In a recent published report, Kenneth Research has updated the market report for Africa Revenue Assurance Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Africa Revenue Assurance Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Africa Revenue Assurance Market Overview:
Riding on the back of technology, businesses are expanding beyond boundaries. With rapid digitization, a spiked revenue is being tallied by service sectors in today’s time; especially telecom. The competitive business environment across the globe needs to diversify the revenue into several lines of businesses (LOBs) that raise the complexity and further leads to revenue leakage.The revenue assurance services are taking care of revenue leakage and fraud leakage in order to optimize the revenue realized from business and further helps to disseminate on various levels.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Further, the fluctuations in consumers demand, paradigm shift in operational activities and corporate acquisitions lead to complexity in business to operate revenue and increase profitability. In order to maintain and increase the profitability with minimum loss from revenue leakage, the companies opt the efficient management revenue solutions and tools. The revenue assurance service/solution providers offer various services such as planning and consulting to prevent revenue losses by finding and correcting the stream of revenue of the business.
Market size and forecast
The revenue assurance market of Africa is expected to show a lucrative growth as multinational and national players are expanding their business towards the horizon of Africa. Africa, as an emerging region across the globe and presence of developing countries and burgeoned demand for better services and facilities from the consumers end are projected to open new avenues for the revenue assurance service providers in the region. The loss of revenue in telecom sector of Africa is directly affecting the business of many telecom players in the region by decreasing the profitability. The business players are implementing the revenue assurance services and solutions in order to provide better services and generate feasible revenue.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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Key Players
Accenture, Ericsson, Hewlett Packard, IBM, Nokia Solutions and Networks, Wedo Technologies, Subex, Cvidya and others
By Region
North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Growth Drivers and challenges
Factors like, acquisitions, corporate mergers that increase complexity in the business and revenue leakages affecting the profitability of business are projected to escalate the demand for revenue assurance in the region. Further, companies opting preventive management systems to find and correct the revenue leakages would help the revenue assurance to see new great. In addition to that, efficient and qualitative revenue assurance services offered by domestic & international players are expected to drive the revenue assurance market in Africa over the forecast period i.e. 2015-2023
Meanwhile, lack of expertise and skilled workforce in the market is expected to dampen the revenue assurance market during the forecast period 2015-2023. Economic slowdown and currency fluctuations are yet another reasons expected to impact moderately on the growth of revenue assurance market in the region.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Download Sample of This Strategic Report-
https://www.kennethresearch.com/sample-request-10075324
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