Increasing Internet and Mobile Penetration Rate Coupled with Increasing Subscriber Base in Emerging Economies to Boost the Telecom Billing and Revenue Management Market at a CAGR of 10.9%
According to a new market research study titled ‘Telecom Billing and Revenue Management Market to 2025 – Global Analysis and Forecast by Solutions, Services and Deployment Types’, the global telecom billing and revenue management market was valued at US$ 9.29 Bn in 2015 and is expected to reach US$ 25.73 Bn by 2025. The report showcases trends that are dominant in the global market and the factors that act as barrier to the growth of telecom billing and revenue management market.
Telecom billing and revenue management solutions and services support telcos and communication service providers (CSP’s) to channelize and manage business-critical revenue and processes. In addition to the revenue management, these solutions also helps CSP’s to optimize operational expenditure (OPEX); fraud detection, prevention and management; launching new services in short period of time and improve the overall costumer experience.
Increasing mobile penetration and consumer base in emerging economies along with the rising need for innovative billing and revenue management solutions and services are some of the factors expected to boost the telecom billing and revenue management market during the forecast period. However, high initial cost of deployment and network upgradation is expected to restrict the global market. The billing and charging software leads the telecom billing and revenue management market currently and is expected to hold the highest market share during the forecasted period by accounting for 37.98% of the total market revenue share in the year 2025.
North America and Europe have the maximum implementation of telecom billing and revenue management in the telecom vertical. In addition, regions such as Asia-Pacific (APAC), Middle East and Africa (MEA), and South America (SAM) offer tremendous potential for the CSPs, as majority of the countries within these regions are yet to accept telecom billing and revenue management. Some of the important players in telecom billing and revenue management market include Huawei Technologies Co. Ltd., Accenture, Ericsson, SAP SE,NEC Corporation, Alcatel-Lucent S.A., Oracle Corporation, Hewlett Packard Enterprise Development LP, Comverse Technology, Inc., and Amdocs Inc. among others.
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High subscriber base in emerging economies especially in the Asia Pacific (APAC) and Middle East & Africa (MEA) coupled with increasing technological adoptions within the telecommunication industry is providing ample opportunities to telecom billing and revenue management solution and service providers. On the other hand, North America and Europe are expected to experience a comparatively slow market growth due to maturity of their telecom industry.
urrently, telecom billing and revenue management solutions and services have witnessed a significant adoption in the APAC and MEA countries. Furthermore, with growth in infrastructure and technology adoption trends, various growing economies in these regions are expected to experience high adoption of telecom billing and revenue management solutions. APAC currently holds the highest market share in the global telecom billing and revenue management market, and is expected continue its dominance during the forecast period. The region is estimated to register a growth rate of 12.1% during 2016 to 2025
In 2015, Brazil led the telecom billing and revenue management market in South America (SAM) and is likely to continue its supremacy by expanding at a CAGR of 9.7% during the forecast period 2016 to 2025. Brazil is expected to experience high adoption of telecom billing and revenue management solutions owing to rapidly growing telecommunication infrastructure.
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The report segments the global telecom billing and revenue management market as follows:
Global Telecom Billing and Revenue Management Market – By Solutions
• Billing and Charging Software
• Mediation Software
• Fraud Management Software
• Revenue Assurance Software
• Partner and Interconnects Management Software
Global Telecom Billing and Revenue Management Market – By Services
• Consulting Services
• Managed Services
• Operations Services
• System Integration Services
Global Telecom Billing and Revenue Management Market – By Deployment Types
• On-Premise Deployment
• Cloud Based Deployment
• Hybrid Deployment
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