Research Nester published a report titled “Cloud-Based Revenue Assurance Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global cloud-based revenue assurance market in terms of market segmentation by application, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global cloud-based revenue assurance market is anticipated to grow at a CAGR of ~9% over the forecast period, i.e., 2022 – 2030. The market is segmented on the basis of end-user into telecom, utilities, BFSI, healthcare and others. Out of these, the telecom segment is foreseen to hold a notable share over the forecast period owing to the increasing need for revenue assurance solutions in telecom industry, as providing communication services is the primary source of revenue for this industry. Generating revenue from communication services can be complex, which is why the use of revenue assurance is maximum in telecom industry.
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The global cloud-based revenue assurance market is estimated to grow on the back of increasing adoption of cloud computing technology, and rising demand for revenue assurance solutions. The increasing penetration of internet is estimated to boost the market growth. Over 59% of the total global population uses internet currently, which is forecasted to increase over 60% by the end of 2021. Moreover, changing working conditions, such as, work from home and increasing self-employment are estimated to boost the demand for cloud-based revenue assurance. The individuals running side businesses or earning through online platforms, are anticipated to adopt cloud-based revenue assurance in the upcoming years. These factors are expected to boost the market growth.
On the basis of geographical analysis, the global cloud-based revenue assurance market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness notable growth during the forecast period owing to the growing digitalization and technological advancement in the region. The increasing adoption of advanced technology, coupled with growing businesses in the region, are estimated to boost the market growth.
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The research was global in nature and conducted in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa). In addition, areas like Market size, Y-O-Y growth & Opportunity Analysis, market players competitive study, investment opportunities, demand for future outlook etc. have been covered and displayed in the research report to ensure it dives deep to achieve strategic competitive intelligence in the segment.
Increasing Penetration of Cloud Computing Technology to Boost the Market Growth
With the rising number of internet users across the world, the adoption of cloud computing as increased manifold. Major industries, such as, BFSI, hospitality, healthcare, and others are adoption cloud-based software and applications for various functions. Owing to the rise in adoption of cloud technology, the demand for cloud-based revenue assurance solutions is also growing. This is estimated to boost the market growth.
However, technical issues associated with cloud technology is expected to operate as key restraint to the growth of the global cloud-based revenue assurance market over the forecast period.
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This report also provides the existing competitive scenario of some of the key players of the global cloud-based revenue assurance market which includes company profiling of Tata Consulting Services, The Hewlett-Packard Company, Tech Mahindra, IBM Corporation, Microsoft Corporation, SAP SE, Oracle Corporation, Micro Strategy Incorporated, SAS Institute, Information Builders, and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global cloud-based revenue assurance market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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