Cloud-Based Revenue Assurance Market

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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Report ID: 3493 | Published On: Apr 07, 2022

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Inflation and Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.


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

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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. 


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

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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


Cloud-Based Revenue Assurance Market
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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


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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

Key Questions Answered in the Report

1) What are the major factors driving the growth of the cloud-based revenue assurance market?

Ans: The growing adoption of cloud-based software, and need for revenue assurance solutions to boost the market growth.

2) What would be the CAGR of cloud-based revenue assurance market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~9% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the cloud-based revenue assurance market growth?

Ans: Technical issues associated with cloud computing are estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of cloud-based revenue assurance market in future?

Ans: The market in the Asia Pacific region is estimated to witness highest growth during the forecast period owing to the growing digitalization and technological advancement in the region.

5) Who are the major players dominating the cloud-based revenue assurance market?

Ans: The major players in the market are Tech Mahindra, IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, MicroStrategy Incorporated, SAS Institute, Information Builders, and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the cloud-based revenue assurance market?

Ans: The market is segmented by end-user, application, and by region.

8) Which segment captures the largest market size in end-user segment in the cloud-based revenue assurance market?

Ans: The telecom segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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