Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Revenue Assurance Market size was valued at USD 656.37 million in 2024 and is set to cross USD 1.94 billion by the end of 2037, registering more than 8.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of revenue assurance is estimated at USD 702.05 million.
Technological developments in revenue assurance are probably responsible for the market to grow. Although new technologies such as cloud, 4G/5G, IoT, and SDN/NFV are enabling operators to launch new services and business models, they also create new avenues for fraudulent activities to take place. For instance, between the end of 2021 and the end of 2022, the number of 5G wireless connections worldwide climbed by 76%, to a maximum of 1.05 billion.
By utilizing revenue assurance components to identify and prioritize risk factors, businesses may create and execute efficient policies, procedures, and controls that effectively reduce revenue loss and greatly enhance financial performance. Due to the serious consequences of revenue leaks, demand for revenue assurance services and components is expected to increase during the course of the projected period, leading to market growth.
Revenue Assurance Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Advanced Technologies - The need for network elements is growing at an exponential rate due to the introduction of more sophisticated technologies, a lag in reconciliations, and inadequate team coordination. Even in domestic markets, the emergence of over-the-top (OTT) services and the advent of new technologies have increased competition from firms with highly disruptive business models. Because of the intense competition in the industry, consumers have a wide range of possibilities. It has motivated operators to take advantage of cutting-edge goods and innovations. The need for billing, OSS, and BSS systems has increased as a result of these new services, tiered and bundled product plans, and flat fees. For instance, 96.3% of the top 1 million websites worldwide run Linux, an open-source program.
- Growing Demand for Revenue Assurance Solutions - The market growth is driven by the rising demand for revenue assurance solutions such as planning, consulting, implementing & customizing, support & maintenance, and management services in order to expand a service provider's portfolio of revenue assurance offerings that offer customers access to value creation, operational flexibility, and competition advantages. As a result, it is estimated that the services portfolio will continue to expand due to market reliance on human intervention for growth and development.
- Growing Use in Telecom Industry - Revenue assurance is a service that telecom companies give to help them collect money for services they deliver but are unable to charge for because of inefficient back-office procedures including accounting, regulatory compliance, and record keeping. Revenue assurance is a more attractive way for carriers to increase earnings than finding new clients or entering new markets because of its low expenses and speedy payback. Since cost and revenue leaks are occurring across the operator's operations, it is critical to concentrate on identifying the root cause of revenue leaks, gauging their magnitude, and taking a comprehensive approach to solving them. Therefore, this factor is anticipated to escalate the market growth.
Challenges
- Lack of Organizational Empowerment - End-user businesses frequently fail to empower their waste and resources to invest more in revenue-leakage services and solutions, which is expected to impede demand in the coming years. Furthermore, the lack of focus on change frequently results in extreme situations that have an impact on finances, such as unexpected income leaks that affect billing because of changes made to the website, particularly if risk management activity is lacking or non-existent. This is also anticipated to pose an impediment to market expansion.
- Lack of Skilled Labour may Hamper the Market Growth
- Increase in the reliance of market development on human-led services
Revenue Assurance Market: Key Insights
| Report Attribute | Details |
|---|---|
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
8.7% |
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Base Year Market Size (2024) |
USD 656.37 million |
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Forecast Year Market Size (2037) |
USD 1.94 billion |
|
Regional Scope |
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Revenue Assurance Segmentation
Component (Solutions, Services)
Revenue assurance market from the solutions segment is anticipated to hold a share of 52% during the projected period. Tools for revenue assurance support a range of revenue assurance strategies, including revenue recovery, risk management, and fraud control. Moreover, these choices support businesses in upholding regulatory compliance and improving revenue management. Revenue assurance solutions support the identification of irregularities and the execution of corrective actions to halt revenue loss in the telecommunications sector. In the banking & financial services sectors, revenue assurance solutions aid in the identification and avoidance of fraudulent activity. For instance, in 2022, fraud accounted for over USD 1.31 billion in thefts, an eight percent decrease over 2021. There were nearly three million fewer fraud cases in the UK, a four percent decrease. In the healthcare industry, these technologies help ensure proper invoicing and prevent revenue loss due to errors.
End-user (Telecom, Utilities, BFSI, Healthcare)
The telecom segment in the revenue assurance market is anticipated to grow largely with a share of 44% by the end of 2037. The major factor that is driving the market growth in the telecom industry is the growing prevalence of telecom fraud. Telecom providers face significant income loss due to several issues such as network problems, billing errors, and fraud. As per a report, in 2021 together, the five fraud types that were recorded explained 54% of all fraud losses. These included traffic pumping, arbitrage, voice connection bypass, international revenue share fraud, and theft of stolen products. Revenue assurance solutions assist operators in determining the fundamental causes of revenue leakage and taking corrective action to avoid further losses. These are predicted to be the major factors driving the revenue assurance market during the forecast period.
Our in-depth analysis of the global market includes the following segments:
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Components |
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Application |
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End-user |
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Vishnu Nair
Head - Global Business DevelopmentCustomize this report to your requirements — connect with our consultant for personalized insights and options.
Revenue Assurance Industry - Regional Synopsis
North America Market Forecast
North American Revenue Assurance Market is anticipated to hold a share of 34% during the forecast period. Due to the growing demand for greater operational efficiency in both large & small businesses, as well as the growing popularity of cloud computing, North America is expected to see significant development. Also, the region is expecting growth in the market because of its advanced telecom and IT infrastructure as well as its high degree of digital maturity. In North America, there are a lot of creative telecom companies that are always bringing new services to the market. Industry revenue was projected to reach USD 589.9 billion in 2022. The need for revenue assurance solutions that can lessen revenue leaks is being driven by this. Also, respectable competitors like TEOCO, Subex, and Hewlett Packard Enterprise control a large portion of the revenue assurance industry in North America.
APAC Market Statistics
revenue assurance market in Asia Pacific is anticipated to hold the second-largest share of 28% during the forecast period. The growing demand for cloud- based services from small and mid-sized companies in the region. Also, the growing telecom sector in the region would accelerate the market. The region's notable increase in investments in emerging technologies, like 5G and network virtualization, is propelling the market's expansion.
Companies Dominating the Revenue Assurance Landscape
- InfoVista Ltd
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Amdocs Ltd.
- Hewlett Packard Enterprise
- Coupa Inc.
- Mobileum Inc.
Recent Developments
- Amdocs, a top supplier of services & software to media & communications firms, said that it has successfully acquired TEOCO's service assurance division. Through this acquisition, Amdocs will be able to offer service providers a distinctive end-to-end service orchestration solution, guaranteeing service quality and allowing for the monetization of dynamic, next-generation customer experiences.
- Hewlett Packard Enterprise has unveiled a new 5G software solution that expands on the company's current 5G offering by bringing fully integrated automated management. With a zero-touch, closed-loop system, HPE 5G Automated Assurance and a new 5G capability for HPE Service Director combine to simplify 5G network management and lower deployment risks.
- Report ID: 3493
- Published Date: Oct 09, 2024
- Report Format: PDF, PPT
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