According to the new research report published by The Insight Partners, titled “Telecom Billing and Revenue Management Market - Global Analysis and Forecast to 2025”, the global Telecom Billing and Revenue Management market are expected to reach US$ 25.2 billion in 2025, registering a CAGR of 10.7% during the forecast period 2016-2025.
In 2015, Asia-Pacific accounted for the largest revenue share of more than one-third of the total market share, followed by Europe.
Europe is one of the most advanced markets for the telecom industry. In 2008, due to the Euro crisis, there was a decline in the growth of the telecom industry in Europe. However, the industry began recovering at a brisk rate after 2013. Europe has been at the forefront of adopting advanced telecom solutions, which have prompted telecom billing vendors to develop advanced billing and revenue management solutions. Some of the developed European economies like the U.K, Germany, Italy, France, and Spain have always been at the forefront in adopting advanced telecom technologies
The increasing inception of IoT in day to day life is expected to open the doors of significant opportunities for the global telecom industry. Billing and revenue management solution providers will develop solutions which will help CSP’s to easily and rapidly roll out marketing plans and configurable pricing. The great increase in the connected devices will push solution providers to provide high value-added and personalized services and will provide the opportunity to efficiently and effectively rate, meter and monetize their offerings.
Developing a digital ecosystem of highly connected devices, applications and components are providing ample opportunity for telecom companies. Companies are expected to positively experience growth by this innovative digital ecosystems if the company will start focusing on the right partnership and collaboration with various other ecosystem players for developing highly reliable and dependent platforms and solutions. In the coming year’s success will only come through cross-sector participation, collaborative business innovation, and adaptability.
The global telecom billing and revenue management market has been segmented on the basis of solutions into billing & charging software, mediation software, fraud management software, revenue assurance software, and partner & interconnects management software. These solutions support CSP’s and telecom operators to improve their billing and charging processes, revenue leakage detection, prevents and detect frauds, helps partner management and improve revenues. Billing & charging software is expected to hold a major market share during the forecast period. Telecom operators and CSP’s deploy billing and charging software to achieve end-to-end telecom billing capability. It helps CSP’s and telecom operators to attend efficient charging and control and helps them to achieve improved capabilities to handle single and multi-pay transactions. The billing and charging software also provides end-users ability to effectively monitor, monetize and manage its services. Additionally, the efficient and advanced billing and charging software provide telecom operators and CSP’s higher flexibility, scalability and ability to dynamically manage its applications, network resources, and customer experiences.
Key findings of the study:
Asia-Pacific is anticipated to account the high Y-o-Y growth during the forecast period of telecom billing and revenue management market and is expected to have 44.1% of market share in2015.
Based on the solution, the billing & charging software segment is expected to dominate the market during the forecast period
Developing counties of Asia-Pacific countries are witnessing high demand for telecom billing and revenue management due to the rapid developments in the telecom sector.
Currently, the European telecom industry is experiencing a high competition from new entrants in the market which are providing services at a low cost. Increasing pressure of keeping optimal pricing and improving service quality are factors compelling European telecom operators and CSP’s to opt for advanced and efficient billing and revenue management solutions which can provide them improved operational efficiency and capability to roll out and bill new services effectively. Consolidation in the European telecom market for gaining market share and reduce customer churn are also expected to persuade companies to adopt advance billing and revenue management solutions.
The key companies profiled in this report include Accenture PLC, Alcatel-Lucent S.A., Amdocs, Inc., CARILLION PLC, CSG Systems International, Inc., Ericsson, goTransverse International, Inc., Hewlett-Packard Development Company, L.P., Huawei Technologies Co., Ltd., NEC Corporation, Oracle Corporation, Redknee, Inc., SAP SE, and XURA.
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