Revenue Assurance Market Analysis

Component (Solutions, Services)

Revenue assurance market from the solutions segment is anticipated to hold a share of 52% during the projected period. Tools for revenue assurance support a range of revenue assurance strategies, including revenue recovery, risk management, and fraud control. Moreover, these choices support businesses in upholding regulatory compliance and improving revenue management. Revenue assurance solutions support the identification of irregularities and the execution of corrective actions to halt revenue loss in the telecommunications sector. In the banking & financial services sectors, revenue assurance solutions aid in the identification and avoidance of fraudulent activity. For instance, in 2022, fraud accounted for over USD 1.31 billion in thefts, an eight percent decrease over 2021. There were nearly three million fewer fraud cases in the UK, a four percent decrease.  In the healthcare industry, these technologies help ensure proper invoicing and prevent revenue loss due to errors.

End-user (Telecom, Utilities, BFSI, Healthcare)

The telecom segment in the revenue assurance market is anticipated to grow largely with a share of 44% by the end of 2037. The major factor that is driving the market growth in the telecom industry is the growing prevalence of telecom fraud. Telecom providers face significant income loss due to several issues such as network problems, billing errors, and fraud. As per a report, in 2021 together, the five fraud types that were recorded explained 54% of all fraud losses. These included traffic pumping, arbitrage, voice connection bypass, international revenue share fraud, and theft of stolen products. Revenue assurance solutions assist operators in determining the fundamental causes of revenue leakage and taking corrective action to avoid further losses. These are predicted to be the major factors driving the revenue assurance market during the forecast period.

Our in-depth analysis of the global market includes the following segments: