Telecom Billing & Revenue Management Market Size Worth $31.2 Billion By 2027: Grand View Research, Inc.

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Aug 12, 2020, 05:05 ET

SAN FRANCISCO, Aug. 12, 2020 /PRNewswire/ -- The global telecom billing and revenue management market size is projected to reach USD 31.2 billion by 2027, expanding at a CAGR of 11.6% during the forecast period, according to a study conducted by Grand View Research, Inc. Telecom billing and revenue management benefits the service providers in exchanging their invoices, billing data, and sharing revenue information with partners, allowing operators to continue the billing accuracy, enhance customer experience by ensuring the end-to-end management of revenue, and disputes and adjustments. It also provides a complete end-to-end solution for supporting key business processes for managing revenue. As a result, the growing importance of identifying profitability and value that customers bring to the enterprise coupled with growing preference for mitigating and identifying the revenue leakages and frauds with automated payment processing solutions and integrated workflows is expected to accelerate the growth of the market over the forecast period.

Key suggestions from the report:

The cloud segment is expected to witness a CAGR of 15.6% over the forecast period. Owing to low investment cost, scalability, and agility offered by cloud deployment model, the segment is expected to witness significant growth in the coming years
The solutions segment accounted for 67.8% of the market share in 2019. The segment is expected to witness significant growth over the coming years
Asia Pacific is expected to witness a CAGR of more than 15.0% over the forecast period. The growth is accredited to increasing mobile and internet penetration across the region coupled with growth in the telecom industry across the region particularly in the developing economies such as India and China.

Read 110 page research report with ToC on "Telecom Billing & Revenue Management Market Size, Share & Trends Analysis Report By Component (Solutions, Services), By Deployment Model, By Operator Type, By Region, And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/telecom-billing-revenue-management-market

Growth in the number of subscribers for the telecom services worldwide is one of the key factors driving the growth of the market. As there is a rise in the number of cellular or mobile subscribers, challenges including network congestion and fallout of services are rising. This rise is thereby resulting in structural progress for the development of efficient billing and revenue management software solutions and services. These solutions and services are used by Communication Services Providers (CSPs) to boost their revenue while optimizing telecom networks.

Additionally, telecom billing and revenue management solutions support the telecom service providers in the detection and management of frauds and revenue leakages, thereby resulting in reduced operational costs in the longer run. As a result, telecom companies are investing in telecom billing and revenue management solutions and services to not only help themselves in increasing their revenue growth by optimizing network but also for improving fraud management and reducing operational costs in the long run. This, in turn, is projected to boost the market growth in the near future.

In addition, the telecom billing and revenue management help telecom service providers in creating innovative solutions and services in the market while enhancing the customer experience. Furthermore, with the growth in networks, solutions, and services, telecom operators endure high operational costs. High implementation and operational costs are one of the major challenges likely to deter the progression of the market.

Nevertheless, with the continuous need and requirement to provide improved and high-quality customer experiences and rich communication services, telecom billing and revenue management providers are focusing to further develop advanced solutions and services, which are compatible and at-par to fulfill the dynamic requirement of end-users with improved flexibility, scalability, and functionality. Efficient telecom billing and revenue management solutions help the CSP's to monetize the usage data and service. It further provides enhanced real-time data analytical capabilities and efficacy to channelize the revenue streams by providing tailored solutions.

Grand View Research has segmented the global telecom billing and revenue management market by component, deployment model, operator type, and region:

Telecom Billing & Revenue Management Component Outlook (Revenue, USD Million, 2016 - 2027)

Solutions

Mediation
Billing and Charging
Revenue Assurance
Fraud Management
Others

Services

Professional Services
Managed Services

Telecom Billing & Revenue Management Deployment Model Outlook (Revenue, USD Million, 2016 - 2027)

On-premises
Cloud

Telecom Billing & Revenue Management Operator Type Outlook (Revenue, USD Million, 2016 - 2027)

Mobile Operator
Internet Service Providers

Telecom Billing & Revenue Management Regional Outlook (Revenue, USD Million, 2016 - 2027)

North America

U.S.
Canada

Europe

U.K.
Germany
France

Asia Pacific

China
India
Japan

Latin America

Brazil
Mexico

Middle East & Africa

List of Key players of Telecom Billing & Revenue Management Market

Accenture plc
AmdocsCorporation
Cerillion
Comarch SA.
CSG Systems International, Inc.
Formula Telecom Solutions Ltd.
HP Development Company, L.P.
Huawei Technologies Co., Ltd.
Intracom Telecom
Mahindra Comviva
Netcracker Technology Corp.
Openet Corporation
Optiva, Inc.
Oracle Corporation
SAP SE
Sterlite Tech
Subex Limited
Telefonaktiebolaget LM Ericsson

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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