Telecom Billing and Revenue Management Market Global Opportunities and Strategies to 2024
According toa research report "Telecom Billing and Revenue Management Market bySolution (Software (Mediation, Billing and Charging, Revenue Assurance, andFraud Management) and Services), Deployment Type, Telecom Operator Type, andRegion - Global Forecast to 2024", published by MarketsandMarkets, theglobal telecom billing and revenue management market size is expected to growfrom USD 10.8 billion in 2019 to USD 18.0 billion by 2024, at a Compound AnnualGrowth Rate (CAGR) of 10.8% during the forecast period.
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The majorfactors expected to drive the growth of the telecom billing and revenuemanagement market are the growing number of cellular/mobile subscribers,increasing complexities in revenue sharing across the telecom ecosystem, andthe evolution of Communications Service Provider (CSPs) to Digital ServiceProviders (DSPs). The availability of immense new opportunities for revenueassurance solutions and service vendors is further expected to shape the futureof this market. These opportunities include the need to maximize revenuestreams with efficient Artificial Intelligence (AI) and Machine Learning (ML)in the existing revenue management system and the need of operators to takeservice innovation to the next level for monetizing and marketing 5G andInternet of Things (IoT), thus making these technologies rely more on revenuemanagement systems.
Mobile operators’segment to record a higher CAGR during the forecast period
In thetelecom billing and revenue management market by telecom operator type, themobile operators’ segment is expected to record a higher CAGR during theforecast period. The total number of mobile operators is 750 around the world,as per the report by GSMA. Due to increased competition, the mobile operatorfocuses on network, service, and end-user-related data to deliver optimalservice performance and customer experience management. The solution enablesMobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs) toaccelerate new product or service launches, supported by the robustrevenue-sharing model. It supports full automation of business processes andmonetizes all MVNO offering types from voice, short message service (SMS),data, and digital to Internet of Things (IoT) services for 3G, 4G, and 5G.
NorthAmerica to hold the largest market size during the forecast period
NorthAmerica is expected to hold the largest market size in the global telecombilling and revenue management market during the forecast period. The US has emergedas the largest country for the market in terms of market size, due to the heavyadoption of advanced technologies, such as 5G, cloud, analytics, and IoT,across the US organizations. Moreover, the US is one of the most advancedcountries in the world in terms of technology adoption, which is known for itsinnovative and disruptive startups.
Key andemerging market players include Amdocs (US), Netcracker (NEC Corporation[Japan]), CSG International (US), Oracle (US), Ericsson (Sweden), Huawei(China), Cerillion (UK), Mahindra Comviva (India), Optiva (Canada), ComarchS.A. (Poland), Nokia (Finland), SAP (Germany), HPE (US), Openet (Ireland),TEOCO (US), Intracom Telecom (Greece), Enghouse Networks (Canada), Nexign(Russia), Bearing Point (Netherlands), FTS (Israel), Subex (India), SterliteTechnologies (India), Tecnotree (Finland), Zuora (US), and Apttus (US).
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