Report : North America Telecom Billing and Revenue Management Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type (Telecom Billing, Cloud Billing, and IoT Billing); Component (Solution and Services); Deployment Type (Cloud, On-premise, and Hybrid); and Country
Solution Segment to Dominate North America Telecom Billing and Revenue Management Market During 2020–2027
According to The Insight Partners market research study on “North America Telecom Billing and Revenue Management Market to 2027 – Regional Analysis and Forecast by Type, Component, And Deployment Type,” is expected to reach US$ 12394.0 million by 2027 from US$ 4250.9 million in 2019. The market is estimated to grow at a CAGR of 15.0% from 2020 to 2027. The report provides trends prevailing in the North America telecom billing and revenue management market along with the drivers and restraints pertaining to the market growth. Constant urge and requirements for innovative billing and revenue management solutions and services coupled with rising number of IoT connections are the major factors driving the growth of the telecom billing and revenue management market. However, high initial capital expenses and investments might hinder the growth of North America telecom billing and revenue management market.
Telecom billing and revenue management solutions and services are the strength of any telecom operator. If the telecom operators do not have strong billing and revenue management solutions and services, it would not be possible for them to provide their products and services with attractive promotions, and ultimately, they cannot stand in today's competitive market. As the communication devices are increasing along with global broadband consumption, businesses are focused on adopting modern billing and revenue management solutions and services. Further, new services are added every day into the offerings by the telecom service providers, which are producing demand for efficient and effective billing and revenue management components. These factors are driving the demand for telecom billing and revenue management component. The market for North America telecom billing and revenue management by component is segmented as solutions and services. The telecom billing and revenue management market was dominated by the solution segment in 2019 and is estimated to dominate the market during the forecast period.
Accenture PLC; Nokia Corporation; Amdocs, Inc.; Cerillion PLC; Comarch SA; CSG Systems International, Inc.; GoTransverse International, Inc.; Ericsson; Hewlett Packard Enterprise Development LP (HPE); Huawei Technologies Co., Ltd.; and NEC Corporation are among the leading companies in the North America telecom billing and revenue management market. The companies are focused on adopting both organic and inorganic growth strategies such as product launches, partnerships, and business expansions to sustain their position in the dynamic market. For instance, in 2020, TDC, a Danish operator, has chosen Comarch SA to offer its BSS solutions. The company offered TDC its customer order management, convergent billing system, and application integration framework. Further, Cerillion announced the launch of the BSS automation solution as a part of the “Edge” in the automation catalyst project. In 2019, Amdocs announced the launch of RevenueONE billing system. It is developed to help operators exploit all new revenue opportunities and it support 200 million subscribers on a single platform.
North America Telecom Billing and Revenue Management Market, By Country, 2019 and 2027 (%)
Telecom Billing and Revenue Management Market– By Component
Telecom Billing and Revenue Management Market – By Type
Telecom Billing and Revenue Management Market– By Deployment Type
Telecom Billing and Revenue Management Market – By Country