At 10.5% CAGR, Europe Revenue Assurance Market is Projected to be worth US$ 3,434.90 million by 2030, says Business Market Insights

According to Business Market Insights' research, the Europe Revenue Assurance Market was valued at US$ 1,541.74 million in 2022 and is expected to reach US$ 3,434.90 million by 2030, registering a CAGR of 10.5% from 2022 to 2030. Favorable business environment and rise in internet penetration are among the critical factors attributed to drive the Europe revenue assurance market growth.

The revenue assurance market is experiencing significant growth, driven by factors such as favorable business environments and the provision of solid customer support. These factors contribute to developing and expanding revenue assurance solutions that help businesses optimize revenue streams, mitigate risks, and enhance operational efficiency. The emergence of favorable business environments is characterized by progressive regulatory frameworks, government support, and growing investor confidence. These factors have fostered a conducive atmosphere for businesses to flourish and expand their operations.

A favorable business environment encourages companies to invest in revenue assurance solutions to safeguard revenue streams, prevent financial leakages, and maintain compliance with regulatory requirements. Additionally, the availability of advanced technologies and infrastructure facilitates the implementation of revenue assurance measures, further boosting market growth. According to the International Monetary Fund, global economic growth is projected to stay at 3.1% in 2024 and rise to 3.2% in 2025. The growth is driven by comprehensive pro-business reforms and the adoption of advanced technologies, which positively impact the adoption of business-friendly initiatives such as revenue assurance solutions.

On the flip side, lack of awareness and understanding of revenue assurance hampers the growth of Europe revenue assurance market.

Based on component, the Europe revenue assurance market is bifurcated into solution and services. The solution segment held 77.7% market share in 2022, amassing US$ 1,197.39 million. It is projected to garner US$ 2,698.02 million by 2030 to register 10.7% CAGR during 2022-2030.

In terms of deployment, the Europe revenue assurance market is bifurcated into on-premises and cloud-based. The cloud-based segment held 74.6% share of Europe revenue assurance market in 2022, amassing US$ 1,149.54 million. It is anticipated to garner US$ 2,707.87 million by 2030 to expand at 11.3% CAGR during 2022-2030.

In terms of organization size, the Europe revenue assurance market is bifurcated into SMEs and large enterprises. The large enterprises segment held 71.5% share of Europe revenue assurance market in 2022, amassing US$ 1,102.91 million. It is anticipated to garner US$ 2,541.46 million by 2030 to expand at 11.0% CAGR during 2022-2030.

Based on vertical, the Europe revenue assurance market is segmented into BFSI, hospitality, telecom, utilities, and others. The telecom segment held 32.4% market share in 2022, amassing US$ 498.76 million. It is projected to garner US$ 1,174.81 million by 2030 to register 11.3% CAGR during 2022-2030.

Based on country, the Europe revenue assurance market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that the UK captured 26.2% share of Europe revenue assurance market in 2022. It was assessed at US$ 404.09 million in 2022 and is likely to hit US$ 791.30 million by 2030, registering a CAGR of 8.8% during 2022-2030.

Key players operating in the Europe revenue assurance market are Cartesian Inc, Nokia Corp, Tata Consultancy Services Ltd, Amdocs, Subex Ltd, LATRO Services Inc, Araxxe SAS, Panamax Inc, and Adapt IT Holdings Proprietary Ltd., among others.

• In January 2020, Subex has extended its agreement with Jawwal, a Palestine-based MNO, to provide its ROC RA platform for the next five years. The collaboration entails adopting the ROC revenue assurance platform, which will allow Jawwal to cover its recently released digital services while also improving revenue streams and reducing risks.
  
  

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