MOUNTAIN VIEW, Calif., Sept. 13, 2016 /PRNewswire/ -- Based on its recent analysis of the communications service provider (CSP) billing marketplace, Stratecast | Frost & Sullivan recognizes Huawei Technologies with the 2016 Stratecast Global Growth Excellence Leadership Award in the CSP Billing Market. The Growth Excellence Leadership award is given to the company that demonstrates excellence by growing strongly and capturing additional market share in the global CSP billing market, both in the short term and in the long term. In recent years, Huawei has shown market growth, with its billing solutions exceeding the growth rate of the global end-to-end billing market. Huawei has accomplished this feat through the support it provides to CSP customers across the world.
"Assessing over 100 suppliers worldwide that deliver solutions in the global CSP billing market, Huawei's success stands out," said Troy Morley, Operations, Orchestration, Data Analytics & Monetization (ODAM) Strategy Analyst at Stratecast | Frost & Sullivan. "This crowded market has exhibited a compound annual growth rate (CAGR) of approximately 5% from 2009 to 2015. Huawei, during this same period, exhibited a CAGR of over 14% for its billing solutions, more than two and a half times the rate of the overall market."
Huawei's growth can also be demonstrated by the number of CSP customers its supports globally with its business management and billing solutions. In 2015, Huawei reported it serves 1.7 billion customers from 190 CSPs across 107 countries and regions in the world. Perhaps more impressive is the number of CSPs the company reports adding as billing customers in the last three years; almost 20 new CSP billing customers obtained each year.
Huawei offers a full complement of billing, policy, customer, and partner management solutions that span all segments of CSP billing. Huawei ranks amongst the leaders in every segment of CSP billing, and currently leads the billing mediation segment. Most of the functionality modules that define Huawei's billing solution, are contained within the Huawei Convergent Billing Solution (CBS).
Huawei has achieved success in the global CSP billing market by winning new CSP customers each year, and by expanding its billing solution capabilities with existing customers—a formula that works in any industry. In the months to come, Stratecast expects Huawei's success to continue through its strengthening capabilities with its solutions and with the market leaders in every segment of billing.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.
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.
Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei's 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world's population. Founded in 1987, Huawei is a private company fully owned by its employees. For more information, please visit Huawei online at www.huawei.com.
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