TechNavio recognizes the following companies as the key players in the Global Communication Service Provider Financial Assurance Market: cVidya Networks Inc., Hewlett-Packard Co., Subex Ltd., and WeDo Technologies B.V.
Commenting on the report, an analyst from TechNavio’s Telecom team said: ”A highly intense competitive environment and significant decline in revenues have forced several telecom operators to check out of the Telecom industry. Hence, the Global Telecom industry is witnessing an increasing number of mergers and acquisitions. However, it poses a challenge to companies because after an acquisition process, multiple mediation, billing, and network system from different companies have to work together to generate bills. At that point, it is difficult to have an error-free revenue management system. Thus, telecom operators are adopting financial assurance solutions for reducing the revenue leakage and making their revenue management systems error free. Thus, the increasing use of financial assurance in mergers and acquisitions is an emerging trend in the market.”
According to the report, one of the main drivers in this market is the increasing need for revenue management. The dynamics of the Communication industry is changing rapidly because of the introduction of new technologies, convergence of multiple products and services, and the introduction of hundreds of price plans. With these rapidly changing market forces, many telecom operators are becoming more vulnerable to revenue leakages, and frauds. Hence, such forces are compelling telecom operators to continuously enhance their revenue management capabilities such as revenue assurance.
Further, the report states that the integration of financial assurance solutions with OSS and BSS is a major challenge in the market. As a result of the technological differences between telecom network vendors and the financial assurance solution providers, telecom service providers find it difficult to integrate the financial assurance solutions with their existing OSS and BSS solutions.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Advanced Technologies and Services Inc., Capana Inc., Cartesian Ltd., Comware Inc., Connectiva Systems Inc., Equinox Information Systems Inc., Martin Dawes Analytics Inc., Neural Technologies Ltd., Teleonto Technology Pvt. Ltd., Teoco Corp., and Xintec Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-communication-service-provider-f…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our Telecom market research, please visit https://www.technavio.com/telecom
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TechNavio Announces the Publication of its Research Report – Global Communication Service Provider Financial Assurance Market 2012-2016
