According to a new report Global Revenue Assurance Market, published by KBV research, The Global Revenue Assurance Market size is expected to reach $7.7 billion by 2026, rising at a market growth of 14.4% CAGR during the forecast period.
Based on the deployment model, the cloud segment is projected to expand at a higher CAGR over the forecast period. The growing adoption of revenue assurance solutions by small and medium-sized enterprises is leading to a substantial increase in the cloud-based deployment of revenue assurance solutions.
The telecommunications industry accounted for the largest market share in the global revenue assurance market and is expected to remain dominant in the forecast period. The revenue assurance function is central to today’s telecommunications industry. The key goal of revenue assurance is to secure telecommunications earnings by detecting revenue losses, finding the root causes of such losses, and eventually proposing corrective measures. The BFSI market is poised to grow at a CAGR of 13.5% during (2020 – 2026). Additionally, The Healthcare market is expected to witness CAGR of 15.2% during (2020 – 2026).
The regional segment of the market witnessed a rapid growth of the North America and is likely to grow at the highest rate over the years to come. The growth of this area is mainly attributed to the growing number of subscribers to telecommunications and smart devices. The Europe market is experiencing a CAGR of 13.6% during (2020 – 2026). Additionally, The Asia Pacific market would showcase prominent CAGR of 16.3% during (2020 – 2026).
Structural Insights: https://www.kbvresearch.com/revenue-assurance-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Accenture PLC, Hewlett Packard Enterprise Company, IBM Corporation, Tata Consultancy Services Ltd., Tech Mahindra Limited, Nokia Corporation, Itron, Inc., Subex Limited, Amdocs Limited, and Araxxe SAS.
Global Revenue Assurance Market Segmentation
By Deployment Type
• Healthcare & Social Assistance
• Energy & Utilities
• Rest of North America
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• Saudi Arabia
• South Africa
• Rest of LAMEA
• Accenture PLC
• Hewlett Packard Enterprise Company
• IBM Corporation
• Tata Consultancy Services Ltd.
• Tech Mahindra Limited
• Nokia Corporation
• Itron, Inc.
• Subex Limited
• Amdocs Limited
• Araxxe SAS