Revenue Assurance for BFSI Market Size, Share and Scope 2031

Revenue Assurance for BFSI Market Size and Forecast (2021–2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: Component (Solution and Services), Deployment (Cloud and On-Premise), Organization Size (Large Enterprises and SMEs), and Geography

Publication Month : May 2024

  • Report Code : TIPRE00039128
  • Category : Banking, Financial Services, and Insurance
  • Status : Published
  • No. of Pages : 143
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The revenue assurance for BFSI market size is projected to reach US$ 905.08 million by 2031 from US$ 409.92 million in 2023. The market is expected to register a CAGR of 10.4% in 2023–2031. Integration of artificial intelligence and machine learning is likely to remain one of the key revenue assurance for BFSI market trends.

Revenue Assurance for BFSI Market Analysis

Revenue assurance is a crucial process used by businesses to identify, analyze, mitigate, and prevent revenue leakage through various measures. It aims to reduce the risks of financial losses due to errors, inaccuracies, or inefficiencies in revenue-related activities. Revenue assurance encompasses multiple internal and external activities, including auditing, reconciliation, budgeting, and reporting, to ensure that the income generated from business operations is accurate, secure, and compliant.

Revenue Assurance for BFSI Market Overview

Several factors fuel the growth of the revenue assurance market for BFSI sector, including the rising complexity of banking operations. Financial services businesses prioritize customer-centricity by developing novel products and pricing strategies, generating new income streams, and optimizing digital channels. They also prioritize risk management, operational agility, and margin controls. A comprehensive revenue management and business assurance solution can help achieve these goals. With the rising complexity of business operations in the BFSI sector, revenue assurance solutions and services allow organizations to monitor their revenue streams and avoid revenue leakage.

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Revenue Assurance for BFSI Market: Strategic Insights

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Revenue Assurance for BFSI Market Drivers and Opportunities

Growing Technological Adoption in Banking Sector by Electronic Manufacturers to Favor Market

Digital adoption in banking is the process of integrating and using digital technology and solutions to improve client experiences, streamline operations, and increase overall efficiency in the banking business.

As more banking transactions move online and via digital channels such as mobile banking and online payments, the number and complexity of transactions rise. Revenue assurance solutions assist banks in resolving and verifying these transactions, assuring proper revenue recognition and reducing revenue loss due to errors or fraud. For instance, according to 2021 data released by the World Bank, two-thirds of adults worldwide now make or receive digital payments, with developing economies accounting for 57% in 2021, up from 35% in 2014. In developing countries, 71% hold an account with a bank, another financial institution, or a mobile money provider, an increase from 63% in 2017 and 42% in 2011. Digitalization has raised client expectations for consistent, tailored banking services across all channels. Revenue assurance solutions help banks improve the customer experience by optimizing revenue streams, recognizing cross-selling and upselling opportunities, and delivering targeted marketing campaigns based on customer data. According to a 2023 survey by Astera Software, with more than 70% of customers underlining the importance of personalized offers in banking, it is clear that individuals place great value on individualized experiences from their financial institutions. Also, a 2023 study by Genesys stated that 72% of business leaders believe that customer loyalty is achieved majorly by offering personalized products and services.

Thus, the digitization of the BFSI sector is driving the market for revenue assurance in banking. By employing modern technologies and data-driven insights, banks can improve revenue assurance methods, manage risks, and seize new income opportunities in the digital world.

Benefits of Managed Service Approach in Revenue Assurance

There is a rise in competition across the BFSI sector. Service providers are focusing on making their prices competitive and innovative in order to differentiate their offerings. To maintain the pace of innovation and lower prices while remaining profitable, firms must identify ways to improve operational efficiency. In this context, they are assessing all chances to reduce operational costs, including a review of all solutions, such as managed services. With income assurance managed services, BFSI firms may manage the complexity of their business, particularly control and support tasks, and focus their efforts on expansion and innovation initiatives that might generate additional income. A revenue assurance team should be equipped with business process experience and technological know-how to identify discrepancies and deviations during the implementation of a company strategy. Outsourcing revenue assurance activities, either partially or entirely, not only improves internal auditing skills but also allows for the expansion of responsibilities and talents within these teams without the need to hire additional workers. A revenue assurance managed services team should be adaptable and multidisciplinary, and they should work consistently to detect, investigate, and analyze the defined and implemented controls, proposing corrections and appropriate corrective actions to ensure the prevention (and avoidance) of inconsistencies. Thus, in order to realize reduced operational costs and provide the best expertise in revenue assurance, the focus on managed or outsourced services ought to increase.

Revenue Assurance for BFSI Market Report Segmentation Analysis

Key segments that contributed to the derivation of the revenue assurance for BFSI market analysis are component, deployment, and organization size.

  • Based on component, the revenue assurance for BFSI market is segmented into solutions and services. The solutions segment held a larger market share in 2023.
  • Based on deployment, the market is segmented into cloud and on-premise.
  • By organization size, the market is bifurcated into large enterprises and SMEs.

Revenue Assurance for BFSI Market Share Analysis by Geography

The geographic scope of the revenue assurance for BFSI market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America dominated the revenue assurance for BFSI market share in 2023. The financial services sector in the US encompasses a variety of institutions, such as commercial banks, insurance companies, nonbanking financial companies, cooperatives, pension funds, mutual funds, and other smaller financial entities. Within the banking component of BFSI, there are different segments, including core banking, retail, private, wealth, corporate, investment, and cards, while financial services cover activities such as stock-broking, payment gateways, wallets, and mutual funds. Ensuring revenue assurance is vital in the BFSI industry to prevent loss of income or fees resulting from inconsistent practices, inadequate pricing controls, and the lack of attention to detail, all of which can lead to revenue leakages. In October 2023, a survey commissioned by the American Bankers Association and Morning Consult revealed that consumers are increasingly adopting digital banking channels. The survey found that 48% of bank customers preferred using mobile apps for managing their bank accounts, while 23% favored online banking via laptops or PCs over the past year. Additionally, visiting a physical branch (9%), ATMs (8%), and telephone calls (5%) are among the next most utilized banking methods. This trend reflects the ongoing digital transformation in the BFSI industry. The industry is embracing digitization and emerging technologies to improve operational efficiency, increase revenue, and provide a better customer experience, further boosting the demand for revenue assurance in BFSI.

Revenue Assurance for BFSI Market Report Scope

Revenue Assurance for BFSI Market News and Recent Developments

The revenue assurance for BFSI market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for revenue assurance for BFSI:

  • Accelya, a leading global provider of technology solutions to the travel industry, announced that Spanish carrier Vueling renewed its long-standing commitment to the Accelya revenue management solution. The multi-year agreement with Accelya will ensure the Barcelona-based airline can quickly identify sales opportunities, closely control pricing, and constantly review the competitive environment for total revenue performance. (Source: Accelya, Press Release, 2022)
  • Tecnotree, a global digital platform and services leader for 5G and cloud-native technologies, has been recognized again as a Representative Vendor in the Gartner Market Guide for complete (RM&M) Revenue Management and Monetization Solutions. (Source: Tecnotree, Press Release, 2022)

Revenue Assurance for BFSI Market Report Coverage and Deliverables

The "Revenue Assurance for BFSI Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market, covering the areas given below:

  • Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Market dynamics such as drivers, restraints, and key opportunities
  • Key future trends
  • Detailed PEST and SWOT analysis
  • Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Which is the leading component segment in the revenue assurance for BFSI market?

Solution segment led the revenue assurance for BFSI market with a significant share in 2023 and is expected to grow with the highest CAGR.

Which key players hold the major market share of the revenue assurance for BFSI market?

The key players holding majority shares in the Revenue assurance for BFSI market include Oracle, SUBEX, Sagacity Solutions, SunTec Business Solutions, and Sunoida Solutions DMCC.

What will be the revenue assurance for BFSI market size by 2031?

The revenue assurance for BFSI market is expected to reach US$ 870.26 million by 2031.

What is the estimated market size for the revenue assurance for BFSI market in 2023?

The revenue assurance for BFSI market was estimated to be valued at US$ 391.23 million in 2023; it is expected to grow at a CAGR of 10.5% during period 2023-2031.

What are the future trends of the revenue assurance for BFSI market?

Integration of artificial intelligence and machine learning are expected to set the future trend for the revenue assurance for BFSI market in the coming years.

What are the driving factors impacting the revenue assurance for BFSI market?

Increasing need for revenue leakage prevention in complex banking environment and growing technological adoption in banking sector are driving factors of revenue assurance for BFSI market.

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

4. Revenue Assurance for BFSI Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 Solution/Service Providers

4.3.2 System Integrators

4.3.3 End Users

4.3.4 List of Vendors in the Value Chain

5. Revenue Assurance for BFSI Market – Key Market Dynamics

5.1 Revenue Assurance for BFSI Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Increasing Need for Revenue Leakage Prevention in Complex Banking Environment

5.2.2 Growing Technological Adoption in Banking Sector

5.3 Market Restraints

5.3.1 Lack of Awareness and Understanding about Revenue Assurance

5.4 Market Opportunities

5.4.1 Benefits of Managed Service Approach in Revenue Assurance

5.5 Future Trends

5.5.1 Integration of Artificial Intelligence and Machine Learning

5.6 Impact of Drivers and Restraints:

6. Revenue Assurance for BFSI Market – Global Market Analysis

6.1 Revenue Assurance for BFSI Market Revenue (US$ Million), 2021–2031

6.2 Revenue Assurance for BFSI Market Forecast Analysis

7. Revenue Assurance for BFSI Market Analysis – by Component

7.1 Solution

7.1.1 Overview

7.1.2 Solution: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

7.2 Services

7.2.1 Overview

7.2.2 Services: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

8. Revenue Assurance for BFSI Market Analysis – by Deployment

8.1 Cloud

8.1.1 Overview

8.1.2 Cloud: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

8.2 On-Premise

8.2.1 Overview

8.2.2 On-Premise: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

9. Revenue Assurance for BFSI Market Analysis – by Organization Size

9.1 Large Enterprises

9.1.1 Overview

9.1.2 Large Enterprises: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

9.2 SMEs

9.2.1 Overview

9.2.2 SMEs : Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10. Revenue Assurance for BFSI Market – Geographical Analysis

10.1 Overview

10.2 North America

10.2.1 North America Revenue Assurance for BFSI Market Overview

10.2.2 North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.2.3 North America: Revenue Assurance for BFSI Market Breakdown, by Component

10.2.3.1 North America: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Component

10.2.4 North America: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.2.4.1 North America: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Deployment

10.2.5 North America: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.2.5.1 North America: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Organization Size

10.2.6 North America: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.2.6.1 North America: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.2.6.2 United States: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.2.6.2.1 United States: Revenue Assurance for BFSI Market Breakdown, by Component

10.2.6.2.2 United States: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.2.6.2.3 United States: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.2.6.3 Canada: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.2.6.3.1 Canada: Revenue Assurance for BFSI Market Breakdown, by Component

10.2.6.3.2 Canada: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.2.6.3.3 Canada: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.2.6.4 Mexico: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.2.6.4.1 Mexico: Revenue Assurance for BFSI Market Breakdown, by Component

10.2.6.4.2 Mexico: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.2.6.4.3 Mexico: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3 Europe

10.3.1 Europe Revenue Assurance for BFSI Market Overview

10.3.2 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.3 Europe: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.3.1 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Component

10.3.4 Europe: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.4.1 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Deployment

10.3.5 Europe: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.5.1 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Organization Size

10.3.6 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.3.6.1 Europe: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.3.6.2 France: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.2.1 France: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.2.2 France: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.2.3 France: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.6.3 United Kingdom: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.3.1 United Kingdom: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.3.2 United Kingdom: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.3.3 United Kingdom: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.6.4 Germany: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.4.1 Germany: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.4.2 Germany: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.4.3 Germany: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.6.5 Italy: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.5.1 Italy: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.5.2 Italy: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.5.3 Italy: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.6.6 Russia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.6.1 Russia: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.6.2 Russia: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.6.3 Russia: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.3.6.7 Rest of Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.3.6.7.1 Rest of Europe: Revenue Assurance for BFSI Market Breakdown, by Component

10.3.6.7.2 Rest of Europe: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.3.6.7.3 Rest of Europe: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4 Asia Pacific

10.4.1 Asia Pacific Revenue Assurance for BFSI Market Overview

10.4.2 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.3 Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.3.1 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Component

10.4.4 Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.4.1 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Deployment

10.4.5 Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.5.1 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Organization Size

10.4.6 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.4.6.1 Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.4.6.2 China: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.2.1 China: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.2.2 China: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.2.3 China: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.6.3 Japan: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.3.1 Japan: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.3.2 Japan: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.3.3 Japan: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.6.4 India: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.4.1 India: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.4.2 India: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.4.3 India: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.6.5 South Korea: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.5.1 South Korea: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.5.2 South Korea: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.5.3 South Korea: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.6.6 Australia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.6.1 Australia: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.6.2 Australia: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.6.3 Australia: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.4.6.7 Rest of APAC: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.4.6.7.1 Rest of APAC: Revenue Assurance for BFSI Market Breakdown, by Component

10.4.6.7.2 Rest of APAC: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.4.6.7.3 Rest of APAC: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.5 Middle East and Africa

10.5.1 Middle East and Africa Revenue Assurance for BFSI Market Overview

10.5.2 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.5.3 Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Component

10.5.3.1 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Component

10.5.4 Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.5.4.1 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Deployment

10.5.5 Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.5.5.1 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Organization Size

10.5.6 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.5.6.1 Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast Analysis – by Country

10.5.6.2 Saudi Arabia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.5.6.2.1 Saudi Arabia: Revenue Assurance for BFSI Market Breakdown, by Component

10.5.6.2.2 Saudi Arabia: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.5.6.2.3 Saudi Arabia: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.5.6.3 United Arab Emirates: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.5.6.3.1 United Arab Emirates: Revenue Assurance for BFSI Market Breakdown, by Component

10.5.6.3.2 United Arab Emirates: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.5.6.3.3 United Arab Emirates: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.5.6.4 South Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.5.6.4.1 South Africa: Revenue Assurance for BFSI Market Breakdown, by Component

10.5.6.4.2 South Africa: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.5.6.4.3 South Africa: Revenue Assurance for BFSI Market Breakdown, by Organization Size

10.5.6.5 Rest of Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

10.5.6.5.1 Rest of Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Component

10.5.6.5.2 Rest of Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Deployment

10.5.6.5.3 Rest of Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Organization Size

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players

11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview

12.2 Market Initiative

12.3 Product News & Company News

12.4 Collaboration and Mergers & Acquisitions

13. Company Profiles

13.1 Allibius

13.1.1 Key Facts

13.1.2 Business Description

13.1.3 Products and Services

13.1.4 Financial Overview

13.1.5 SWOT Analysis

13.2 SSPL

13.2.1 Key Facts

13.2.2 Business Description

13.2.3 Products and Services

13.2.4 Financial Overview

13.2.5 SWOT Analysis

13.3 Sunoida Solutions DMCC

13.3.1 Key Facts

13.3.2 Business Description

13.3.3 Products and Services

13.3.4 Financial Overview

13.3.5 SWOT Analysis

13.4 Claptek Private Limited

13.4.1 Key Facts

13.4.2 Business Description

13.4.3 Products and Services

13.4.4 Financial Overview

13.4.5 SWOT Analysis

13.5 PROCEPT AFRICA

13.5.1 Key Facts

13.5.2 Business Description

13.5.3 Products and Services

13.5.4 Financial Overview

13.5.5 SWOT Analysis

13.6 Sagacity Solutions

13.6.1 Key Facts

13.6.2 Business Description

13.6.3 Products and Services

13.6.4 Financial Overview

13.6.5 SWOT Analysis

13.7 SunTec Business Solutions

13.7.1 Key Facts

13.7.2 Business Description

13.7.3 Products and Services

13.7.4 Financial Overview

13.7.5 SWOT Analysis

13.8 Intelli Solutions S.A.

13.8.1 Key Facts

13.8.2 Business Description

13.8.3 Products and Services

13.8.4 Financial Overview

13.8.5 SWOT Analysis

13.9 Oracle Corp

13.9.1 Key Facts

13.9.2 Business Description

13.9.3 Products and Services

13.9.4 Financial Overview

13.9.5 SWOT Analysis

13.10 Subex Ltd

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

List of Tables

Table 1. Revenue Assurance for BFSI Market Segmentation

Table 2. List of Vendors

Table 3. Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Table 4. Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million) – by Component

Table 5. Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million) – by Deployment

Table 6. Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million) – by Organization Size

Table 7. North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 8. North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 9. North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 10. North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 11. United States: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 12. United States: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 13. United States: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 14. Canada: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 15. Canada: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 16. Canada: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 17. Mexico: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 18. Mexico: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 19. Mexico: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 20. Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 21. Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 22. Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 23. Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 24. France: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 25. France: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 26. France: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 27. United Kingdom: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 28. United Kingdom: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 29. United Kingdom: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 30. Germany: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 31. Germany: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 32. Germany: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 33. Italy: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 34. Italy: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 35. Italy: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 36. Russia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 37. Russia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 38. Russia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 39. Rest of Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 40. Rest of Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 41. Rest of Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 42. Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 43. Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 44. Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 45. Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 46. China: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 47. China: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 48. China: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 49. Japan: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 50. Japan: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 51. Japan: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 52. India: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 53. India: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 54. India: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 55. South Korea: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 56. South Korea: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 57. South Korea: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 58. Australia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 59. Australia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 60. Australia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 61. Rest of APAC: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 62. Rest of APAC: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 63. Rest of APAC: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 64. Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 65. Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 66. Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 67. Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Country

Table 68. Saudi Arabia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 69. Saudi Arabia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 70. Saudi Arabia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 71. United Arab Emirates: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 72. United Arab Emirates: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 73. United Arab Emirates: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 74. South Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 75. South Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 76. South Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 77. Rest of Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Component

Table 78. Rest of Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Deployment

Table 79. Rest of Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million) – by Organization Size

Table 80. List of Abbreviation

List of Figures

Figure 1. Revenue Assurance for BFSI Market Segmentation, by Geography

Figure 2. PEST Analysis

Figure 3. Ecosystem: Revenue Assurance for BFSI Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Revenue Assurance for BFSI Market Breakdown by Geography, 2023 and 2031 (%)

Figure 6. Revenue Assurance for BFSI Market Revenue (US$ Million), 2021–2031

Figure 7. Revenue Assurance for BFSI Market Share (%) – by Component (2023 and 2031)

Figure 8. Solution: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. Services: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 10. Revenue Assurance for BFSI Market Share (%) – by Deployment (2023 and 2031)

Figure 11. Cloud: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. On-Premise: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 13. Revenue Assurance for BFSI Market Share (%) – by Organization Size (2023 and 2031)

Figure 14. Large Enterprises: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 15. SMEs : Revenue Assurance for BFSI Market – Revenue and Forecast to 2031 (US$ Million)

Figure 16. Revenue Assurance for BFSI Market Breakdown by Region, 2023 and 2031 (%)

Figure 17. North America: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 18. North America: Revenue Assurance for BFSI Market Breakdown, by Component (2023 and 2031)

Figure 19. North America: Revenue Assurance for BFSI Market Breakdown, by Deployment (2023 and 2031)

Figure 20. North America: Revenue Assurance for BFSI Market Breakdown, by Organization Size (2023 and 2031)

Figure 21. North America: Revenue Assurance for BFSI Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 22. United States: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 23. Canada: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 24. Mexico: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 25. Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 26. Europe: Revenue Assurance for BFSI Market Breakdown, by Component (2023 and 2031)

Figure 27. Europe: Revenue Assurance for BFSI Market Breakdown, by Deployment (2023 and 2031)

Figure 28. Europe: Revenue Assurance for BFSI Market Breakdown, by Organization Size (2023 and 2031)

Figure 29. Europe: Revenue Assurance for BFSI Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 30. France: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 31. United Kingdom: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 32. Germany: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 33. Italy: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 34. Russia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 35. Rest of Europe: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 36. Asia Pacific: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 37. Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Component (2023 and 2031)

Figure 38. Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Deployment (2023 and 2031)

Figure 39. Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Organization Size (2023 and 2031)

Figure 40. Asia Pacific: Revenue Assurance for BFSI Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 41. China: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 42. Japan: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 43. India: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 44. South Korea: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 45. Australia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 46. Rest of APAC: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 47. Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 48. Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Component (2023 and 2031)

Figure 49. Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Deployment (2023 and 2031)

Figure 50. Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Organization Size (2023 and 2031)

Figure 51. Middle East and Africa: Revenue Assurance for BFSI Market Breakdown, by Key Countries, 2023 and 2031 (%)

Figure 52. Saudi Arabia: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 53. United Arab Emirates: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 54. South Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 55. Rest of Middle East and Africa: Revenue Assurance for BFSI Market – Revenue and Forecast to 2031(US$ Million)

Figure 56. Heat Map Analysis by Key Players

Figure 57. Company Positioning & Concentration

The List of Companies - Revenue Assurance for BFSI Market

  1. Allibius
  2. SSPL
  3. Sunoida Solutions DMCC
  4. Claptek Private Limited
  5. PROCEPT AFRICA
  6. Sagacity Solutions
  7. SunTec Business Solutions
  8. Intelli Solutions S.A
  9. Oracle Corp
  10. Subex Ltd

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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