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Telecom Billing and Revenue Management Market Fueled by Ever-Expanding Telecom Industry

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Telecom Billing and Revenue Management Market Report Scope and Overview

The SNS Insider report indicates that the Telecom Billing and Revenue Management Market was valued at USD 13.01 Billion in 2023. It is estimated to reach USD 26.67 Billion by 2031 and grow at a CAGR of 9.39% over the forecast period 2024-2031.

The report highlights a growing demand for telecom billing and revenue management solutions driven by several factors. The burgeoning telecom industry, with its expanding subscriber base and deployment of advanced services like 5G, necessitates robust billing systems to handle complex service offerings and data usage. Traditional billing methods struggle to keep pace with this complexity, leading to revenue leakage and inefficiencies. Telecom billing and revenue management solutions address these issues by automating billing processes, streamlining customer interactions, and providing real-time insights into network performance.

Furthermore, the increasing number of mobile and internet subscribers creates challenges for telecom operators. Network congestion, declining service quality, and service outages negatively impact customer experience and revenue generation. Telecom billing and revenue management solutions empower operators to optimize network resources, identify bottlenecks, and proactively address issues, ultimately enhancing service quality and customer satisfaction.

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Some of the Major Key Players Studied in this Report are:

  • Accenture
  • Cerillion
  • Comarch SA
  • CSG Systems International
  • HP Development Company
  • Huawei Technologies
  • Intracom Telecom
  • Mahindra Comviva
  • Oracle Corporation
  • SAP SE
  • Others

Telecom Billing and Revenue Management Market Report

Segmentation Analysis

Based on deployment type, the market is divided into on-premises and cloud segments. On-premises solutions, the traditional deployment model, are expected to maintain dominance during the forecast period. These solutions offer telecom operators greater control over their data and infrastructure, a critical factor for security-conscious operators. Additionally, existing infrastructure investments make on-premises solutions cost-effective for established operators.

However, the cloud segment is gaining traction due to its scalability, flexibility, and cost-efficiency. Cloud-based solutions eliminate the need for upfront infrastructure investment and provide on-demand scalability, making them attractive for new entrants and operators seeking to expand their service offerings.

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

Impact of Global Disruptions

The global market has not been immune to recent disruptions. The Russian-Ukraine war has significantly impacted the market through supply chain disruptions and economic sanctions. Shortages of essential telecom equipment, coupled with financial restrictions, have hampered the deployment and upgrading of telecom billing systems. Additionally, heightened cybersecurity concerns have increased operational costs for telecom providers.

Furthermore, the global economic slowdown has presented challenges. Market volatility, particularly in energy prices, has complicated pricing models for telecom operators. Despite these headwinds, the long-term growth prospects for the market remain positive.

Key Regional Development

North America currently dominates the market, housing leading companies like HPE and Enghouse Networks. However, its growth is expected to decelerate due to a maturing telecom industry.

The Asia Pacific region, driven by rapid economic development, rising smartphone penetration, and digital innovation, is poised for the fastest growth during the forecast period. Increased adoption of OTT platforms and constant expansion of telecom infrastructure in countries like China and India further propel regional market growth.

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Recent developments

In January 2023: NEC Corporation supplied NTT DOCOMO with a charging gateway function (CGF) to enhance the high-performance processing of billing information. The CGF streamlines the launch, provision, and monetization of new services by organizing the diverse billing data from the 5GC and connecting it to the BSS (Business Support System).

Key Takeaways

  • The ever-expanding telecom industry and need for efficient network management are driving the growth of the telecom billing and revenue management market.
  • On-premises solutions remain dominant, but cloud adoption is increasing due to its scalability and cost-effectiveness.
  • Global disruptions like the Russia-Ukraine war and economic slowdown pose challenges, but the long-term growth outlook remains positive.
  • The Asia Pacific region is expected to witness the fastest growth due to rapid economic development and digital innovation.
  • The future of the market lies in AI/ML integration and solutions that cater to the evolving.

The future of the telecom billing and revenue management market hinges on the ability of solution providers to adapt to evolving industry trends. Integration of Artificial Intelligence (AI) and Machine Learning (ML) will be crucial for optimizing network performance, automating tasks, and delivering real-time customer insights. Additionally, the growing adoption of 5G and Internet of Things (IoT) technologies will necessitate flexible and scalable billing solutions.

Table of Contents- Major Key Points

  1. Introduction
  2. Research Methodology
  3. Market Dynamics
    • Drivers
    • Restraints
    • Opportunities
    • Challenges
  4. Impact Analysis
    • Impact of Ukraine- Russia war
    • Impact of Ongoing Recession on Major Economies
  5. Value Chain Analysis
  6. Porter’s 5 Forces Model
  7. PEST Analysis
  8. Telecom Billing and Revenue Management Market Segmentation, by Component
    • Solution
    • Services
  9. Telecom Billing and Revenue Management Market Segmentation, by Deployment Model
    • On-premises
    • Cloud
  10. Telecom Billing and Revenue Management Market Segmentation, By Operator Type
    • Mobile Operator
    • Internet Service Providers
  11. Regional Analysis
    • Introduction
    • North America
    • Europe
    • Asia-Pacific
    • The Middle East & Africa
    • Latin America
  12. Company Profile
  13. Competitive Landscape
    • Competitive Benchmarking
    • Market Share Analysis
    • Recent Developments
  14. USE Cases and Best Practices
  15. Conclusion

About Us

SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company’s aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.

Our staff is dedicated to giving our clients reliable information, and with expertise working in the majority of industrial sectors, we’re proud to be recognized as one of the world’s top market research firms. We can quickly design and implement pertinent research programs, including surveys and focus groups, and we have the resources and competence to deal with clients in practically any company sector.

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