The global Telecom Billing and Charging Systems market size was significantly robust in 2020 and is expected to register a steady revenue CAGR over the forecast period. Key factors driving market revenue growth are penetration of Internet of Things (IoT) and cloud-based services in various industry verticals. In addition, evolvement of technologies and competitive environment to provide better services are other key factors expected to drive demand for telecom and revenue management, and support market revenue growth.
Telecom Billing and Charging Systems is a service that collects consumption data, gathers it, applies essential charges, and then generates invoices for consumers while projecting demand and price sensitivity for Communications Service Providers (CSPs). Payments are received and documented in this process, which are collected from clients. The billing system aids in the collection of funds from consumers and is hence classified as accounts receivable. Telecom and billing management provide solutions such as mediation, billing and charging, revenue assurance and fraud management.
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Revenue growth of the global telecom billing and revenue management market is significantly driven by rising concerns over increasing adoption of mobile services and technological advancement in the telecom industry. The expansion of telecom industry coupled with government initiatives to encourage the rollout of a greater bandwidth spectrum. Innovation in billing and revenue management solutions enables network operators to provide creative and agile services as well as cost-effective customer experiences. Companies are focusing on digitizing their Telecom Billing and Charging Systems services, to save money by prohibiting fraud and revenue losses and to deliver high-quality services, which is expected to further boost revenue growth.
Competitive Landscape:
- Amdocs
- Huawei
- Cerillion
- Sterlite Technologies
- The SpyGlass Group
- Aria
- Communications Data Group
- IDI Billing
- MIND CTI
- io
- Sage Management
- Netcracker
- Oracle Corporation
- Optiva Inc.
- Nokia
- Comviva
- SAP
- Emida
- Ericsson
- Comarch S.A.
- Subex
- CSG International
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The global market is further segmented into type and application:
Component Type Outlook (Revenue, USD Billion; 2018-2028)
- Solutions
- Services
Deployment Outlook (Revenue, USD Billion; 2018-2028)
- On-Premises
- Cloud
- Hybrid
Operator Outlook (Revenue, USD Billion; 2018-2028)
- Mobile Operator
- Internet Service Providers
- Satellite Communication Providers
- Cable Network Providers
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
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