South & Central America Revenue Assurance Market Forecast to 2030
South & Central 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)
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Description
Favorable Business Environment Fuels South & Central 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.
South & Central America Revenue Assurance Market Overview
The revenue assurance market in SAM showcases the ongoing trends in Brazil, Argentina, and the Rest of SAM. The revenue assurance market in South America is poised for significant growth in the coming years. SAM has completely embraced the digital revolution. In 2022, 74% of the population made online purchases, up from 55% in 2020. As SAM economies become more complex and diverse, the potential for revenue leakage through billing errors, fraud, and other issues increases. For instance, according to a survey conducted by a company named Jumio, in March 2023, ~20% of overall revenue was lost to fraud in SAM.
South America has a very mature telecommunication infrastructure. The countries in the region are investing in the telecommunication sector. For instance, in October 2023, Telecom Argentina received two disbursements from IDB Invest totaling US$ 120 million. The loans worth US$ 100 million and US$ 20 million are projected to mature on June 15, 2027, and are part of a US$ 300 million financing agreement approved in 2019. In addition, businesses in South America are increasingly focusing on enhancing customer experience, and revenue assurance plays an important role in ensuring accurate billing and resolving billing disputes quickly. Thus, owing to the above parameters, the revenue assurance market in South America is experiencing significant growth.
South & Central America Revenue Assurance Market Revenue and Forecast to 2030 (US$ Million)
South & Central America Revenue Assurance Market Segmentation
The South & Central America revenue assurance market is categorized into components, deployment, organization size, vertical, and country.
Based on component, the South & Central America revenue assurance market is bifurcated into solution and services. The solution segment held a larger market share in 2022.
Based on deployment, the South & Central America revenue assurance market is bifurcated into on-premises and cloud-based. The cloud-based segment held a larger market share in 2022.
Based on organization size, the South & Central 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 South & Central America revenue assurance market is categorized into BFSI, hospitality, telecom, utilities, and others. The telecom segment held the largest market share in 2022.
By country, the South & Central America revenue assurance market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil dominated the South & Central America revenue assurance market share in 2022.
Nokia Corp, Tata Consultancy Services Ltd, Amdocs, Araxxe SAS, and Panamax Inc are some of the leading companies operating in the South & Central America revenue assurance market.
Summary Info
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According to the Research Team’ research, the South & Central America revenue assurance market was valued at US$ 233.51 million in 2022 and is expected to reach US$ 447.01 million by 2030, registering a CAGR of 8.5% from 2022 to 2030. Rise in internet penetration and expansion of telecom sector are among the critical factors attributed to drive the South & Central America revenue assurance market growth.
As internet usage continues to grow, more businesses are conducting their operations online, leading to an increase in the generation of digital transactions and revenue streams. According to World Bank data, globally, the number of individuals using the Internet in 2021 was 63%, an increase from 60% in 2020. With more people accessing the Internet, more digital transactions are taking place. This includes online purchases, digital payments, and other online financial activities. The larger the volume of transactions, the greater the need for effective revenue assurance measures to ensure accurate billing, prevent revenue leakages, and detect fraudulent activities. Moreover, the rise in internet penetration has fueled the growth of the e-commerce industry. Online retail platforms and marketplaces are experiencing increased activity, with more businesses and consumers participating in online buying and selling. Revenue assurance is crucial in ensuring accurate revenue recognition, managing inventory, and preventing revenue leakages in e-commerce. There is a significant increase in the use of mobile internet. As more people access the Internet through their mobile devices, there is a need for revenue assurance solutions that can effectively monitor and manage revenue streams from mobile services, such as mobile data, voice calls, and value-added services. Hence, the rising internet penetration is a significant driver for the revenue assurance market.
On the flip side, lack of awareness and understanding of revenue assurance hampers the growth of South & Central America revenue assurance market.
Based on component, the South & Central America revenue assurance market is bifurcated into solution and services. The solution segment held 73.3% market share in 2022, amassing US$ 171.24 million. It is projected to garner US$ 332.48 million by 2030 to register 8.6% CAGR during 2022-2030.
In terms of deployment, the South & Central America revenue assurance market is bifurcated into on-premises and cloud-based. The cloud-based segment held 77.3% share of South & Central America revenue assurance market in 2022, amassing US$ 180.49 million. It is anticipated to garner US$ 365.37 million by 2030 to expand at 9.2% CAGR during 2022-2030.
In terms of organization size, the South & Central America revenue assurance market is bifurcated into SMEs and large enterprises. The large enterprises segment held 75.4% share of South & Central America revenue assurance market in 2022, amassing US$ 176.13 million. It is anticipated to garner US$ 345.37 million by 2030 to expand at 8.8% CAGR during 2022-2030.
Based on vertical, the South & Central America revenue assurance market is segmented into BFSI, hospitality, telecom, utilities, and others. The telecom segment held 35.9% market share in 2022, amassing US$ 83.88 million. It is projected to garner US$ 169.81 million by 2030 to register 9.2% CAGR during 2022-2030.
Based on country, the South & Central America revenue assurance market is categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that Brazil captured 46.5% share of South & Central America revenue assurance market in 2022. It was assessed at US$ 108.63 million in 2022 and is likely to hit US$ 224.43 million by 2030, registering a CAGR of 9.5% during 2022-2030.
Key players operating in the South & Central America revenue assurance market are Nokia Corp, Tata Consultancy Services Ltd, Amdocs, Araxxe SAS, and Panamax Inc., among others.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America revenue assurance market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America revenue assurance market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
1. Introduction
1.1 The the Reporting Teams 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. South & Central America 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. South & Central 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 – South & Central America Market Analysis
6.1 Revenue Assurance Market Revenue (US$ Million), 2020-2030
6.2 Revenue Assurance Market Forecast Analysis
7. South & Central 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. South & Central 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. South & Central 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. South & Central 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. South & Central America Revenue Assurance Market – Country Analysis
11.1 South & Central America Revenue Assurance Market Overview
11.1.1 South & Central America: Revenue Assurance Market – Revenue and Forecast Analysis – by Country
11.1.1.1 South & Central America: Revenue Assurance Market – Revenue and Forecast Analysis – by Country
11.1.1.2 Brazil: Revenue Assurance Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.2.1 Brazil: Revenue Assurance Market Breakdown, by Component
11.1.1.2.2 Brazil: Revenue Assurance Market Breakdown, by Deployment
11.1.1.2.3 Brazil: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.2.4 Brazil: Revenue Assurance Market Breakdown, by Vertical
11.1.1.3 Argentina: Revenue Assurance Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.3.1 Argentina: Revenue Assurance Market Breakdown, by Component
11.1.1.3.2 Argentina: Revenue Assurance Market Breakdown, by Deployment
11.1.1.3.3 Argentina: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.3.4 Argentina: Revenue Assurance Market Breakdown, by Vertical
11.1.1.4 Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030 (US$ Million)
11.1.1.4.1 Rest of South & Central America: Revenue Assurance Market Breakdown, by Component
11.1.1.4.2 Rest of South & Central America: Revenue Assurance Market Breakdown, by Deployment
11.1.1.4.3 Rest of South & Central America: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.4.4 Rest of South & Central America: 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 Nokia Corp
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 Tata Consultancy Services Ltd
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 Amdocs 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 Araxxe SAS
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 Panamax Inc
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
15. Appendix
15.1 About The the Reporting Teams
15.2 Word Index
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. South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Country
Table 9. Brazil: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 10. Brazil: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Deployment
Table 11. Brazil: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Organization Size
Table 12. Brazil: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 13. Argentina: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 14. Argentina: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Deployment
Table 15. Argentina: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Organization Size
Table 16. Argentina: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 17. Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Component
Table 18. Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Deployment
Table 19. Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Organization Size
Table 20. Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million) – by Vertical
Table 21. Heat Map Analysis
Table 22. List of Abbreviation
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. South & Central America: Revenue Assurance Market, by Key Country – Revenue (2022) (US$ Million)
Figure 23. South & Central America: Revenue Assurance Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 24. Brazil: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million)
Figure 25. Argentina: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million)
Figure 26. Rest of South & Central America: Revenue Assurance Market – Revenue and Forecast to 2030(US$ Million)
Figure 27. Company Positioning & Concentration
The List of Companies – South & Central America Revenue Assurance Market
1. Nokia Corp
2. Tata Consultancy Services Ltd
3. Amdocs
4. Araxxe SAS
5. Panamax Inc
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