Revenue Assurance Market Size

Revenue Assurance Market size is anticipated to cross USD 2 Billion by the end of 2036, growing at a CAGR of 9% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of revenue assurance was over USD 602 Million. Technological developments in revenue assurance are probably responsible for the market to grow. Although new technologies such as cloud, 4G/5G, IoT, and SDN/NFV are enabling operators to launch new services and business models, they also create new avenues for fraudulent activities to take place. For instance, between the end of 2021 and the end of 2022, the number of 5G wireless connections worldwide climbed by 76%, to a maximum of 1.05 billion. 

By utilizing revenue assurance components to identify and prioritize risk factors, businesses may create and execute efficient policies, procedures, and controls that effectively reduce revenue loss and greatly enhance financial performance. Due to the serious consequences of revenue leaks, demand for revenue assurance services and components is expected to increase during the course of the projected period, leading to market growth.