Telecommunications billing refers to the collection of usage data, calculation of charges and billing information, billing of customers, processing of payments, and collection management for telecommunications service providers. Telecom billing software is primarily designed to support the telecom billing process. It consists of a set of processes for communication service providers responsible for calculating billing and billing information, collecting consumption data, billing customers, processing payments, and managing collections.
The Telecom Billing Software Market is expected to grow at a strong CAGR of around 11% during the forecast period owing to the increasing mobile penetration and customer base in major emerging economies. Moreover, the growing need for operators to identify and recover revenue leakages and detect frauds to deliver high-quality services is further contributing to the growth of the market. In addition, the rapidly increasing mobile data traffic is also contributing to the growth of the market. For instance, according to Ericsson Mobility Report, the global monthly average usage per smartphone is anticipated to be 19 GB in 2023 and is forecasted to reach 46 GB by the end of 2028.
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Based on the component, the market is bifurcated into solutions and services. The solutions segment is further divided into billing and charging, revenue assurance, fraud management, and others. Amongst solutions and services, the solutions segment catered to a significant share of the market in 2021. This high share is due to the increasing adoption of billing and revenue management solutions for telecoms and the multiple benefits that come with it. Telecom billing solutions help operators assess, optimize and analyze all stages of the billing lifecycle. It helps provide complete insight and information on the revenue relationship between service providers and customers.
On the basis of the telecom operators, the market is segmented into mobile operators and internet service providers. The mobile operator held a major share of the telecom billing software market in 2021 and is expected to grow at a substantial CAGR during the forecasted period mainly due to the rising mobile penetration rate worldwide and rapid growth in the subscriber base across various countries. For instance, in U.S., the number of mobile cellular subscriptions increased from 348.2 million in 2018 to 352.5 million in 2020.
North America held a prominent share of the market in 2021
North America held market held a dominating share of the global telecom billing software market in 2021. This high share is mainly attributed to the elevated demand from the telecom sector and the implementation of innovative technologies in the market. Moreover, the presence of major companies operating in the telecom billing sector in the region is another factor contributing to the growth of the regional market. Additionally, the growing adoption of advanced technologies such as IoT, 5G, analytics, and cloud computing is also contributing to the growth of the market in the region.
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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share Amdocs; CSG Systems International, Inc.; Oracle; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Cerillion Technologies Limited; Comarch SA; Nokia Oyj; SAP SE; and Hewlett Packard Enterprise Development LP.
“Global Telecom Billing Software Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Component (Solutions [Billing and Charging, Revenue Assurance, Fraud Management, and Others] and Services)
2. By Deployment (Cloud and On-premises)
3. By Telecom Operator (Mobile Operators and Internet Service Providers)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Amdocs; CSG Systems International, Inc.; Oracle; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Cerillion Technologies Limited; Comarch SA; Nokia Oyj; SAP SE; and Hewlett Packard Enterprise Development LP)
Key questions answered in the study:
1. What are the current and future trends of the global telecom billing software industry?
2. How the industry has been evolving in terms of component, deployment, and telecom operator?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global telecom billing software industry?
5. What are the customer orientation, purchase behavior, and expectations from global telecom billing software suppliers across various regions and countries?
Table of Content:-
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL TELECOM BILLING SOFTWARE MARKET COVID-19 IMPACT
6 GLOBAL TELECOM BILLING SOFTWARE MARKET REVENUE, 2020-2028F
7 MARKET INSIGHTS BY COMPONENT
8 MARKET INSIGHTS BY DEPLOYMENT
9 MARKET INSIGHTS BY TELECOM OPERATOR
10 MARKET INSIGHTS BY REGION
11 TELECOM BILLING SOFTWARE MARKET DYNAMICS
12 TELECOM BILLING SOFTWARE MARKET OPPORTUNITIES
13 TELECOM BILLING SOFTWARE MARKET TRENDS
14 DEMAND AND SUPPLY-SIDE ANALYSIS
15 VALUE CHAIN ANALYSIS
16 PRICING ANALYSIS
17 STRATEGIC INSIGHTS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER