Telecom Billing and Revenue Management Market by Growing Technology Trends 2027 - Accenture, Alcatel-Lucent, Amdocs, Cerillion, CSG Systems International, Ericsson, goTransverse International

The Telecom Billing and Revenue Management industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Telecom Billing and Revenue Management production, supply, sales and market status.

The global telecom billing and revenue management market was valued at US$ 16.5 Bn in 2018 and is expected to grow at a CAGR of 16.2% during the forecast period, to reach US$ 62.5 Bn by 2027.

The telecom billing and revenue management solutions and services are used by various communication services providers across the world to grow their revenue by enhancing telecom networks. Such solutions and services empower the telecom service providers in fraud management and fraud detection resulting in decreased operational costs.

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The report enables you to-

• Formulate significant competitor information, analysis, and insights to improve R&D strategies
• Identify emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
• Identify and understand important and diverse types of Telecom Billing and Revenue Management under development
• Develop market entry and market expansion strategies
• Plan mergers and acquisitions effectively by identifying major players with the most promising pipeline
• In-depth analysis of the product's current stage of development, territory and estimated launch date

Additionally, these telecom billing and revenue management solutions and services help telecom service providers in introducing new services in the market together with improving customer experience with real-time account recharging services. Moreover, with the rise in networks, services, and solutions, telecom operators sustain high operational costs.

Therefore, growing operating costs are producing demand for advanced telecom billing and revenue management solutions. The factors that are supporting the growth of the market also include a rapidly growing telecommunication sector, deployment of various innovative services, and a growing number of customers.

Leading Key Players:

• Accenture PLC
• Alcatel-Lucent S.A.
• Amdocs, Inc.
• Cerillion PLC
• CSG Systems International, Inc.
• Ericsson
• goTransverse International, Inc.
• Hewlett-Packard Development Company, L.P.
• Huawei Technologies Co., Ltd.
• NEC Corporation

Telecom operators and CSPs worldwide are facing complexity in managing systems, scaling network infrastructure and catering to the ever-increasing consumer base. Attaining high operational efficiency along with improved revenue management and collection is one of the top priorities and requirements for the telecom operators and CSPs. Efficient cloud-based billing solutions provide telecom operators and CSP’s ease to effectively monitor subscriber service usage according to the service plans and charge accordingly.

The constant urge and requirement for providing rich communication services and improved high-quality customer experiences are cajoling telecom billing and revenue management solution and services providers to further develop such solutions and services, which are compatible and at-par for full filling the dynamic requirement and demand of end-users with improved scalability, flexibility, and functionality.

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Global Telecom Billing and Revenue Management Market

Global Telecom Billing and Revenue Management Market – By Component

• Solution
• Billing Management
• Account Management
• Services
• Professional Services
• Managed services

Global Telecom Billing and Revenue Management Market – By Type

• Telecom Billing
• Cloud Billing
• IoT Billing

Global Telecom Billing and Revenue Management Market – By Deployment Type

• On-Premise
• Cloud-Based
• Hybrid

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This release was published on openPR.