USD 13.3 billion
Report ID: SQSG50B2004 | Region: Global | Published Date: November, 2022 | Pages: 157 | Tables: 97 | Figures: 76
Global Telecom Billing Revenue Management System Market size was valued at USD 13.3 billion in 2021 and is poised to grow from USD 14.69 billion in 2022 to USD 34.5 billion by 2030, growing at a CAGR of 10.39% in the forecast period (2023-2030).
The rising preference by organizations for detecting and mitigating revenue leakages with unified workflow and automated payment solutions, as well as the importance that organizations place on determining the profitability and value that customers bring to the business, can all contribute to the market's expansion.
Additionally, the market is seeing prospects for development because of the telecom sector's expanding expansion, rising investments, and rising use of cloud-based software services. By optimizing telecom networks, communication service providers utilize global telecom billing and revenue management systems value to increase their income. These solutions increasingly leverage cloud-based software as a service to enhance user experiences and boost performance. However, the market's expansion may be hampered by strict telecom rules and a shortage of qualified specialists.
US Telecom Billing Revenue Management System Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 13.3 billion
To get more reports on the above market click here to Buy The Report
The Global Telecom Billing Revenue Management System Market is segmented based on the Solution, Deployment Type, Telecom Operator, and Region. Based on the Solution, the Global Telecom Billing Revenue Management System Market is segmented as Software (Billing and Charging, Partner and Interconnect Management, Revenue Assurance, Fraud Management) and Services (Professional Services and Managed Services). Based on the Deployment Type, the Global Telecom Billing Revenue Management System Market is segmented as On-Premises and Cloud. Based on the telecom operator, the Global Telecom Billing Revenue Management System Market is segmented as Mobile Operators (Mobile Network Operator [MNO], Mobile Virtual Network Operator [MVNO], and Mobile Virtual Network Enabler [MVNE]) and Internet Service Providers (ISPs), Satellite Communication Providers, and Cable Network Providers. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Telecom Billing Revenue Management System Market Analysis by Deployment Type
During the forecast period, the on-premises category is anticipated to have a greater telecom billing revenue management system market share. Customer premises solutions are another name for on-premises telecom billing and revenue management systems. The most common, conventional, and in-demand deployment type among operators is this one. Since the infrastructure is already in place and can be utilized, the bulk of telecom operators continues with on-premises solutions in order to save money on infrastructure modification. Better system and data control are provided by on-premises deployment types, which also need sophisticated IT and networking equipment as well as a dedicated IT team for upkeep and support. Low levels of data security issues associated with on-premises implementation are anticipated to encourage clients to choose on-premises telecom billing and revenue management systems.
To get detailed analysis on other segments, Request For Sample Report
North America held the largest Global Telecom Billing Revenue Management System Market share in 2021. Some of the most prosperous companies in the world, like HPE and Enghouse Networks, are based in North America. However, the market's growth is decreasing as the North American telecom industry reaches maturity.
China, Japan, India, and the rest of Asia-Pacific are likely to dominate the regional market share, which is predicted to grow at the quickest rate over the projection period. This surge has been fueled by quick economic growth, a growing cellular subscriber base, an increase in smartphone use, rapid OTT platform expansion, and digital innovation in important countries like the United States. The Europe Telecom Billing & Revenue Management Market is anticipated to expand significantly over the course of the forecasted year. The portfolios of telecom service providers are continually expanded with new services, which raises the need for efficient billing and revenue management systems and solutions.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Telecom Billing Revenue Management System Market Driver
Maximizing Revenue from Customers to Drive Market Growth
Expansion of Telecom Industry to Favor Global Market
Telecom Billing Revenue Management System Market Restraint
Strict Government Regulations
Speak to one of our ABIRAW analyst for your custom requirements before the purchase of this report
The Global Telecom Billing Revenue Management System market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability.
Top Player's Company Profiles in Telecom Billing Revenue Management System Market
Telecom Billing Revenue Management System Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Telecom Billing Revenue Management System Market Analysis, the telecom billing & revenue management market is being driven by reasons such as the rise in mobile users, the transition of CSPs to DSPs, and the expansion of telecom sector players. In addition, the software's scalability enables it to go beyond already established areas when more customers, partners, and providers enter the market.
|Market size value in 2021||USD 13.3 billion|
|Market size value in 2030||USD 14.69 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
Free report customization with purchase. Customization includes:-
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Telecom Billing Revenue Management System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Telecom Billing Revenue Management System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Telecom Billing Revenue Management System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Telecom Billing Revenue Management System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "
- Mr. Ali Zali, Commercial Director, ICIIC Iran.