROC revenue assurance program introduced, allowing Jawwal to cover its newly launched digital services while also maximizing revenue sources and lowering risks.

Amdocs partnered with Safaricom, a Kenyan mobile network provider, in May 2018. By leveraging Amdocs assurance technologies and experience, the collaboration aided Safaricom in the launch of its revolutionary digital services, which were planned to meet the needs of the company's 29.5 million customers. The collaboration will also ensure that new service revenues are comprehensive and adaptable over their lifecycle.

Primary Research

VynZ Research conducts extensive primary research to understand the market dynamics, validate market data and have key opinions from industry experts. The key profiles approached within the industry include, CEO, CFO, CTO, President, Vice President, Product Managers, Regional Heads, and Others. Also, end user surveys comprising of consumers are also conducted to understand consumer behavior.

The Revenue Assurance Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.

Segments Covered in the Report

• By Services
  • Software
  • Services
  • Planning & Consulting
  • Implementation and Customization
  • Support and Maintenance
  • Managed Services
• By Deployment Mode
  • Cloud
  • On-Premises

Region Covered in the Report

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia-Pacific (APAC)
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
• Rest of the World (RoW)
  • Brazil
  • Saudi Arabia
  • South Africa
  • U.A.E.
  • Other Countries

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.   By Services
                1.2.2.   By Deployment Mode                
                1.2.3.   By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.    Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.    Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    Industry Overview

        3.1.    Industry Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    Industry Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of Industry Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast to 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Services
                5.1.1.    Software
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030  
                5.1.2.    Services
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                5.1.3.    Planning & Consulting
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
                5.1.4.     Implementation and Customization
                        5.1.4.1. Market Definition
                        5.1.4.2. Market Estimation and Forecast to 2030  
                5.1.5.    Support and Maintenance
                        5.1.5.1. Market Definition
                        5.1.5.2. Market Estimation and Forecast to 2030
                5.1.6.    Managed Services
                        5.1.6.1. Market Definition
                        5.1.6.2. Market Estimation and Forecast to 2030        
        5.2.    By Deployment Mode
                5.2.1.    Cloud
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    On Premises
                        5.2.2.1. Market Definition
                        5.2.2.2. Market Estimation and Forecast to 2030                         
        
6.    North America Market Estimate and Forecast

        6.1.    By Services
        6.2.    By Deployment Mode        
        6.3.    By Country
                6.3.1.    U.S. Market Estimate and Forecast
                6.3.2.    Canada Market Estimate and Forecast
                6.3.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

        7.1.    By Services
        7.2.    By Deployment Mode        
        7.3.    By Country
                7.3.1.    Germany Market Estimate and Forecast
                7.3.2.    France Market Estimate and Forecast
                7.3.3.    U.K. Market Estimate and Forecast
                7.3.4.    Italy Market Estimate and Forecast
                7.3.5.    Spain Market Estimate and Forecast
                7.3.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

        8.1.    By Services
        8.2.    By Deployment Mode        
        8.3.    By Country
                8.3.1.    China Market Estimate and Forecast
                8.3.2.    Japan Market Estimate and Forecast
                8.3.3.    India Market Estimate and Forecast
                8.3.4.    South Korea Market Estimate and Forecast
                8.3.5.    Singapore Market Estimate and Forecast
                8.3.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

        9.1.    By Services
        9.2.    By Deployment Mode        
        9.5.     By Country
                9.3.1.    Brazil Market Estimate and Forecast
                9.3.2.    Saudi Arabia Market Estimate and Forecast
                9.3.3.    South Africa Market Estimate and Forecast
                9.3.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.    Amdocs
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.    Araxxe Inc.
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.    Adapt IT 
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.    Cartesian
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.    Digital Route
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.    eClerx 
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.    HPE 
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.    Itron
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments
        10.9.    Nokia
                10.9.1.    Snapshot
                10.9.2.    Overview
                10.9.3.    Offerings
                10.9.4.    Financial Insight
                10.9.5.    Recent Developments
        10.10.    Profit Insight
                10.10.1. Snapshot
                10.10.2. Overview
                10.10.3. Offerings
                10.10.4. Financial Insight
                10.10.5. Recent Developments
        10.11.    Sagacity Solutions
                10.11.1.    Snapshot
                10.11.2.    Overview
                10.11.3.    Offerings
                10.11.4.    Financial Insight
                10.11.5.    Recent Developments
        10.12.    Sandvine 
                10.12.1.    Snapshot
                10.12.2.    Overview
                10.12.3.    Offerings
                10.12.4.    Financial Insight
                10.12.5.    Recent Developments
        10.13.    Sigos 
                10.13.1.    Snapshot
                10.13.2.    Overview
                10.13.3.    Offerings
                10.13.4.    Financial Insight
                10.13.5.    Recent Developments
        10.14.    Subex
                10.14.1.    Snapshot
                10.14.2.    Overview
                10.14.3.    Offerings
                10.14.4.    Financial Insight
                10.14.5.    Recent Developments
        10.15.    Synthesis Systems
                10.15.1.    Snapshot
                10.15.2.    Overview
                10.15.3.    Offerings
                10.15.4.    Financial Insight
                10.15.5.    Recent Developments
        10.16.    TCS 
                10.16.1.    Snapshot
                10.16.2.    Overview
                10.16.3.    Offerings
                10.16.4.    Financial Insight
                10.16.5.    Recent Developments
        10.17.    Teoco
                10.17.1.    Snapshot
                10.17.2.    Overview
                10.17.3.    Offerings
                10.17.4.    Financial Insight
                10.17.5.    Recent Developments
        10.18.    Transunion
                10.18.1.    Snapshot
                10.18.2.    Overview
                10.18.3.    Offerings
                10.18.4.    Financial Insight
                10.18.5.    Recent Developments
        10.19.    WeDo
                10.19.1.    Snapshot
                10.19.2.    Overview
                10.19.3.    Offerings
                10.19.4.    Financial Insight
                10.19.5.    Recent Developments
        10.20.    Xintec
                10.20.1. Snapshot
                10.20.2. Overview
                10.20.3. Offerings
                10.20.4. Financial Insight
                10.20.5. Recent Developments

11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Sources
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global Revenue Assurance Market, By Services, 2018 - 2023 (USD Billion)
Table 5 Global Revenue Assurance Market, By Services, 2025 - 2030 (USD Billion)
Table 6 Global Revenue Assurance Market, By Deployment Mode, 2018 - 2023 (USD Billion)
Table 7 Global Revenue Assurance Market, By Deployment Mode, 2025 - 2030 (USD Billion)
Table 8 Global Revenue Assurance Market, by Region, 2018 - 2023 (USD Billion)
Table 9 Global Revenue Assurance Market, by Region, 2025 - 2030 (USD Billion)
Table 10 North America Revenue Assurance Market, By Services, 2018 - 2023 (USD Billion)
Table 11 North America Revenue Assurance Market, By Services, 2025 - 2030 (USD Billion)
Table 12 North America Revenue Assurance Market, By Deployment Mode, 2018 - 2023 (USD Billion)
Table 13 North America Revenue Assurance Market, By Deployment Mode, 2025 - 2030 (USD Billion)
Table 14 North America Revenue Assurance Market, by Region, 2018 - 2023 (USD Billion)
Table 15 North America Revenue Assurance Market, by Region, 2025 - 2030 (USD Billion)
Table 16 Europe Revenue Assurance Market, By Services, 2018 - 2023 (USD Billion)
Table 17 Europe Revenue Assurance Market, By Services, 2025 - 2030 (USD Billion)
Table 18 Europe Revenue Assurance Market, By Deployment Mode, 2018 - 2023 (USD Billion)
Table 19 Europe Revenue Assurance Market, By Deployment Mode, 2025 - 2030 (USD Billion)
Table 20 Europe Revenue Assurance Market, by Region, 2018 - 2023 (USD Billion)
Table 21 Europe Revenue Assurance Market, by Region, 2025 - 2030 (USD Billion)
Table 22 Asia-Pacific Revenue Assurance Market, By Services, 2018 - 2023 (USD Billion)
Table 23 Asia-Pacific Revenue Assurance Market, By Services, 2025 - 2030 (USD Billion)
Table 24 Asia-Pacific Revenue Assurance Market, By Deployment Mode, 2018 - 2023 (USD Billion)
Table 25 Asia-Pacific Revenue Assurance Market, By Deployment Mode, 2025 - 2030 (USD Billion)
Table 26 Asia-Pacific Revenue Assurance Market, by Region, 2018 - 2023 (USD Billion)
Table 27 Asia-Pacific Revenue Assurance Market, by Region, 2025 - 2030 (USD Billion)
Table 28 RoW Revenue Assurance Market, By Services, 2018 - 2023 (USD Billion)
Table 29 RoW Revenue Assurance Market, By Services, 2025 - 2030 (USD Billion)
Table 30 RoW Revenue Assurance Market, By Deployment Mode, 2018 - 2023 (USD Billion)
Table 31 RoW Revenue Assurance Market, By Deployment Mode, 2025 - 2030 (USD Billion)
Table 32 RoW Revenue Assurance Market, by Region, 2018 - 2023 (USD Billion)
Table 33 RoW Revenue Assurance Market, by Region, 2025 - 2030 (USD Billion)
Table 34 Snapshot – Amdocs
Table 35 Snapshot – Araxxe Inc.
Table 36 Snapshot – Adapt IT
Table 37 Snapshot – Cartesian
Table 38 Snapshot – Digital Route
Table 39 Snapshot – eClerx 
Table 40 Snapshot – HPE
Table 41 Snapshot – Itron
Table 42 Snapshot – Nokia
Table 43 Snapshot – Profit Insight
Table 44 Snapshot – Sagacity Solutions
Table 44 Snapshot – Sandvine
Table 44 Snapshot – Sigos
Table 44 Snapshot – Subex
Table 44 Snapshot – Synthesis Systems
Table 44 Snapshot – TCS
Table 44 Snapshot – Teoco
Table 44 Snapshot – Transunion
Table 44 Snapshot – WeDo
Table 44 Snapshot – Xintec

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Sources for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9 Global Revenue Assurance Market- Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global Revenue Assurance Market Highlight
Figure 12 Global Revenue Assurance Market, By Services, 2018 - 2030 (USD Billion)
Figure 13 Global Revenue Assurance Market, By Deployment Mode, 2018 - 2030 (USD Billion)
Figure 14 Global Revenue Assurance Market, by Region, 2018 - 2030 (USD Billion)
Figure 15 North America Revenue Assurance Market Highlight
Figure 16 North America Revenue Assurance Market, By Services, 2018 - 2030 (USD Billion)
Figure 17 North America Revenue Assurance Market, By Deployment Mode, 2018 - 2030 (USD Billion)
Figure 18 North America Revenue Assurance Market, by Region, 2018 - 2030 (USD Billion)
Figure 19 Europe Revenue Assurance Market Highlight
Figure 20 Europe Revenue Assurance Market, By Services, 2018 - 2030 (USD Billion)
Figure 21 Europe Revenue Assurance Market, By Deployment Mode, 2018 - 2030 (USD Billion)
Figure 22 Europe Revenue Assurance Market, by Region, 2018 - 2030 (USD Billion)
Figure 23 Asia-Pacific Revenue Assurance Market Highlight
Figure 24 Asia-Pacific Revenue Assurance Market, By Services, 2018 - 2030 (USD Billion)
Figure 25 Asia-Pacific Revenue Assurance Market, By Deployment Mode, 2018 - 2030 (USD Billion)
Figure 26 Asia-Pacific Revenue Assurance Market, by Region, 2018 - 2030 (USD Billion)
Figure 27 RoW Revenue Assurance Market
Figure 28 RoW Revenue Assurance Market, By Services, 2018 - 2030 (USD Billion)
Figure 29 RoW Revenue Assurance Market, By Deployment Mode, 2018 - 2030 (USD Billion)
Figure 30 RoW Revenue Assurance Market, by Region, 2018 - 2030 (USD Billion)