Revenue Assurance Market

Revenue Assurance Market: - An Overview

Revenue Assurance service is an end-to-end analysis of the revenue stream processes, which goes beyond the traditional approach, by identifying problems that are generally not revealed through the analysis of any single area of revenue generation. Revenue assurance is usually understood as a means to identify and remedy, and perhaps also to prevent, problems that result in financial under performance without seeking to generate additional sales.

New technologies and the arrival of OTT’s have meant increased competition, even in national markets, from global players with highly disruptive business models. This increasingly competitive global market where customers have more choices than ever before have stimulated operators to invest in new sophisticated technologies and products.

Impact of COVID-19 Pandemic Outbreak on Revenue Assurance Market

In the backdrop of the COVID-19 pandemic, the major players in the market are ensuring the minimal business impact of the COVID-19 situation on their customers. Telecommunication companies are focused on increasing network resiliency and looking at how COVID-19 impact their planned investment, particularly in 5G.

Telcos are also making changes to benefit customer, who during this time need networking services whereas in some countries, data is being used as a tool to track and contain the spread of the virus.

Historically, the market for revenue assurance has grown by almost 8% globally in the past 5 years. Due to the COVID-19 outbreak, overall telecom traffic for has jumped by 10% and streaming platforms have witnessed a 20% spike in viewership as most companies already have business continuity plans.

Revenue Assurance Market: - Market Dynamics

Integration with Network Elements is spurring the growth of Revenue Assurance Market

An end-to-end Revenue Assurance system plugs into various network elements, from SS7 probes all the way up to the billing system. It has an ability to interface with a variety of support systems and network elements that enable it to process usage information, track discrepancies and identify potential revenue leakages.

Moreover, Operator must thus look for Revenue Assurance systems that have an ability to build a workflow that reflects its existing procedures and also has the flexibility to confi­gure new workflows as it evolves and improves.

Demand is increasing for Automation Solutions for Revenue Assurance

Revenue assurance and fraud management departments across various telecommunications firms are continuously innovating new ways to adapt to any emerging risks that are causing revenue loss.

Furthermore, the need of a robust risk mitigation approach would involve automating the volumetric activities performed by various teams and integrating the revenue assurance and fraud management systems with intelligent automation tools, e.g. robotic process automation and cognitive analysis tools, to build a comprehensive risk management framework.

Revenue Assurance Market: - Key Players

Key players in the revenue assurance market are focusing on business acquisitions and product enhancements with the technology vendors to offer innovative payment services for sustained business growth. The major players offering revenue assurance solutions include Amdocs, TCS, Nokia, Subex, TransUnion, HPE, Itron, Cartesian, TEOCO, among others.

Revenue Assurance Market: - Segmentation

By Solution	Migration Assurance Usage Assurance Provisioning Assurance Billing and Rating Validation Roaming and Interconnect Partner Assurance
By Vertical	BFSI Government Hospitality Telecom and IT Others

Revenue Assurance Market- Report Highlights:

• A detailed overview of parent market of revenue assurance market
• Changing revenue assurance market dynamics in the industry
• In-depth segmentation of the revenue assurance market
• Historical, current, and projected revenue assurance market size by value
• Recent industry trends and developments in revenue assurance market
• Competitive landscape of the revenue assurance market
• Strategies for key players in revenue assurance and solutions and services offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on revenue assurance market performance
• Must-have information for revenue assurance market players to sustain and enhance their market footprint

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