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Revenue Assurance Market Analysis By Component(Solutions, Services, Planning and Consulting, Implementation and Customization, Support and Maintenance, Managed Services), By Deployment Type(Cloud, On-premise), By Solution(Migration Assurance, Usage Assurance, Provisioning Assurance, Billing & Rating Validation, Roaming & Interconnect Partner Assurance), By End User(TSPs, Enterprises), By Industry Vertical(BFSI, Telecom & IT, Government, Hospitality) & Forecast 2024-2035

  • PUBLISHED ON
  • 9/1/2022
  • NO OF PAGES
  • 250
  • CATEGORY
  • Banking & Finance

In 2021, the market for Global Revenue Assurance Market worldwide was worth $ 3.8 billion for the year 2021. AMR Group projects that the market will reach US$ 12.3 billion by 2031, growing at a CAGR of 11.3 % between 2022 and 2031.

Industry Overview

The term "Revenue Assurance" refers to a set of practices or principles that help businesses accurately record sales and service revenue. Revenue assurance principles or tools enable businesses to examine and fix current or potential revenue leakage points throughout networks and intermediate client- and customer-facing systems, as well as correct the data before it reaches the organization's billing systems. This is in contrast to either not identifying or correcting financing errors at all, which would require correcting them after they have already occurred. While the primary goal of any revenue assurance system is to prevent and detect revenue leakage, technologically advanced revenue assurance systems also assist businesses in enhancing and automating their conventional revenue assurance detection and monitoring procedures, as well as in preventing fraud and data inconsistencies. Today, businesses that sell products and services face a wide range of challenges and struggle with a variety of issues, such as managing the rapid growth of their customer base in emerging markets and expanding their customer base in saturated markets. Companies in markets with multiple vendors face intense competition as well, necessitating constant technological advancements and innovations to maintain a competitive edge. Companies need to incorporate efficient revenue assurance tools into their overall revenue management scenario because all of these scenarios increase their vulnerability to revenue leakage.

Market Dynamics

From SS7 probes to the billing system, an end-to-end revenue assurance system plugs into various network components. It is able to connect to a wide range of support systems and network components, allowing it to process usage data, keep track of discrepancies, and spot potential revenue leaks. In addition, the operator needs to look for revenue assurance systems that can build a workflow that reflects the company's current procedures and has the flexibility to accommodate new workflows as they develop.

In order to deal with any new risks that could result in revenue loss, the revenue assurance and fraud management departments of various telecommunications companies constantly develop new strategies. In addition, in order to develop a comprehensive risk management framework, a robust risk mitigation strategy is anticipated to include automating the volumetric tasks carried out by various teams and integrating revenue assurance and fraud management systems with intelligent automation tools like robotic process automation and cognitive analysis tools. Effective management of the company's revenue from all sources is necessary for revenue assurance. Companies' income streams become increasingly complex as a result of their diverse business segments, multiple income and expenditure sources, and various mergers, acquisitions, partnerships, and collaborations with other businesses. The World Economic Forum stated that in the Fourth Industrial Revolution, the skills gap across industry verticals is anticipated to widen. As a result, despite the fact that revenue assurance software aids in revenue management and reduces revenue leakage, the revenue assurance market is likely to expand ineffectively due to a lack of skilled labor and organizational management.

COVID Impact

Major players in the revenue assurance market ensure that the COVID-19 situation will have a minimal effect on their customers' businesses in light of the pandemic. In some countries, data is being used as a tool to track and contain the spread of the virus, while in others, companies are making changes for the benefit of their customers, who require networking services at this time. Telecommunications companies also look at how COVID-19 affects their planned investments, particularly in 5G.

The global market for revenue assurance has expanded by nearly 8% in the past five years, according to a Deloitte report released in April 2021. Since the majority of businesses already have plans in place for business continuity, the COVID-19 pandemic has resulted in an increase of 10% in overall telecom traffic and a 20% increase in viewership on streaming platforms.

Regional Trend

North America is home to developed nations with established infrastructures, ISPs, and CSPs, all of which contribute to the region's high demand for revenue assurance solutions. The US and Canada are the two nations that contribute the most to the North American market; their supremacy is due to their economies' long histories, which have allowed them to make significant investments in cutting-edge technology like 5G and network virtualization. Other significant aspects that affect the adoption of revenue assurance solutions in the region include the increase in subscription-based data, the existence of significant revenue assurance providers, and improved telecom network infrastructure.

Competitive Landscape

The report includes competitive landscape based on the extensive assessment of the product portfolio offering, geographic presence, and key strategic developments adopted by the leading market players in the industry over the past 5 years. The key players profiled are Amdocs, Araxxe Inc, Adapt IT, Cartesian, Digital Route, eClerx, HPE, Itron, Nokia, Profit Insight, Sagacity Solutions, Sandvine, Sigos, Subex, Synthesis Systems, TCS, Teoco, Transunion, and WeDo, and Xintec. These players have adopted various growth strategies, such as partnerships and new service launches, to expand their presence further in the MEA WaaS market and broaden their customer base.

By Component

·         Solutions

·         Services

·         Planning and Consulting

·         Implementation and Customization

·         Support and Maintenance

·         Managed Services

By Deployment Type

·         Cloud

·         On-premise

By Solution

·         Migration Assurance

·         Usage Assurance

·         Provisioning Assurance

·         Billing & Rating Validation

·         Roaming & Interconnect Partner Assurance

By End User

·         TSPs

·         Enterprises

By Industry Vertical

·         BFSI

·         Telecom & IT

·         Government

·         Hospitality

·         Others

By Geography

·         North America

·         Europe

·         Asia-Pacific

·         South America

·         Middle East and Africa

Key Points:
Define, describe and forecast Revenue Assurance Market in the Telecom Sector product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Revenue Assurance Market in the Telecom Sector Market Definition and Overview
1.1 Objectives of the Study
1.2 Overview of Revenue Assurance Market in the Telecom Sector
1.3 Revenue Assurance Market in the Telecom Sector Market Scope and Market Size Estimation
1.4 Market Segmentation
1.4.1 Types of Revenue Assurance Market in the Telecom Sector
1.4.2 Applications of Revenue Assurance Market in the Telecom Sector
1.5 Market Exchange Rate

2 Research Method and Logic
2.1 Methodology
2.2 Research Data Source

3 Market Competition Analysis
3.1 Hewlett-Packard Co. Market Performance Analysis
3.1.1 Hewlett-Packard Co. Basic Information
3.1.2 Product and Service Analysis
3.1.3 Strategies for Company to Deal with the Impact of COVID-19
3.1.4 Hewlett-Packard Co. Sales, Value, Price, Gross Margin 2016-2021
3.2 Teoco Corp Market Performance Analysis
3.2.1 Teoco Corp Basic Information
3.2.2 Product and Service Analysis
3.2.3 Strategies for Company to Deal with the Impact of COVID-19
3.2.4 Teoco Corp Sales, Value, Price, Gross Margin 2016-2021
3.3 Comware Inc. Market Performance Analysis
3.3.1 Comware Inc. Basic Information
3.3.2 Product and Service Analysis
3.3.3 Strategies for Company to Deal with the Impact of COVID-19
3.3.4 Comware Inc. Sales, Value, Price, Gross Margin 2016-2021
3.4 Neural Technologies Ltd. Market Performance Analysis
3.4.1 Neural Technologies Ltd. Basic Information
3.4.2 Product and Service Analysis
3.4.3 Strategies for Company to Deal with the Impact of COVID-19
3.4.4 Neural Technologies Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.5 Equinox Information Systems Inc. Market Performance Analysis
3.5.1 Equinox Information Systems Inc. Basic Information
3.5.2 Product and Service Analysis
3.5.3 Strategies for Company to Deal with the Impact of COVID-19
3.5.4 Equinox Information Systems Inc. Sales, Value, Price, Gross Margin 2016-2021
3.6 Cartesian Ltd. Market Performance Analysis
3.6.1 Cartesian Ltd. Basic Information
3.6.2 Product and Service Analysis
3.6.3 Strategies for Company to Deal with the Impact of COVID-19
3.6.4 Cartesian Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.7 Martin Dawes Analytics Inc. Market Performance Analysis
3.7.1 Martin Dawes Analytics Inc. Basic Information
3.7.2 Product and Service Analysis
3.7.3 Strategies for Company to Deal with the Impact of COVID-19
3.7.4 Martin Dawes Analytics Inc. Sales, Value, Price, Gross Margin 2016-2021
3.8 WeDo Technologies B.V. Market Performance Analysis
3.8.1 WeDo Technologies B.V. Basic Information
3.8.2 Product and Service Analysis
3.8.3 Strategies for Company to Deal with the Impact of COVID-19
3.8.4 WeDo Technologies B.V. Sales, Value, Price, Gross Margin 2016-2021
3.9 Connectiva Systems Inc. Market Performance Analysis
3.9.1 Connectiva Systems Inc. Basic Information
3.9.2 Product and Service Analysis
3.9.3 Strategies for Company to Deal with the Impact of COVID-19
3.9.4 Connectiva Systems Inc. Sales, Value, Price, Gross Margin 2016-2021
3.10 CVidya Networks Inc. Market Performance Analysis
3.10.1 CVidya Networks Inc. Basic Information
3.10.2 Product and Service Analysis
3.10.3 Strategies for Company to Deal with the Impact of COVID-19
3.10.4 CVidya Networks Inc. Sales, Value, Price, Gross Margin 2016-2021
3.11 Teleonto Technology Pvt. Ltd. Market Performance Analysis
3.11.1 Teleonto Technology Pvt. Ltd. Basic Information
3.11.2 Product and Service Analysis
3.11.3 Strategies for Company to Deal with the Impact of COVID-19
3.11.4 Teleonto Technology Pvt. Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.12 Subex Ltd. Market Performance Analysis
3.12.1 Subex Ltd. Basic Information
3.12.2 Product and Service Analysis
3.12.3 Strategies for Company to Deal with the Impact of COVID-19
3.12.4 Subex Ltd. Sales, Value, Price, Gross Margin 2016-2021
3.13 Capana Inc. Market Performance Analysis
3.13.1 Capana Inc. Basic Information
3.13.2 Product and Service Analysis
3.13.3 Strategies for Company to Deal with the Impact of COVID-19
3.13.4 Capana Inc. Sales, Value, Price, Gross Margin 2016-2021
3.14 Xintec Inc. Market Performance Analysis
3.14.1 Xintec Inc. Basic Information
3.14.2 Product and Service Analysis
3.14.3 Strategies for Company to Deal with the Impact of COVID-19
3.14.4 Xintec Inc. Sales, Value, Price, Gross Margin 2016-2021
3.15 Advanced Technologies & Services Inc. Market Performance Analysis
3.15.1 Advanced Technologies & Services Inc. Basic Information
3.15.2 Product and Service Analysis
3.15.3 Strategies for Company to Deal with the Impact of COVID-19
3.15.4 Advanced Technologies & Services Inc. Sales, Value, Price, Gross Margin 2016-2021

4 Market Segment by Type, Historical Data and Market Forecasts
4.1 Global Revenue Assurance Market in the Telecom Sector Production and Value by Type
4.1.1 Global Revenue Assurance Market in the Telecom Sector Production by Type 2016-2021
4.1.2 Global Revenue Assurance Market in the Telecom Sector Market Value by Type 2016-2021
4.2 Global Revenue Assurance Market in the Telecom Sector Market Production, Value and Growth Rate by Type 2016-2021
4.2.1 Revenue leakage Market Production, Value and Growth Rate
4.2.2 Cost leakage Market Production, Value and Growth Rate
4.2.3 Margin leakage Market Production, Value and Growth Rate
4.3 Global Revenue Assurance Market in the Telecom Sector Production and Value Forecast by Type
4.3.1 Global Revenue Assurance Market in the Telecom Sector Production Forecast by Type 2021-2026
4.3.2 Global Revenue Assurance Market in the Telecom Sector Market Value Forecast by Type 2021-2026
4.4 Global Revenue Assurance Market in the Telecom Sector Market Production, Value and Growth Rate by Type Forecast 2021-2026
4.4.1 Revenue leakage Market Production, Value and Growth Rate Forecast
4.4.2 Cost leakage Market Production, Value and Growth Rate Forecast
4.4.3 Margin leakage Market Production, Value and Growth Rate Forecast

5 Market Segment by Application, Historical Data and Market Forecasts
5.1 Global Revenue Assurance Market in the Telecom Sector Consumption and Value by Application
5.1.1 Global Revenue Assurance Market in the Telecom Sector Consumption by Application 2016-2021
5.1.2 Global Revenue Assurance Market in the Telecom Sector Market Value by Application 2016-2021
5.2 Global Revenue Assurance Market in the Telecom Sector Market Consumption, Value and Growth Rate by Application 2016-2021
5.2.1 Banking Market Consumption, Value and Growth Rate
5.2.2 Insurance Market Consumption, Value and Growth Rate
5.2.3 Others Market Consumption, Value and Growth Rate
5.3 Global Revenue Assurance Market in the Telecom Sector Consumption and Value Forecast by Application
5.3.1 Global Revenue Assurance Market in the Telecom Sector Consumption Forecast by Application 2021-2026
5.3.2 Global Revenue Assurance Market in the Telecom Sector Market Value Forecast by Application 2021-2026
5.4 Global Revenue Assurance Market in the Telecom Sector Market Consumption, Value and Growth Rate by Application Forecast 2021-2026
5.4.1 Banking Market Consumption, Value and Growth Rate Forecast
5.4.2 Insurance Market Consumption, Value and Growth Rate Forecast
5.4.3 Others Market Consumption, Value and Growth Rate Forecast

6 Global Revenue Assurance Market in the Telecom Sector by Region, Historical Data and Market Forecasts
6.1 Global Revenue Assurance Market in the Telecom Sector Sales by Region 2016-2021
6.2 Global Revenue Assurance Market in the Telecom Sector Market Value by Region 2016-2021
6.3 Global Revenue Assurance Market in the Telecom Sector Market Sales, Value and Growth Rate by Region 2016-2021
6.3.1 North America
6.3.2 Europe
6.3.3 Asia Pacific
6.3.4 South America
6.3.5 Middle East and Africa
6.4 Global Revenue Assurance Market in the Telecom Sector Sales Forecast by Region 2021-2026
6.5 Global Revenue Assurance Market in the Telecom Sector Market Value Forecast by Region 2021-2026
6.6 Global Revenue Assurance Market in the Telecom Sector Market Sales, Value and Growth Rate Forecast by Region 2021-2026
6.6.1 North America
6.6.2 Europe
6.6.3 Asia Pacific
6.6.4 South America
6.6.5 Middle East and Africa

7 United State Market Size Analysis 2016-2026
7.1 United State Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
7.2 United State Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
7.3 United State Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

8 Canada Market Size Analysis 2016-2026
8.1 Canada Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
8.2 Canada Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
8.3 Canada Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

9 Germany Market Size Analysis 2016-2026
9.1 Germany Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
9.2 Germany Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
9.3 Germany Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

10 UK Market Size Analysis 2016-2026
10.1 UK Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
10.2 UK Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
10.3 UK Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

11 France Market Size Analysis 2016-2026
11.1 France Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
11.2 France Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
11.3 France Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

12 Italy Market Size Analysis 2016-2026
12.1 Italy Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
12.2 Italy Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
12.3 Italy Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

13 Spain Market Size Analysis 2016-2026
13.1 Spain Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
13.2 Spain Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
13.3 Spain Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

14 Russia Market Size Analysis 2016-2026
14.1 Russia Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
14.2 Russia Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
14.3 Russia Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

15 China Market Size Analysis 2016-2026
15.1 China Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
15.2 China Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
15.3 China Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

16 Japan Market Size Analysis 2016-2026
16.1 Japan Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
16.2 Japan Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
16.3 Japan Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

17 South Korea Market Size Analysis 2016-2026
17.1 South Korea Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
17.2 South Korea Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
17.3 South Korea Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

18 Australia Market Size Analysis 2016-2026
18.1 Australia Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
18.2 Australia Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
18.3 Australia Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

19 Thailand Market Size Analysis 2016-2026
19.1 Thailand Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
19.2 Thailand Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
19.3 Thailand Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

20 Brazil Market Size Analysis 2016-2026
20.1 Brazil Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
20.2 Brazil Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
20.3 Brazil Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

21 Argentina Market Size Analysis 2016-2026
21.1 Argentina Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
21.2 Argentina Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
21.3 Argentina Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

22 Chile Market Size Analysis 2016-2026
22.1 Chile Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
22.2 Chile Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
22.3 Chile Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

23 South Africa Market Size Analysis 2016-2026
23.1 South Africa Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
23.2 South Africa Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
23.3 South Africa Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

24 Egypt Market Size Analysis 2016-2026
24.1 Egypt Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
24.2 Egypt Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
24.3 Egypt Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

25 UAE Market Size Analysis 2016-2026
25.1 UAE Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
25.2 UAE Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
25.3 UAE Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

26 Saudi Arabia Market Size Analysis 2016-2026
26.1 Saudi Arabia Revenue Assurance Market in the Telecom Sector Value and Market Growth 2016-2021
26.2 Saudi Arabia Revenue Assurance Market in the Telecom Sector Sales and Market Growth 2016-2021
26.3 Saudi Arabia Revenue Assurance Market in the Telecom Sector Market Value Forecast 2021-2026

27 Market Dynamic Analysis and Development Suggestions
27.1 Market Drivers
27.2 Market Development Constraints
27.3 PEST Analysis
27.3.1 Political Factors
27.3.2 Economic Factors
27.3.3 Social Factors
27.3.4 Technological Factors
27.4 Industry Trends Under COVID-19
27.4.1 Risk Assessment on COVID-19
27.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
27.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
27.5 Market Entry Strategy Analysis
27.5.1 Market Definition
27.5.2 Client
27.5.3 Distribution Model
27.5.4 Product Messaging and Positioning
27.5.5 Price
27.6 Advice on Entering the Market

Quality Assurance Process

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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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