SNS Insider, a leading research firm, unveils the latest insights into the Telecom Billing and Revenue Management Market. In 2022, this dynamic market was valued at a staggering USD 17.35 billion and is on a growth trajectory, expected to reach USD 40.58 billion by 2030, at a remarkable CAGR of 11.2% over the forecast period of 2023-2030.
Market Overview
The Telecom Billing and Revenue Management market revolves around efficiently managing telecommunications billing, payment collection, communication services, and data utilization. These solutions are vital for telecommunication and digital service providers as they optimize telecom networks, enhancing operational efficiency. Over the last decade, the global telecom landscape has transformed drastically, with the emergence of cloud-native businesses and the migration of content, applications, and services to the cloud.
Market Analysis
The process involves calculating billing and charging information, managing customer payments and invoices, and tracking data usage. Telecom billing and revenue management solutions are extensively employed by service providers to optimize their telecom networks. As the telecom industry expands, it is expected to drive the demand for these solutions and services.
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Key Players Included in this Report are:
- Accenture plc
- Cerillion
- Comarch SA
- CSG Systems International Inc
- HP Development Company L.P
- Huawei Technologies Co. Ltd.
- Intracom Telecom
- Mahindra Comviva
- Oracle Corporation
- SAP SE
- Others
Segmentation Analysis
By Component: The solutions segment holds a dominant market share of 65%. This is attributed to the growing adoption of these solutions and the myriad benefits they offer. Telecom billing and revenue management providers offer both standalone and integrated software solutions.
By Deployment Model: The on-premises deployment model leads the market with a substantial revenue share of 71%. Large enterprises favor this model due to their investments in in-house software deployment. Despite the growth of the cloud model, on-premises solutions remain highly preferred, as they leverage existing infrastructure, saving on infrastructure costs.
Market Segmentation and Sub-Segmentation Included are:
On The Basis of Component
- Solution
- Billing Management
- Account Management
- Others
- Services
- Professional Services
- Managed services
On The Basis of Deployment Model
- On-premises
- Cloud
On The Basis of Operator Type
- Mobile Operator
- Internet Service Providers
Key Regional Development
North America spearheads the market with a significant revenue share of 37%. The United States, in particular, dominates the market, driven by its adoption of advanced technologies such as IoT, 5G, analytics, and cloud. Innovative startups and key industry players, including Oracle Corporation and CSG Systems International, Inc., contribute to regional growth.
Key Takeaway
The Asia Pacific region is poised to exhibit an impressive CAGR of over 14.3% over the forecast period, primarily due to the increasing demand for innovative billing and revenue management solutions and services.
The competitive landscape of the global telecom industry, characterized by innovations in network capabilities and customer experience management enhancements, enables mobile operators to focus on strategies that facilitate new product and service.
Recent Developments
In January 2023, Ericsson and Ooredoo Kuwait collaborated to implement Ericsson billing across their networks. This update empowered competitive marketing strategies for 5G products and supported the evolution of 5G across Ooredoo Kuwait’s network.
Also in January 2023, NEC Corporation provided NTT DOCOMO with a charging gateway function (CGF) for high-performance billing information processing. The CGF facilitates quick launches, provisioning, and monetization of new services by organizing a diverse range of billing information from 5GC and connecting to the BSS.
In January 2020, Mobility joined forces with Ericsson to digitally transform the government and private sector in Saudi Arabia using Ericsson’s end-to-end solutions, accelerating the rollout of digital services and expanding IoT usage.
Table of Contents- Major Key Points
- Introduction
- Research Methodology
- Market Dynamics
- Impact Analysis
- COVID-19 Impact Analysis
- Impact of Ukraine- Russia war
- Impact of Ongoing Recession on Major Economies
- Value Chain Analysis
- Porter’s 5 Forces Model
- PEST Analysis
- Telecom Billing and Revenue Management Market Segmentation, by Component
- Telecom Billing and Revenue Management Market Segmentation, by Deployment Model
- Telecom Billing and Revenue Management Market Segmentation, By Operator Type
- Regional Analysis
- Company Profile
- Competitive Landscape
- USE Cases and Best Practices
- Conclusion