BERLIN, April 16, 2013 /PRNewswire/ -- At the Policy Control and Data Pricing event, Amdocs (NYSE: DOX), the leading provider of customer experience systems, today announced that leading analyst firm Stratecast | Frost & Sullivan has named Amdocs the top global policy rules vendor in 2012. According to their recently published "Global CSP Policy Management Strategy Definition and Solution Supplier Market Analysis," Stratecast awarded Amdocs a 15 percent revenue-based market share of the 2012 policy rules market, which Stratecast estimates will grow from $1.6 billion in 2013 to $2.4 billion by 2017.
"Subscribers today want personalized pricing plans and service options, which means policy management will need to play a pivotal role in making such personalized service offers work," said Karl Whitelock, director global OSS/BSS strategy at Stratecast. "In order for service providers to differentiate themselves through innovative service offers, they need to infuse their real-time rating and charging capabilities with policy management. Amdocs has taken a lead in the policy rules market through its mid-2011 acquisition of Bridgewater Systems, and the integration of policy functionality into its rating and charging engine."
"Policy control is now widely recognized as a key strategic tool for service providers, enabling rapid and dynamic monetization of innovative data services," said Rebecca Prudhomme, vice president of product and solutions marketing at Amdocs. "We continue to see strong global demand for our proven Amdocs Policy Controller/PCRF solution, as well as for Amdocs Omni-convergence and Amdocs Data Experience Solution, integrated policy and charging solutions designed to help our customers fast-track the monetization of popular market offers."
Stratecast estimates that the policy management market, which comprises policy rules/PCRF and policy enforcement technologies, will reach $3.9 billion by 2017, with the policy rules or PCRF market segment accounting for approximately 60 percent of this total.
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Stratecast collaborates with our clients to reach smart business decisions in the rapidly evolving and hyper-competitive Information and Communications Technology markets. Leveraging a mix of action-oriented subscription research and customized consulting engagements, Stratecast delivers knowledge and perspective that is only attainable through years of real-world experience in an industry where customers are collaborators; today's partners are tomorrow's competitors; and agility and innovation are essential elements for success. Contact your Stratecast Account Executive to engage our experience to assist you in attaining your growth objectives.
For 30 years, Amdocs has ensured service providers' success and embraced their biggest challenges. To win in the connected world, service providers rely on Amdocs to simplify the customer experience, harness the data explosion, stay ahead with new services and improve operational efficiency. The global company uniquely combines a market-leading BSS, OSS and network control product portfolio with value-driven professional services and managed services operations. With revenue of $3.2 billion in fiscal 2011, Amdocs and its over 19,000 employees serve customers in more than 60 countries.
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Amdocs' Forward-Looking Statement
This press release includes information that constitutes forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995, including statements about Amdocs' growth and business results in future quarters. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that our expectations will be obtained or that any deviations will not be material. Such statements involve risks and uncertainties that may cause future results to differ from those anticipated. These risks include, but are not limited to, the effects of general economic conditions, Amdocs' ability to grow in the business segments it serves, adverse effects of market competition, rapid technological shifts that may render the Company's products and services obsolete, potential loss of a major customer, our ability to develop long-term relationships with our customers, and risks associated with operating businesses in the international market. Amdocs may elect to update these forward-looking statements at some point in the future, however the Company specifically disclaims any obligation to do so. These and other risks are discussed at greater length in the Company's filings with the Securities and Exchange Commission, including in our Annual Report on Form 20-F for the fiscal year ended September 30, 2011, filed on December 8, 2011 and our Form 6-K furnished for the first quarter of fiscal 2011 on February 2, 2012.