Revenue Assurance Market
Revenue Assurance Market expected to gain $782 million
09-14-2021 07:09 PM CET | IT, New Media & Software
Press release from: MarketsandMarkets™
According to a new market research report "Revenue Assurance Market by Component (Software and Services),
End-User (TSPs, and Enterprises), Deployment Mode (Cloud and On-premises), Vertical (Telecom, Utilities, BFSI,
Hospitality, and Others), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the revenue
assurance market size projected to grow from USD 512 million in 2020 to USD 782 million by 2025, at a Compound
Annual Growth Rate (CAGR) of 8.9% during the forecast period. The major factors driving the growth of the revenue
assurance market include the rise of the subscription economy, rising number of mobile and internet users,
adoption of advanced technologies such as RPA, Big Data, AI, and IoT.
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The services segment to record a larger market size during the
Revenue Assurance services are estimated to hold a larger market share during the forecast period in the revenue
assurance market. Services portfolio includes planning and consulting, implementation and customization,
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support and maintenance, and managed services. These services enhance the revenue assurance portfolio of the
services providers by offering customers with value creation, operational flexibility, and competitive advantage.
Companies that lack in-house capabilities for revenue assurance of an organization outsource the functionality
from expert Managed Service Providers (MSPs). With the growing demand for revenue assurance solutions, the
services portfolio is expected to increase due to the market’s dependency on human-interactio