Global Telecom Billing & Revenue Management Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Telecom Billing & Revenue Management Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped regions and countries. It also covers threats or challenges for existing as well as new entrants in the market. The global telecom billing & revenue management market has been segmented on the basis of component, deployment model, operator type, as well as regions and countries.
Telecom billing & revenue management solutions are utilized by communication service providers from across the globe to efficiently manage their revenue. These solutions equip telecom service providers with fraud detection and management capabilities, allowing them to reduce operational costs or expenses incurred.
The exponential growth of the telecommunications sectors, coupled with the implementation of advanced innovations, as well as a surging base or users are some of the primary factors that are expected to boost the revenue growth of the global telecom billing & revenue management market over the next 10 years.
Furthermore, the increasing importance of identifying customer value, as well as the intensifying ability of service providers to identify and mitigate revenue leaks through automated payment processing solutions and unified workflows are also factors that are expected to impact future revenue growth of this global market. There has been a significant increase in the demand for telecom billing & revenue management solutions by service providers to allow them to cater to the demands of their clientele efficiently. Moreover, newfangled billing & revenue management solutions that are enabling service providers to offer innovative and agile services (e.g. Over-The-Top services), as well as cost-efficient consumer experiences are other factors that are expected to further fuel revenue growth of the global telecom billing & revenue management market in the years to come.
Segmentation of the global telecom billing & revenue management market is as follows:
In terms of component, the solutions segment accounted for the majority revenue shares of the global telecom billing & revenue management market in 2019, due to the numerous benefits they offer. The services segment is also anticipated to expand considerably over the coming years.
On the basis of deployment model, the on-premises deployment model segment accounted for the majority revenue share of this global market in 2019, owing to increasing investments being made by prominent enterprises towards the development of in-house software. However, the cloud-based segment is slated to register the fastest rate of revenue growth in the foreseeable future, due to benefits such as low investments costs, as well as increased agility and scalability.
With respect to operator type, the mobile operator segment accounted for the maximum number of revenue shares of this global market in 2019, owing to increasing mobile penetration on a global level, as well as high subscriber base growth. The internet service providers segment is also anticipated to index considerable revenue growth in the near future.
Regional Segmentation and Analysis:
North America accounted for the majority revenue shares of the global telecom billing & revenue management market in 2019, owing to the increasing demand from the telecom industry, as well as the implementation of advanced technologies in this sector.
Markets in the APAC region are expected to index considerable rates of revenue growth in the foreseeable future, due to improving billing & revenue management solutions, and increasing mobile penetration and data consumption in these given countries.
Segmentation of the Global Telecom Billing & Revenue Management Market:
Segmentation by Component:
- Billing and Charging
- Revenue Assurance
- Fraud Management
- Professional Services
- Managed Services
Segmentation by Deployment Model:
Segmentation by Operator Type:
- Mobile Operator
- Internet Service Providers
Segmentation by Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Accenture plc
- Amdocs Corporation
- Comarch SA.
- CSG Systems International Inc.
- Formula Telecom Solutions Ltd.
- HP Development Company L.P.
- Huawei Technologies Co. Ltd.
- Intracom Telecom
- Netcracker Technology Corp.
- Openet Corporation
- Optiva Inc.
- Oracle Corporation
- SAP SE
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