The Telecom Billing And Revenue Management Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Telecom Billing And Revenue Management Global Market Report 2024, The telecom billing and revenue management market size has grown rapidly in recent years. It will grow from $20.4 billion in 2023 to $23.22 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to mobile subscriber growth, expansion of telecommunication services, increased complexity in pricing plans, customer demand for personalization, globalization of telecom operations, shift to prepaid billing models..
The telecom billing and revenue management market size is expected to see rapid growth in the next few years. It will grow to $38.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to monetization of digital services, telecom industry consolidation, focus on customer experience, digital transformation initiatives, zero-rating and sponsored data, elastic charging systems.. Major trends in the forecast period include convergence of services, subscription-based models, advanced analytics and ai, customer experience enhancement, blockchain integration, collaboration and partnerships..
An increase in the growth of mobile and internet subscribers is expected to propel the growth of the telecom billing and revenue management market going forward. Mobile and internet subscriber refers to each consumer that subscribes to or is authorized to access an STE Service delivered via the Internet. Telecom billing and revenue management are used by digital service providers and telecommunication services providers for enhancing their operational efficiency by optimizing the telecom networks. For instance, according to the data released by the Telecom Regulatory Authority of India (TRAI), the total number of internet subscribers in India increased from 718.74 million at the end of December 2019 to 743.19 million at the end of March 2020, with a growth rate of 3.40 percent and a number of wired Internet users are 26 million and that of wireless subscribers is 799.31 million and a subscriber base of Broadband internet users (778.09 million). Furthermore, in May 2022 number of telephone subscribers in India increased by 2.92 million to 1,170.73 million. In urban areas, the number of subscribers increased by 0.8% to 647.81 million, whereas in rural areas it rose by 2.1% to 522.92 million. Therefore, the rise in the growth of mobile and internet subscribers is driving the growth of the telecom billing and revenue management market.
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The telecom billing and revenue management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Model: On-premises, Cloud
3) By Operator Type: Mobile Operator, Internet Service Providers
Top Major Players:
Accenture PLC
ALE International SAS
Amdocs Limited
BearingPoint Europe Holdings B.V.
Cerillion PLC
North America was the largest region in the telecom billing and revenue management market in 2023.
Technological advancement is a key trend gaining popularity in the telecom billing and revenue management market. Many companies are investing in billing and revenue management solutions, service innovation and superior customer experience, and innovative technologies including artificial intelligence, big data analytics, and machine learning to attain a competitive edge in the market. For instance, in February 2022, Amdocs, a US-based provider of software and services to communications and media companies, developed the Amdocs Freestyle Billing solution to help service providers modernize their billing with a flexible, future-proofed offering that is next-generational and ready for new services, physical goods, and digital goods. To address the new capabilities and use cases made possible by 5G, like network slicing, AR/VR services in the field, precise monitoring, and more, Freestyle Billing offers a singular, comprehensive approach to flexible monetization. It presents a single, universal biller that enables every client, consumer, or corporation with a desired monetization model for their needs per various services, creating a plethora of alternatives for invoicing and business models based on preference. With a cutting-edge toolkit and an agile methodology, this ground-breaking product enables service providers to automate and optimize the customer experience.
The telecom billing and revenue management market report table of contents includes:
1. Executive Summary
2. Telecom Billing And Revenue Management Market Characteristics
3. Telecom Billing And Revenue Management Market Trends And Strategies
4. Telecom Billing And Revenue Management Market – Macro Economic Scenario
5. Global Telecom Billing And Revenue Management Market Size and Growth
…..
31. Global Telecom Billing And Revenue Management Market Competitive Benchmarking
32. Global Telecom Billing And Revenue Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Telecom Billing And Revenue Management Market
34.Telecom Billing And Revenue Management Market Future Outlook and Potential Analysis
35. Appendix
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