- With a market share of more than 20 percent, the company is the clear leader in this growing market
MOUNTAIN VIEW, California, Feb. 11, 2013 /PRNewswire/ -- Based on its recent analysis of the communications service provider (CSP) financial assurance sector, Stratecast | Frost & Sullivan recognizes Subex with the 2012 Stratecast Global Market Share Leadership Award in the CSP Financial Assurance Sector. In a fragmented market with 28 identified suppliers, Subex is the current market share leader with a 20 percent stake.
In its simplest form, CSP financial assurance is traditional revenue assurance, including revenue leakage analysis and financial fraud management. These functions are enhanced with modern computing and analytical tools to yield near real-time analysis of business and operations data when needed. Financial assurance also involves cost and margin analysis to improve revenue accountability as partner and supplier relationships expand, and business models evolve.
"An important and growing market that was estimated at $470 million in 2012, CSP financial assurance is expected to expand at a compound annual growth rate (CAGR) of 12.8 percent to reach $765 million by 2016," said Karl Whitelock, Stratecast Director of Global OSS/BSS Strategy. "Subex is clearly an industry leader as evidenced by most communications service providers (CSPs) mentioning Subex as one of the first names that come to mind with demonstrated revenue leakage, fraud management and margin analysis capabilities."
The Subex Revenue Operations Center (ROC) portfolio includes ROC Revenue Assurance, ROC Fraud Management and ROC Cost Management, which addresses end-to-end needs in the financial assurance domain. The company's revenue management solutions are also revenue leaders within each prospective market segment.
Overall, Subex is set to outpace competition and grow its market share further in the coming months. In recognition of its robust growth and potential, Frost & Sullivan is pleased to present the 2012 Stratecast Global Market Share Leadership Award in the CSP Financial Assurance Sector. Frost & Sullivan regularly presents this award to the company that has demonstrated excellence in capturing the highest market share within this target market.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Subex Limited is a leading global provider of Business Support Systems (BSS) that empowers communications service providers (CSPs) to achieve competitive advantage through Business Optimisation - thereby enabling them to improve their operational efficiency to deliver enhanced service experiences to subscribers.
The company pioneered the concept of a Revenue Operations Center (ROC®) – a centralized approach that sustains profitable growth and financial health through coordinated operational control. Subex's product portfolio powers the ROC and its best-in-class solutions such as revenue assurance, fraud management, credit risk management, cost management, route optimization, data integrity management and interconnect / inter-party settlement.
Subex also offers a scalable Managed Services program and has been the market leader in Revenue Assurance and Fraud Management according to Gartner (2010 & 2011). Subex has also been enjoying market leadership in Business Optimisation for five consecutive years according to Analysys Mason (2007, 2008, 2009, 2010 & 2011). Business Optimisation includes fraud, revenue assurance, analytics, cost management and credit risk management. Subex has been awarded the Global Telecoms Business Innovation Award for 2012 along with Idea Cellular and 2011 along with Swisscom for fraud management
Subex's customers include 28 of top 50 operators* and 33 of the world's 50 Biggest# telecommunications service providers worldwide. The company has more than 300 installations across 70 countries.
*GTB Carrier Guide, 2011
#Forbes' Global 2000 list, 2011
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