The Latin America, Middle East and Africa Revenue Assurance Market would witness market growth of 18% CAGR during the forecast period (2020-2026). Telecom operator improves their ability in the fields of content, technology and marketing to forge win-win partnerships with providers. In exchange for greater customer participation, they also transfer power over partner structures. These strategic positions have a profound impact on income assurance. The number of subscribers is also increasing and that their use will continue to increase as networks become more service-rich. If the speed and scale of change in billing management systems does not keep pace with the transformation of networks and services, telecommunications providers will be in serious trouble. In order to avoid this, existing tools and techniques for the proactive, real-time revenue assurance systems must be replaced with next-generation.
Although the primary aim of any revenue assurance program is to prevent or avoid revenue leakage, technologically sophisticated revenue assurance systems often allow companies to develop and automate the conventional processes to detect and monitor revenue insurance and to detect and prevent fraud and data inconsistencies.
Products and services-based organizations currently face huge challenges and issues, from raising the customer base in saturated markets to handling the rapidly growing consumer base in developing markets. Markets with a number of providers often offer firms with a highly competitive environment demanding constant innovation and technological developments to gain competitive edge. All these scenarios make firms more exposed to revenue leaking and call for the integration in their overall scenario of revenue management of effective income insurance instruments.
Based on Component, the market is segmented into Software and Services. Based on Deployment Type, the market is segmented into On-premise and Cloud. Based on Vertical, the market is segmented into Telecom, BFSI, Healthcare & Social Assistance, Energy & Utilities, Retail and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Revenue Assurance Market in LAMEA is expected to register a CAGR of 18% during the forecast period (2020-2026)
The market research report covers theanalysis of key stake holders of the market. Key companies profiled in the report include Accenture PLC, Hewlett Packard Enterprise Company, IBM Corporation, Tata Consultancy Services Ltd., Tech Mahindra Limited, Nokia Corporation, Itron, Inc., Subex Limited, Amdocs Limited, and Araxxe SAS.
Market Segmentation:
By Component
By Deployment Type
By Vertical
By Country
Companies Profiled
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 