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Cloud-Based Revenue Assurance Market Segmentation by Application (Technology Service Providers, Enterprises, and Others); and by End-User (Telecom, Utilities, BFSI, Healthcare, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Cloud-Based Revenue Assurance Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·   July 01, 2021: Hewlett Packard Enterprise announced the acquisition of Zerto, a leader in cloud data management, to expand its portfolio in cloud computing technology. 

Global Cloud-Based Revenue Assurance Market Highlights over 2022 – 2030

The global cloud-based revenue assurance market is estimated to grow at a CAGR of ~9% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing demand for revenue assurance solutions, combined with the growing adoption of cloud computing technology. The increasing demand for revenue assurance systems amongst end-users, especially communication service providers, and management service provider, is estimated to significantly fuel the market growth. Moreover, growing penetration of internet and installation of cloud servers are estimated to boost the growth the market. According to the World Bank Statistics, 48.997% of the global population used internet in 2018; which grew to over 59% in 2020 and is estimated to cross 60% by the end of 2021. Moreover, growing technological research and innovation, and upgrades in cloud technology are estimated to further boost the market growth.

Cloud-Based Revenue Assurance Market

The market is segmented by end-user into telecom, utilities, BFSI, healthcare and others, out of which, the telecom segment is anticipated to hold the notable share in the market over the forecast period on account of high requirement of revenue assurance solutions. Telecom industry primarily provides communication service, which requires revenue assurance. Moreover, increasing adoption of cloud computing in every industry vertical, including telecom is estimated to boost the segment growth.  CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Research Expenditure

The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.

Global Cloud-Based Revenue Assurance Market Regional Synopsis

On the basis of geographical analysis, the global cloud-based revenue assurance market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness modest growth over the forecast period on the back of increasing investment in technological development in the countries, such as, India, and China. Moreover, emergence of new enterprises, and up-surge in the service sector is estimated to boost the market growth.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the higher adoption of advanced technologies, and rising BYOP trend in workplaces in countries, such as, Canada, and the United States. Moreover, more people are starting their own businesses, and are working from home. This is estimated to fuel the regional market growth.

Cloud-Based Revenue Assurance Market

The global cloud-based revenue assurance market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global cloud-based revenue assurance market includes the following segments:

By Application

  • Technology Service Providers
  • Enterprises
  • Others

By End-User

  • Telecom
  • Utilities
  • BFSI
  • Healthcare
  • Others

Growth Drivers

  • Increasing Adoption of Cloud Computing Technology
  • Rising Demand for Revenue Assurance Solutions

Challenges

  • Technical Issues with Cloud Technology

Top Featured Companies Dominating the Market

  • Tata Consulting Services
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • The Hewlett-Packard Company
  • Tech Mahindra
  • IBM Corporation
  • Microsoft Corporation
  • SAP SE
  • Oracle Corporation
  • MicroStrategy Incorporated
  • SAS Institute
  • Information Builders

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