The global revenue assurance market is poised to experience significant growth, with a projected size of USD 12.14 billion in 2030, at a Compound Annual Growth Rate (CAGR) of 11.5% from 2024 to 2030. This upward trajectory is driven by the increasing need for operators to protect their revenue margins in the face of evolving business complexities and technological advancements.
Key Drivers of Revenue Assurance Market Growth
- Increasing complexity of networks and services
- Rising usage of technology by fraudsters
- Need for operators to safeguard their infrastructure from fraud and revenue assurance threats
The telecommunications industry has undergone a profound transformation, driven by the need for tailored services and applications that can be easily delivered to end-users. The adoption of artificial intelligence (AI) capabilities, 5G networks, and IoT has led to significant changes in existing telecommunications networks and service infrastructure. The introduction of new and converged services across heterogeneous access networks is expected to have a profound impact on the industry, with operators facing significant challenges in safeguarding their unique and evolving infrastructure from fraud and revenue assurance threats.
Revenue Assurance: A Crucial Component of Operator Margins
Revenue assurance is a critical component of operator margins, focusing on detecting leakage of revenues, correcting or fixing issues, and ensuring that changes are made to prevent recurring problems. It is essential for operators to assess the complete lifecycle of capturing and identifying data leakages and recovering them to prevent revenue loss and establish a building block for fee or income transparency.
| Revenue Streams | Process |
| Voice Calling | Call Routing across multiple networks |
| Network Services | Poor or inadequate call quality compromises the customer experience and revenue is often delayed |
The need for operators to protect their revenue margins has led to the development of revenue assurance solutions and services. These solutions aim to detect and prevent revenue leakage, and to establish a building block for fee or income transparency. The growing business complexities and the rising usage of technology by fraudsters are expected to catapult the demand for revenue assurance solutions and services over the forecast period.
Market Drivers and Restraints
The revenue assurance market is driven by the increasing complexity of networks and services, rising usage of technology by fraudsters, and the need for operators to safeguard their infrastructure from fraud and revenue assurance threats. The market is also expected to be influenced by the growing business complexities and the adoption of new technologies.
- Market Drivers:
- Increasing complexity of networks and services
- Rising usage of technology by fraudsters
- Need for operators to safeguard their infrastructure from fraud and revenue assurance threats
- Adoption of new technologies
- Market Restraints:
- Limited awareness and understanding of revenue assurance concepts
- High costs associated with implementing revenue assurance solutions and services
The revenue assurance market is expected to be dominated by the software segment, with a revenue share of 62.3% in 2023. The cloud segment is also expected to experience significant growth, with the largest revenue share in 2023. The telecom segment is expected to hold the largest share in 2023 and is expected to experience significant growth.
Key Players in the Revenue Assurance Market
- Accenture
- Amdocs
- Araxxe
- Hewlett Packard Enterprise Development LP
- IBM
- SUBEX
- TATA Consultancy Services Limited
- Tech Mahindra Limited
- TEOCO
- Mobileum
Conclusion
The global revenue assurance market is poised for significant growth, driven by the increasing need for operators to protect their revenue margins in the face of evolving business complexities and technological advancements. The market is expected to experience significant growth, with a projected size of USD 12.14 billion in 2030. The revenue assurance market is expected to be dominated by the software segment, with the cloud segment experiencing significant growth. The key players in the revenue assurance market include Accenture, Amdocs, Araxxe, Hewlett Packard Enterprise Development LP, IBM, SUBEX, TATA Consultancy Services Limited, Tech Mahindra Limited, TEOCO, and Mobileum. Overall, the revenue assurance market is expected to experience significant growth, driven by the increasing need for operators to protect their revenue margins in the face of evolving business complexities and technological advancements.
