Monday, May 16, 2022

Telecom Billing and Revenue Management Market Share, Revenue, Drivers, Trends and Influence Factors Historical & Forecast Till 2024

According to a research report "Telecom Billing and Revenue Management Market major factors expected to drive the growth include the growing number of cellular or mobile subscribers, the evolution of Communications Service Providers (CSPs) to Digital Services Providers (DSPs), and increasing complexities in revenue sharing across the telecom ecosystem. Telecom Billing and Revenue Management Market provide detailed information about the major factors (drivers, opportunities, threats, and challenges) influencing the growth of the market - Global Forecast to 2024" published by MarketsandMarkets. The global telecom billing and revenue management market to grow from USD 10.8 billion in 2019 to USD 18.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 10.8% during the forecast period.

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Billing and charging segment to record the highest growth rate during the forecast period

Under the software segment, the billing and charging management segment is expected to grow at the highest CAGR during the forecast period. The billing and charging solution enables operators to support different lines of businesses on a single platform by aggregating data from numerous billing tools and generating a single invoice. The solution consolidates all the financial transactions associated with customer billing accounts over a certain period into a single bill. It helps service providers exchange billing data and invoices, and share revenue or cost information with partners, thereby empowering operators to maintain billing accuracy and improve customer experience by enabling the end-to-end management of disputes and adjustments.

Mobile operators segment to record a higher CAGR during the forecast period

In the telecom billing and revenue management market by telecom operator type, the mobile operators segment is expected to record a higher CAGR during the forecast period. The total number of mobile operators is 750 around the world, as per the report by GSMA. Due to increased competition, the mobile operator focuses on network, service, and end-user-related data to deliver optimal service performance and customer experience management. The solution enables Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) to accelerate new product or service launches, supported by the robust revenue-sharing model. It supports full automation of business processes and monetizes all MVNO offering types from voice, short message service (SMS), data, and digital to Internet of Things (IoT) services for 3G, 4G, and 5G.

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North America to hold the largest market size during the forecast period

 

North America is expected to hold the largest market size in the global telecom billing and revenue management market during the forecast period. The US has emerged as the largest country for the market in terms of market size, due to the heavy adoption of advanced technologies, such as 5G, cloud, analytics, and IoT, across the US organizations. Moreover, the US is one of the most advanced countries in the world in terms of technology adoption, which is known for its innovative and disruptive startups.

 

Key and emerging market players include Amdocs (US), Netcracker (NEC Corporation [Japan]), CSG International (US), Oracle (US), Ericsson (Sweden), Huawei (China), Cerillion (UK), Mahindra Comviva (India), Optiva (Canada), Comarch S.A. (Poland), Nokia (Finland), SAP (Germany), HPE (US), Openet (Ireland), TEOCO (US), Intracom Telecom (Greece), Enghouse Networks (Canada), Nexign (Russia), Bearing Point (Netherlands), FTS (Israel), Subex (India), Sterlite Technologies (India), Tecnotree (Finland), Zuora (US), and Apttus (US).

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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