Africa 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)
The Africa revenue assurance market was valued at US$ 119.99 million in 2022 and is expected to reach US$ 210.05 million by 2030; it is estimated to record a CAGR of 7.3% from 2022 to 2030.
Rise in Internet Penetration Fuels Africa Revenue Assurance Market
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.
Africa Revenue Assurance Market Overview
The upsurge in mobile technology is one of the major factors propelling the revenue assurance industry growth in Africa. Mobile technology is set to play a crucial role in the way people live and businesses operate, enabling new digital solutions for both large and small enterprises and enhancing the support available to consumers through expanded online channels. The adoption of 4G technology has grown significantly in recent years, mainly due to the increasing demand for higher speeds, particularly among younger consumers. In the next five years, the adoption of 4G in Sub-Saharan Africa is projected to more than double, reaching a penetration rate of 45%. The momentum for 5G deployment is also gaining traction, with an initial focus on urban areas and industrial locations with greater demand for advanced connectivity. The introduction of 5G is expected to contribute US$ 11 billion to the Sub-Saharan African economy by 2030, accounting for over 6% of the overall economic impact of the mobile industry.
Africa Revenue Assurance Market Revenue and Forecast to 2030 (US$ Million)
Africa Revenue Assurance Market Segmentation
The Africa revenue assurance market is categorized into components, deployment, organization size, vertical, and country.
Based on component, the Africa revenue assurance market is bifurcated into solution and services. The solution segment held a larger market share in 2022.
Based on deployment, the Africa 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 Africa 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 Africa 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 Africa revenue assurance market is segmented into the Northern Africa, Western Africa, Southern Africa, Eastern Africa, and Central Africa. Northern Africa dominated the Africa revenue assurance market share in 2022.
Nokia Corp, Tata Consultancy Services Ltd, Amdocs, BDO South Africa Inc, Araxxe SAS, Panamax Inc, and Adapt IT Holding Proprietary Ltd are some of the leading companies operating in the Africa revenue assurance market.
TABLE OF CONTENTS
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 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Africa 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. Africa 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 - Africa Market Analysis
6.1 Revenue Assurance Market Revenue (US$ Million), 2020-2030
6.2 Revenue Assurance Market Forecast Analysis
7. Africa 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. Africa 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. Africa 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. Africa 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. Africa Revenue Assurance Market - Country Analysis
11.1 Africa Revenue Assurance Market Overview
11.1.1 Africa: Revenue Assurance Market - Revenue and Forecast Analysis - by Country
11.1.1.1 Africa: Revenue Assurance Market - Revenue and Forecast Analysis - by Country
11.1.1.2 Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.2.1 Northern Africa: Revenue Assurance Market Breakdown, by Component
11.1.1.2.2 Northern Africa: Revenue Assurance Market Breakdown, by Deployment
11.1.1.2.3 Northern Africa: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.2.4 Northern Africa: Revenue Assurance Market Breakdown, by Vertical
11.1.1.3 Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.3.1 Western Africa: Revenue Assurance Market Breakdown, by Component
11.1.1.3.2 Western Africa: Revenue Assurance Market Breakdown, by Deployment
11.1.1.3.3 Western Africa: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.3.4 Western Africa: Revenue Assurance Market Breakdown, by Vertical
11.1.1.4 Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.4.1 Southern Africa: Revenue Assurance Market Breakdown, by Component
11.1.1.4.2 Southern Africa: Revenue Assurance Market Breakdown, by Deployment
11.1.1.4.3 Southern Africa: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.4.4 Southern Africa: Revenue Assurance Market Breakdown, by Vertical
11.1.1.5 Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.5.1 Eastern Africa: Revenue Assurance Market Breakdown, by Component
11.1.1.5.2 Eastern Africa: Revenue Assurance Market Breakdown, by Deployment
11.1.1.5.3 Eastern Africa: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.5.4 Eastern Africa: Revenue Assurance Market Breakdown, by Vertical
11.1.1.6 Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
11.1.1.6.1 Central Africa: Revenue Assurance Market Breakdown, by Component
11.1.1.6.2 Central Africa: Revenue Assurance Market Breakdown, by Deployment
11.1.1.6.3 Central Africa: Revenue Assurance Market Breakdown, by Organization Size
11.1.1.6.4 Central Africa: 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 BDO South Africa 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
14.6 Panamax Inc
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Adapt IT Holdings Proprietary Ltd
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
List of Tables
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. Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Country
Table 9. Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 10. Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 11. Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size
Table 12. Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical
Table 13. Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 14. Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 15. Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size
Table 16. Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical
Table 17. Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 18. Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 19. Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size
Table 20. Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical
Table 21. Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 22. Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 23. Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size
Table 24. Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical
Table 25. Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Component
Table 26. Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Deployment
Table 27. Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Organization Size
Table 28. Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million) - by Vertical
Table 29. Heat Map Analysis
Table 30. List of Abbreviation
List of Figures
Figure 1. Revenue Assurance Market Segmentation, by Regions
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. Africa: Revenue Assurance Market, by Key Regions - Revenue (2022) (US$ Million)
Figure 23. Africa: Revenue Assurance Market Breakdown, by Key Countries, 2022 and 2030 (%)
Figure 24. Northern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
Figure 25. Western Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
Figure 26. Southern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
Figure 27. Eastern Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
Figure 28. Central Africa: Revenue Assurance Market - Revenue and Forecast to 2030 (US$ Million)
Figure 29. Company Positioning & Concentration
1. Nokia Corp
2. Tata Consultancy Services Ltd
3. Amdocs
4. Araxxe SAS
5. BDO South Africa Inc
6. Panamax Inc
7. Adapt IT Holdings Proprietary Ltd
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Africa revenue assurance market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Africa revenue assurance market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Africa market trends and outlook coupled with the factors driving the Africa revenue assurance market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.