Telecom Billing and Revenue Management Market - Detailed Analysis of Current and Future Industry Figures till 2027 | Accenture, Alcatel-Lucent, Amdocs, Cerillion, CSG Systems, Ericsson, goTransverse, Hewlett-Packard, Huawei, NEC, Oracle, Redknee, SAP SE,

“Telecom Billing and Revenue Management Industry Report″ is a direct appreciation by The Insight Partners of the market potential. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative of Telecom Billing and Revenue Management Market.

The telecom industry has experienced massive growth in the last decade, and it is highly competitive in nature. This industry has experienced paradigm shifts from wire line communications systems and equipment to wireless equipment. In addition, the improving need for uninterrupted connectivity worldwideis a key factor fueling the growth of the telecom industry. Inception of various new technologies and trends such as Internet of Things (IoT), Machine to Machine (M2M) communication, Software Defined networking (SDN), and Network Functions Virtualization (NFV), and increase in the use of social media for information exchange and interaction have massively impacted the way telecom companies operate as well as provide solutions and services.

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.

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.

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The reports cover key developments in the Telecom Billing and Revenue Management market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Telecom Billing and Revenue Management market are anticipated to lucrative growth opportunities in the future with the rising demand for Telecom Billing and Revenue Management market in the global market.

Key Players Influencing the Market

• 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
• Oracle Corporation
• Redknee, Inc.
• SAP SE
• XURA

The “Global Telecom Billing and Revenue Management Market Analysis to 2027” is a specialized and in-depth study of the technology, media and telecommunications industry with a special focus on the global market trend analysis. The report aims to provide an overview of Telecom Billing and Revenue Management market with detailed market segmentation by component, deployment type, industry vertical, and geography. The global Telecom Billing and Revenue Management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Telecom Billing and Revenue Management market players and offers key trends and opportunities in the market.

The global Telecom Billing and Revenue Management market is segmented on the basis of type and application. Based on type, the market is segmented into reward based funding, donation, equity Telecom Billing and Revenue Management, and others. On the basis of application, the Telecom Billing and Revenue Management market is segmented into non-profit organization, education, medical, entertainment, private enterprise, and others.

Besides this, the report analyzes factors affecting Telecom Billing and Revenue Management market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Telecom Billing and Revenue Management Market report.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Telecom Billing and Revenue Management market based on the type and application. It also provides market size and forecast till 2027 for overall Telecom Billing and Revenue Management market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

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Answers that the report acknowledges:

• Market size and growth rate during forecast period.
• Key factors driving the Telecom Billing and Revenue Management Market.
• Key market trends cracking up the growth of the Telecom Billing and Revenue Management Market.
• Challenges to market growth.
• Key vendors of Telecom Billing and Revenue Management Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Telecom Billing and Revenue Management Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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This release was published on openPR.