North America Revenue Assurance Market Forecast to 2030 - Regional Analysis - by Component (Solution and Services), Deployment (On-Premise and Cloud-Based), Organization Size (SMEs and Large Enterprises), and Vertical (BFSI, Hospitality, Telecom, Utilities, and Others)

BMIRE00030522 | Pages: 90 | Technology, Media and Telecommunications | Jul 2024 | Type: Regional | Status: Published

The North America revenue assurance market was valued at US$ 1,921.91 million in 2022 and is expected to reach US$ 4,682.84 million by 2030; it is estimated to record a CAGR of 11.8% from 2022 to 2030.

Favorable Business Environment Fuels North America Revenue Assurance Market

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.

North America Revenue Assurance Market Overview

The North America revenue management market is segmented into the US, Canada, and Mexico. The revenue assurance market is experiencing consistent and promising growth in North America, driven by the increasing internet penetration. With more people accessing the internet, providers are offering a wider range of complex services-think streaming, cloud storage, bundled packages, and advanced mobile data plans. This complexity creates more opportunities for errors and revenue leakage, making robust revenue assurance solutions crucial. The US is highly investing in internet access. For instance, in June 2023, the White House announced that it would split US$ 42 billion among the nation's 50 states and territories to make access to high-speed broadband universal by 2030.

The growing digital transactions also drive the revenue assurance market. For instance, in February 2024, Visa, one of the global leaders in digital payments, announced extended digital wallet capabilities within Visa Commercial Pay, a suite of B2B payment solutions built in partnership with Conferma Pay, the world's foremost provider of virtual payments technology, to revolutionize how businesses manage transactions globally. In addition, in 2023, Bank of America clients connected with their finances more than 23.4 billion times through a combination of digital logins and proactive alerts-an 11% increase year over year and record. Clients received more than 10.6 billion proactive digital alerts in 2023-an increase of 12% year-over-year-giving them real-time insight into their financial lives. The Bank of America now has 57 million verified digital users, among which more than 35 million have opted to receive these alerts. Thus, increased internet use leads to more digital transactions, such as online payments, subscriptions, and micro-transactions. Each transaction carries the risk of errors and fraud, highlighting the need for efficient revenue assurance systems to identify and recover lost revenue. Therefore, the rise of internet penetration creates a dynamic and complex environment for businesses in North America. Revenue assurance solutions play a critical role in helping these businesses navigate this complexity, optimize their revenue, and stay competitive in the market.

North America Revenue Assurance Market Revenue and Forecast to 2030 (US$ Million)

North America Revenue Assurance Market Revenue and Forecast to 2030 (US$ Million)

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North America Revenue Assurance Market Segmentation 

The North America revenue assurance market is categorized into components, deployment, organization size, vertical, and country.

Based on component, the North America revenue assurance market is bifurcated into solution and services. The solution segment held a larger market share in 2022.

In terms of deployment, the North America revenue assurance market is bifurcated into on-premises and cloud-based. The cloud-based segment held a larger market share in 2022.

By organization size, the North America revenue assurance market is bifurcated into SMEs and large enterprises. The large enterprises segment held a larger market share in 2022.

Based on vertical, the North America revenue assurance market is categorized into BFSI, hospitality, telecom, utilities, and others. The telecom segment held a larger market share in 2022.

By country, the North America revenue assurance market is segmented into the US, Canada, and Mexico. The US dominated the North America revenue assurance market share in 2022.

Cartesian Inc, Nokia Corp, Tata Consultancy Services Ltd, Amdocs, Subex, Araxxe SAS, LATRO Services Inc, Panamax Inc, and Adapt IT Holding Proprietary Ltd are some of the leading companies operating in the North America revenue assurance market.

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. Revenue Assurance Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 Solution Providers:

4.3.2 Service Providers

4.3.3 End Users:

4.3.4 List of Vendors in the Value Chain

5. North America Revenue Assurance Market - Key Market Dynamics

5.1 Drivers

5.1.1 Rise in Internet Penetration

5.1.2 Favorable Business Environment

5.2 Restraints

5.2.1 Lack of Awareness and Understanding of Revenue Assurance

5.2.2 Organizational Management Issues

5.3 Opportunity

5.3.1 Rapid Evolution of Digital Technologies

5.4 Future Trends

5.4.1 Growing Importance of Revenue Assurance in Non-Telecom Sectors

5.5 Impact of Drivers and Restraints:

6. Revenue Assurance Market - North America Market Analysis

6.1 Revenue Assurance Market Revenue (US$ Million), 2020-2030

6.2 Revenue Assurance Market Forecast Analysis

7. North America Revenue Assurance Market Analysis - by Component

7.1 Solution

7.1.1 Overview

7.1.2 Solution: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

7.2 Services

7.2.1 Overview

7.2.2 Services: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

8. North America Revenue Assurance Market Analysis - by Deployment

8.1 On-premise

8.1.1 Overview

8.1.2 On-premise: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

8.2 Cloud-based

8.2.1 Overview

8.2.2 Cloud-based: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

9. North America Revenue Assurance Market Analysis - by Organization Size

9.1 SMEs

9.1.1 Overview

9.1.2 SMEs: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

9.2 Large Enterprises

9.2.1 Overview

9.2.2 Large Enterprises: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

10. North America Revenue Assurance Market Analysis - by Vertical

10.1 BFSI

10.1.1 Overview

10.1.2 BFSI: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

10.2 Hospitality

10.2.1 Overview

10.2.2 Hospitality: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

10.3 Telecom

10.3.1 Overview

10.3.2 Telecom: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

10.4 Utilities

10.4.1 Overview

10.4.2 Utilities: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

10.5 Others

10.5.1 Overview

10.5.2 Others: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

11. North America Revenue Assurance Market - Country Analysis

11.1 North America Revenue Assurance Market Overview

11.1.1 North America: Revenue Assurance Market - Revenue and Forecast Analysis - by Country

11.1.1.1 North America: Revenue Assurance Market - Revenue and Forecast Analysis - by Country

11.1.1.2 United States: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.2.1 United States: Revenue Assurance Market Breakdown, by Component

11.1.1.2.2 United States: Revenue Assurance Market Breakdown, by Deployment

11.1.1.2.3 United States: Revenue Assurance Market Breakdown, by Organization Size

11.1.1.2.4 United States: Revenue Assurance Market Breakdown, by Vertical

11.1.1.3 Canada: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.3.1 Canada: Revenue Assurance Market Breakdown, by Component

11.1.1.3.2 Canada: Revenue Assurance Market Breakdown, by Deployment

11.1.1.3.3 Canada: Revenue Assurance Market Breakdown, by Organization Size

11.1.1.3.4 Canada: Revenue Assurance Market Breakdown, by Vertical

11.1.1.4 Mexico: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

11.1.1.4.1 Mexico: Revenue Assurance Market Breakdown, by Component

11.1.1.4.2 Mexico: Revenue Assurance Market Breakdown, by Deployment

11.1.1.4.3 Mexico: Revenue Assurance Market Breakdown, by Organization Size

11.1.1.4.4 Mexico: Revenue Assurance Market Breakdown, by Vertical

12. Competitive Landscape

12.1 Heat Map Analysis by Key Players

12.2 Company Positioning & Concentration

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 Mergers & Acquisitions

14. Company Profiles

14.1 Cartesian, Inc

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Nokia Corp

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Tata Consultancy Services Ltd

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Amdocs Ltd

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Subex Ltd

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 LATRO Services Inc

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 Araxxe SAS

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Panamax Inc

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Adapt IT Holdings Proprietary Ltd

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

List of Tables

Table 1. Revenue Assurance Market Segmentation

Table 2. List of Vendors

Table 3. Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Table 4. Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component

Table 5. Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment

Table 6. Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size

Table 7. Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical

Table 8. North America: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Country

Table 9. United States: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Component

Table 10. United States: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Deployment

Table 11. United States: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Organization Size

Table 12. United States: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Vertical

Table 13. Canada: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Component

Table 14. Canada: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Deployment

Table 15. Canada: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Organization Size

Table 16. Canada: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Vertical

Table 17. Mexico: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Component

Table 18. Mexico: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Deployment

Table 19. Mexico: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Organization Size

Table 20. Mexico: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million) - by Vertical

Table 21. Heat Map Analysis

Table 22. List of Abbreviation

List of Figures

Figure 1. Revenue Assurance Market Segmentation, by Country

Figure 2. PEST Analysis

Figure 3. Ecosystem Analysis

Figure 4. Revenue Assurance Market - Key Market Dynamics

Figure 5. Impact Analysis of Drivers and Restraints

Figure 6. Revenue Assurance Market Revenue (US$ Million), 2020-2030

Figure 7. Revenue Assurance Market Share (%) - by Component (2022 and 2030)

Figure 8. Solution: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 9. Services: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 10. Revenue Assurance Market Share (%) - by Deployment (2022 and 2030)

Figure 11. On-premise: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 12. Cloud-based: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 13. Revenue Assurance Market Share (%) - by Organization Size (2022 and 2030)

Figure 14. SMEs: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 15. Large Enterprises: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 16. Revenue Assurance Market Share (%) - by Vertical (2022 and 2030)

Figure 17. BFSI: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 18. Hospitality: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 19. Telecom: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 20. Utilities: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 21. Others: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)

Figure 22. North America: Revenue Assurance Market, by Key Country - Revenue (2022) (US$ Million)

Figure 23. North America: Revenue Assurance Market Breakdown, by Key Countries, 2022 and 2030 (%)

Figure 24. United States: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million)

Figure 25. Canada: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million)

Figure 26. Mexico: Revenue Assurance Market - Revenue and Forecast to 2030(US$ Million)

Figure 27. Company Positioning & Concentration

1. Cartesian Inc 
2. Nokia Corp 
3. Tata Consultancy Services Ltd 
4. Amdocs 
5. Subex Ltd
6. LATRO Services Inc 
7. Araxxe SAS 
8. Panamax Inc 
9. Adapt IT Holdings Proprietary Ltd 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America revenue assurance market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the North America revenue assurance market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America revenue assurance market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
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