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Global Revenue Assurance Market: Overview

Revenue assurance refers to the set of activities or principles that enable organizations to accurately capture revenue for all the products sold or services provided. Instead of rectifying financing errors after they have occurred, or not identifying or correcting them at all, revenue assurance principles or tools allow companies to examine and fix present or potential revenue leakage points throughout networks and intermediate client- and customer-facing systems and correct the data before it reaches the organization’s billing systems.

Though prevention and detection of revenue leakage is the primary objective of any revenue assurance system, technologically advanced revenue assurance systems also help companies improve and automate their conventional revenue assurance detection and monitoring processes, and detect and prevent frauds and data inconsistencies.

Products and services based organizations in present times face wide-ranging challenges and struggle with numerous issues – from expanding their consumer base in saturated markets to managing the rapidly rising consumer base in developing markets. Markets with several vendors also present companies with intensely competitive environment that requires innovations and technological developments at a steady pace to gain competitive edge in the market. All these scenarios make companies more vulnerable to revenue leakage and call for the integration of effective revenue assurance tools in their overall revenue management scenario.

Global Revenue Assurance Market: Key Trends and Opportunities

The increasingly complex business environment and practices and the need to adhere to numerous revenue streams are the key driving forces for the global revenue assurance market. The report presents a detailed analysis of the impact of other major drivers, restraints, and trends in the market’s future developmental prospects.

The report analyzes the market for criteria such as crucial revenue assurance services, software products, deployment methods of revenue assurance tools, size of companies adopting revenue assurance tools, key end-use industries, and major regional markets for the global revenue assurance market.

The key end-users of revenue assurance systems include industries such as telecom, banking, finance services and insurance (BFSI), logistics, retail, and energy and utilities. The key deployment methods for revenue assurance systems include on-premise and the cloud.

Over the report’s forecast period, the availability of an increasing number of revenue assurance services on the cloud medium would lead to their increased adoption in small- and mid-sized companies worldwide.

Global Revenue Assurance Market: Region-wise Outlook

The revenue assurance market has been witnessing growing visibility and empowerment in some of the regional markets. While the market currently earns a majority of revenue from North America, the rising awareness regarding the severe impacts of revenue leakages on an organization’s overall profitability would drive the market for revenue assurance in developing regions at a significant pace over the report’s forecast period. As such, the market would witness growth at the fastest pace in Asia Pacific and be driven by the increased demand for cloud-based services from small- and mid-sized companies in the region. The flourishing telecom sector in Asia Pacific would also boost the revenue assurance market in the region over the report’s forecast period.

Global Revenue Assurance Market: Competitive Landscape

The market features a large number of solution developing companies and services providers. As such, it demonstrates intense competition and calls for constant innovations and development of technologically-advanced revenue assurance solutions. Some of the major vendors in the market are IBM, Amdocs, Tech Mahindra, Tata Consulting Services, Ericsson, Subex, Hewlett Packard, and Accenture.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Revenue Assurance Market