Industry Background:
In this modern era, Revenue assurance refers to the set of activities or values that exhibits organizations to accurately capture revenue for all the products sold or services provided. It has high growth prospects due to perfect care of revenue leakage and fraud leakage in order to optimize the revenue recognized from business and further comforts to disseminate on various levels. This growth can be attributed to factors such as rising planning and consulting coupled with the stable growth in the telecom industry and also the rapid developments witnessed in countries such as China, South Korea, and India. The major companies are adding more innovative techniques in Asia-Pacific countries as these countries are focused on the fastest-growing verticals for the Banking industries.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | CVidya Networks Inc. (Israel), Hewlett-Packard Co. (United States), Subex Ltd. (India), WeDo Technologies B.V. (Portugal), Advanced Technologies & Services Inc. (United States), Capana Inc. (United States), Cartesian Ltd. (United States), Comware Inc. (United States), Connectiva Systems Inc. (United States), Equinox Information Systems Inc. (United States), Martin Dawes Analytics Inc. (United States), Neural Technologies Ltd.(United Kingdom) and Teleonto Technology Pvt. Ltd. (India) |
This growth is primarily driven by Rapid Digitalization and Urbanization and Joint Ventures and Acquisition boost the Revenue Assurance Problems.
Globally, a noticeable market trend is evident Adaption of New Acess and Service Delivery Technologies The Telecom Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as CVidya Networks Inc. (Israel), Hewlett-Packard Co. (United States), Subex Ltd. (India), WeDo Technologies B.V. (Portugal), Advanced Technologies & Services Inc. (United States), Capana Inc. (United States), Cartesian Ltd. (United States), Comware Inc. (United States), Connectiva Systems Inc. (United States), Equinox Information Systems Inc. (United States), Martin Dawes Analytics Inc. (United States), Neural Technologies Ltd.(United Kingdom) and Teleonto Technology Pvt. Ltd. (India), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. In Revenue Assurance Market, it has been observed that most of the companies are upgrading or introducing innovative technologies such as ntegrated solution for all layers from data storage to runtime analytics, batch analytics and complex event processing. They rely on strategies such as mergers & acquisition, product development, geographical expansion, technological innovation and sourcing strategies to enhance their market share.
Key Developments in the Market:
In August 2019, Mobileum acquires roaming, fraud, and revenue management company WeDo Technologies. This acquisition will strengthen the company productivity, their solutions, and support for the telecommunications industry. It also beneficial for the expansion of product and solution portfolio such as analytical insights, consulting, professional and managed services.
Influencing Trend:
Adaption of New Acess and Service Delivery Technologies
Market Growth Drivers:
Rapid Digitalization and Urbanization and Joint Ventures and Acquisition boost the Revenue Assurance Problems
Challenges:
Need to Address Technological Compatible Issue and Privacy and Safety Concerns
Restraints:
Lack of Real-Time Capabilities and Shortage of Skilled Professional for Operation
Opportunities:
Rising Revenue Leakage and Upsurge due to Analytics Integration for Revenue Assurance Solutions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Revenue Assurance Market
- Analysis about New Entrants in Revenue Assurance Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Revenue Assurance Study Sheds Light on
The Revenue Assurance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Revenue Assurance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Revenue Assurance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.