Global Revenue Assurance Market in the Telecom Sector 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-05 09:33:02
The Global Revenue Assurance market in the Telecom sector is to grow at a CAGR of 12.61 percent over the period 2012-2016. One of the key factors contributing to this market growth is the declining revenue of telecom operators and the need to increase profit margins. The Global Revenue Assurance market in the Telecom sector has also been witnessing the increasing adoption of integrated revenue optimization solutions. However, integration of revenue assurance solutions with operation support systems and business support systems could pose a challenge to the growth of this market.
Intense competition and revenue slumps have forced several telecom operators across the globe to cease operations in the Telecom industry. As a result, the Telecom industry is witnessing an increase in mergers and acquisitions. However, following acquisition, the parent companies usually find it difficult to retain its own brand image owing to issues pertaining to revenue management. This is because, after acquisition, the processes of the different companies, such as multiple mediation, billing, and other network systems, need to work in harmony to generate bills. Hence, it is difficult to operate an error-free revenue management system. This issue has encouraged telecom operators to adopt revenue assurance solutions as a means to reduce revenue leakages and to ensure error-free revenue management.
The increasing deployment of next-generation telecom networks is one of the major drivers in the Global Revenue Assurance Market in the Telecom Sector. The next-generation technologies most commonly deployed by various telecom operators are 3G and long-term evolution networks. Further, various telecom operators are integrating multiple networks such as mediation and billing systems, which usually leads to revenue leakages. This revenue leakage arises due to the integration of multiple networks and has induced telecom operators to adopt various revenue assurance solutions, which will lead to the growth of the market during the forecast period.
The key vendors dominating this space are cVidya Networks Inc., Hewlett-Packard Co., Subex Ltd., and WeDo Technologies B.V. The other vendors mentioned in the report are Advanced Technologies & Services Inc., Capana Inc., Cartesian Ltd., Comware Inc., Connectiva Systems Inc., Equinox Information Systems Inc., Martin Dawes Analytics Inc., Neural Technologies Ltd., Teleonto Technology Pvt. Ltd., Teoco Corp., and Xintec Inc.
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