Market Overview:
The global revenue assurance market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The market growth is attributed to the increasing need for revenue assurance solutions among organizations to protect their revenues from leakage and fraud. Revenue leakage, cost leakage, and margin leakage are the major types of revenue assurance solutions that are offered by vendors in the market. Banking, insurance, and other sectors are the major application areas of revenue assurance solutions. North America is expected to hold the largest share of the global revenue assurance market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Revenue assurance is the process of systematically identifying and managing risks to an organization's revenue. Revenue assurance helps organizations ensure that they are correctly recording and collecting revenue, as well as detecting and preventing revenue leakage. Revenue assurance is important because it helps organizations protect their top line, ensuring that they can continue to operate and grow their businesses.
Revenue Leakage:
Revenue leakage occurs when a company’s revenues are being diverted to another organization or company. It can be defined as the revenue that is earned by the unauthorized person or enterprise through improper means. Revenue leakage can take place in various business sectors such as manufacturing, telecom services, construction and engineering, IT and telecommunication services among others.
Cost Leakage:
Cost leakage is the situation where a product or service that was supposed to be provided as an internal cost-saving measure ends up costing more than the original estimate. Cost leakage can occur in several areas of an organization including procurement, production, engineering and design, distribution channels, and maintenance & repair.
Application Insights:
The others segment includes public sector, retail & consumer goods, manufacturing and transportation sectors. Other application segments include revenue leakage in banking and insurance sectors. In the banking sector, it is used to ensure that a certain percentage of revenue remains with the bank after taking into consideration interest payments on loans and other financial products. The concept is similar in nature for both banks and non-banks; however, there are some differences between them regarding implementation of the concept globally as well as across different geographies.
Regional Analysis:
Asia Pacific revenue assurance market is expected to grow at the highest CAGR over the forecast period. The growth can be attributed to increasing regulatory pressure and customer complaints in emerging economies, such as India and China. For instance, in September 2017, ICICI Bank Ltd., one of India's largest private sector banks suffered a cyber heist wherein hackers stole data related to about 1.15 million debit cardholders including name, address and account number between April 2014 and March 2015.
North America is also estimated to witness significant growth over the next eight years owing high awareness levels amongst users regarding risks involved with unsecure systems & applications (UASA). Moreover North America has strict regulations for protecting user information from being stolen or misused by third parties thereby driving regional demand for revenue assurance programs over the forecast period.
Growth Factors:
- Increasing demand for revenue assurance solutions from telecom service providers to manage and protect their revenue streams
- The increasing adoption of cloud-based services and the need for visibility into cloud spend and usage by enterprises
- The growing complexity of billing systems and networks, which is driving the need for automated Revenue Assurance solutions
- The increasing number of mergers, acquisitions, and divestitures in the telecommunications industry, which is leading to a greater demand for Revenue Assurance solutions
- The growing importance of compliance with government regulations governing revenue reporting
Scope Of The Report
Report Attributes
Report Details
Report Title
Revenue Assurance Market Research Report
By Type
Revenue Leakage, Cost Leakage, Margin Leakage
By Application
Banking, Insurance, Others
By Companies
CVidya Networks Inc., Hewlett-Packard Co., Subex Ltd., WeDo Technologies B.V., Advanced Technologies & Services Inc., Capana Inc., Cartesian Ltd., Comware Inc., Connectiva Systems Inc., Equinox Information Systems Inc., Martin Dawes Analytics Inc., Neural Technologies Ltd., Teleonto Technology Pvt. Ltd., Teoco Corp., Xintec Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Revenue Assurance Market Report Segments:
The global Revenue Assurance market is segmented on the basis of:
Types
Revenue Leakage, Cost Leakage, Margin Leakage
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Banking, Insurance, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CVidya Networks Inc.
- Hewlett-Packard Co.
- Subex Ltd.
- WeDo Technologies B.V.
- Advanced Technologies & Services Inc.
- Capana Inc.
- Cartesian Ltd.
- Comware Inc.
- Connectiva Systems Inc.
- Equinox Information Systems Inc.
- Martin Dawes Analytics Inc.
- Neural Technologies Ltd.
- Teleonto Technology Pvt. Ltd.
- Teoco Corp., Xintec Inc.
Highlights of The Revenue Assurance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Revenue Leakage
- Cost Leakage
- Margin Leakage
- By Application:
- Banking
- Insurance
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Revenue Assurance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Revenue assurance is a process that helps ensure the accuracy and completeness of financial reporting. Revenue assurance includes verifying the accuracy of revenue data, ensuring that transactions are properly recorded, and investigating potential errors.
Some of the key players operating in the revenue assurance market are CVidya Networks Inc., Hewlett-Packard Co., Subex Ltd., WeDo Technologies B.V., Advanced Technologies & Services Inc., Capana Inc., Cartesian Ltd., Comware Inc., Connectiva Systems Inc., Equinox Information Systems Inc., Martin Dawes Analytics Inc., Neural Technologies Ltd., Teleonto Technology Pvt. Ltd., Teoco Corp., Xintec Inc..
The revenue assurance market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Revenue Assurance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Revenue Assurance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Revenue Assurance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Revenue Assurance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Revenue Assurance Market Size & Forecast, 2020-2028
4.5.1 Revenue Assurance Market Size and Y-o-Y Growth
4.5.2 Revenue Assurance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Revenue Leakage
5.2.2 Cost Leakage
5.2.3 Margin Leakage
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Banking
6.2.2 Insurance
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Revenue Assurance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Revenue Assurance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Revenue Leakage
9.6.2 Cost Leakage
9.6.3 Margin Leakage
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Banking
9.10.2 Insurance
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Revenue Leakage
10.6.2 Cost Leakage
10.6.3 Margin Leakage
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Banking
10.10.2 Insurance
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Revenue Leakage
11.6.2 Cost Leakage
11.6.3 Margin Leakage
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Banking
11.10.2 Insurance
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Revenue Leakage
12.6.2 Cost Leakage
12.6.3 Margin Leakage
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Banking
12.10.2 Insurance
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Revenue Leakage
13.6.2 Cost Leakage
13.6.3 Margin Leakage
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Banking
13.10.2 Insurance
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Revenue Assurance Market: Competitive Dashboard
14.2 Global Revenue Assurance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CVidya Networks Inc.
14.3.2 Hewlett-Packard Co.
14.3.3 Subex Ltd.
14.3.4 WeDo Technologies B.V.
14.3.5 Advanced Technologies & Services Inc.
14.3.6 Capana Inc.
14.3.7 Cartesian Ltd.
14.3.8 Comware Inc.
14.3.9 Connectiva Systems Inc.
14.3.10 Equinox Information Systems Inc.
14.3.11 Martin Dawes Analytics Inc.
14.3.12 Neural Technologies Ltd.
14.3.13 Teleonto Technology Pvt. Ltd.
14.3.14 Teoco Corp., Xintec Inc.
