Expansion of Telecom Sector to Provide Opportunities for Revenue Assurance Market During 2022–2030
According to our latest study on " Middle East & Africa Revenue Assurance Market Share, Trends, and Growth Opportunity Analysis – by Component, Deployment, Organization Size, and Geography," the revenue assurance market size is estimated to grow US$ 381.20 million in 2022 to US$ 728.99 million by 2030; it is projected to grow at a CAGR of 8.4% from 2022 to 2030.
The expansion of the telecom industry presents a significant opportunity for the revenue assurance market to thrive and flourish in the MEA. The Telecommunications Regulatory Authority (TRA) of Oman has announced that the country's telecom sector attracted investments amounting to US$ 272.5 million in 2022. Based on data from the TRA, mobile communications accounted for 50% of the total assets, while fixed telecommunications services represented 24.8%. The remaining 25% was allocated to other services. In 2022, Oman witnessed the licensing of 24 additional postal services companies, bringing the total number of approved operators in the market to 48. This expansion not only increased competition but also resulted in the creation of 144 new job opportunities. During the same period, Oman's 5G technology made significant strides, with the deployment of 2,600 5G stations by the end of the year. Moreover, many buildings, specifically 658,471, were equipped with fiber-optic cables, enabling faster and more reliable connectivity. These developments in the telecommunications and postal sectors reflect the country's commitment to technological advancement and the growth of its digital infrastructure, thereby presenting a significant opportunity for the revenue assurance market growth in the MEA.
Revenue Assurance Market – by Geography, 2022
Middle East & Africa Revenue Assurance Market Size and Forecast (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component (Solution and Services); Deployment (On-premise and Cloud-based); Organization Size (SMEs and Large Enterprises), Vertical (BFSI, Hospitality, Telecom, Utilities, and Others), and Geography (Middle East & Africa)
Middle East & Africa Revenue Assurance Market to Grow at a CAGR of 8.4% to reach US$ 728.99 million from 2022 to 2030
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Source: The Insight Partners Analysis
Amdocs Ltd, Nokia Corp, Tata Consultancy Services Ltd, Subex Ltd, LATRO Services Inc, Araxxe SAS, Substratal Solutions Pvt Ltd, BDO South Africa Inc, Panamax Inc, and Adapt IT Holdings Proprietary Ltd are a few of the key firms operating in the revenue assurance market. several other major revenue assurance market players were also studied and analyzed during this revenue assurance market research study to get a holistic view of the market and its ecosystem. The revenue assurance market report provides detailed market insights, which help the key players strategize their growth.
The revenue assurance market in Oman has undergone substantial growth and transformation in recent years. The expansion of the telecom industry presents a significant opportunity for the revenue assurance market growth in Oman. The Telecommunications Regulatory Authority (TRA) of Oman has announced that the country's telecom sector attracted investments amounting to US$ 272.5 million in 2022. Based on data from the TRA, mobile communications accounted for 50% of the total assets, while fixed telecommunications services represented 24.8%. The remaining 25% was allocated to other services. In 2022, Oman witnessed the licensing of 24 additional postal services companies, bringing the total number of approved operators in the market to 48. This expansion not only increased competition but also resulted in the creation of 144 new job opportunities. During the same period, Oman's 5G technology made significant strides, with the deployment of 2,600 5G stations by the end of the year. Moreover, many buildings, specifically 658,471, were equipped with fiber-optic cables, enabling faster and more reliable connectivity.
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