Stratecast | Frost & Sullivan Recognizes Huawei Technologies with the 2017 Stratecast Global Market Leadership Award in CSP Monetization - Billing Mediation
SANTA CLARA, Calif., Oct. 18, 2017 /PRNewswire/ -- Based on its recent analysis of the communication service provider (CSP) monetization – billing mediation market, Stratecast | Frost & Sullivan recognizes Huawei Technologies (Huawei) with the 2017 Stratecast Global Market Leadership Award for its leadership within the billing mediation market. This Market Leadership award is given each year by Stratecast to the company that has demonstrated excellence by capturing the largest market share within the global CSP billing mediation segment. Huawei leads this market, and continues to grow at a year-over-year rate much higher than the overall billing mediation market.
In the dynamic global CSP market, customer data volumes have increased as smartphone and tablet usage continues to rise, driven especially by escalating levels of video streaming. However, recent entrants to the data volume realm, including 3D printing, virtual reality and augmented reality applications, are starting to bring significant data management challenges to companies that are or will be using them, along with the network operators carrying such data-intensive workloads.
"As Internet of Things-based business opportunities unfold and data-intensive applications increase, data collection, data aggregation and multi-source data correlation capabilities for the monetization processes are sorely needed," said Karl Whitelock, Stratecast Global Director Strategy Operations, Orchestration, Data Analytics and Monetization (ODAM). "It could be said that billing mediation acts as a 'protective shield' for the rest of the monetization and data usage processes—collecting, aggregating, correlating, and normalizing data to provide other business management functions what they need, when they need it."
Stratecast | Frost & Sullivan believes Huawei's strength in mediation lies within the company's product portfolio that addresses all end-to-end monetization functions and through its growth within the mediation domain. Most of the functionality modules that define Huawei's monetization solution are contained within the Huawei Convergent Billing Solution (CBS), including its billing mediation offering, Huawei Mediation.
Working with network operators that have some of the highest subscriber counts anywhere in the world, Huawei addresses their customers' unique data collection and management needs, relative to the monetization processes, primarily through its CBS solution suite. Huawei Mediation delivers convergent mediation capabilities that support any service on any network. Designed for ease of configuration and management, the solution includes pre-built interfaces, templates, and a Web-based configuration platform to simplify integration with new network elements, services, and downstream systems. The company reported to Stratecast that the solution contributes towards improving the time to market for new services.
Huawei Mediation delivers:
- Network and vendor independence, easing integration with legacy systems, and the capability of extension into future environments and services.
- A rules engine for addressing usage transactions from multiple sources. It comes with a graphical interface for flexibility to accelerate new network deployments and service launches, and to reduce cost.
- High performance and availability, supporting cloud architecture, overload flow control, and automatic fault recovery.
"Huawei's continued growth over the last few years—one of the highest rates amongst the global CSP monetization solution leaders by revenue—is a strong indicator that its CSP customers find that Huawei's mediation solution capabilities meet or exceed expectations," Whitelock said. "According to Stratecast | Frost & Sullivan's assessment of the CSP monetization supplier market, Huawei is the market revenue leader with its Huawei Mediation solution."
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.
About Huawei
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.
About Stratecast
Stratecast collaborates with our clients to reach smart business decisions in the rapidly evolving and hyper-competitive Information and Communications Technology markets. We deliver 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.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.
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SOURCE Frost & Sullivan
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