North America Telecom Billing and Revenue Management Market Key Players and Forecast by 2027

The telecom billing and revenue management market in North America was valued US$ 4250.9 million in 2019 and is projected to reach US$ 12394.0 million by 2027; it is expected to grow at a CAGR of 15.0% from 2020 to 2027.

The telecom billing and revenue management market growth is prominently being driven by the constant urge and requirements for innovative billing and revenue management solutions and services. The constant demand for providing rich communication services and improved high-quality customer experiences is cajoling the services providers to further develop such solutions and services, which are compatible and at-par for full filling the dynamic requirement and demand of end users with improved scalability, flexibility, and functionality. Efficient and flexible billing and revenue management solutions help the CSP’s to monetize the data and service usage, which offers company with improved real-time data analytical capabilities and efficiency to channelize their revenue streams by further providing customized solutions. It also helps CSPs to efficiently manage the subscriber’s billing and charging processes through an effective single platform.

Further, it helps companies and provides them the confidence to roll out new customized offers, revenue-generating services, and charging policies in a short period with improved efficiency, and also to monetize their infrastructural investments while enhancing customer and revenue management. CSP’s are continually upgrading their legacy systems by adding platforms that will help in servicing enhanced subscriber base and migrating toward cloud-based solutions and services such as SaaS, which will help them to lower down the CAPEX while optimizing OPEX. Additionally, increasing spending trends and requirements on solutions such as BSS/OSS is also accelerating the growth of competitive North America telecom billing and revenue management market.

The telecom billing and revenue management market is a highly fragmented and competitive marketplace. The leading companies in this market continue to broaden their clientele by expanding their current offerings. Prominent players face an increasing level of competition, both from start-ups and leading established companies across the world. Several companies in the value chain are acquiring other players in the telecom billing and revenue management market to provide efficient products and services to its customers, and thus, to maintain or uplift their position in the market.

Presently, the US is the world’s worst affected country due to COVID-19 outbreak with more than 2, 537, 636 confirmed cases and more than 1, 26,203 deaths as per WHO. Business activities and financial transactions have declined sharply in past few months and business initiatives such as partnerships, collaborations, mergers & acquisitions planned for 2020 are expected to be delayed. These factors are expected to impact the growth plan for existing telecom billing and revenue management companies and also affect the entry of new players in this market. However, the overall impact will be low to moderate owing to increase in digital services of telecom billing and revenue management.

The North America telecom billing and revenue management market is expected to grow at a good CAGR during the forecast period. The North American region has experienced the highest adoptions rate of telecom billing and revenue management solutions in the last few decades. North America is one of the most mature telecom markets across the globe and has a very high mobile and internet penetration. A surge of improving operational efficiency and stiff competition among CSP’s are some of the significant factors that are analyzed to boost the telecom billing and revenue management market in this region.

North America Telecom Billing and Revenue Management Market–Segmentation

North America Telecom Billing and Revenue Management Market, by Component

• Solution
  • Billing Management
  • Account Management
  • Others
• Services
  • Professional Services
  • Managed services

North America Telecom Billing and Revenue Management Market, by Type

• Telecom Billing
• Cloud Billing
• IoT Billing

North America Telecom Billing and Revenue Management Market, by Deployment Type

• On-Premise
• Cloud-Based
• Hybrid

North America Telecom Billing and Revenue Management Market, by Country

• US
• Canada
• Mexico

North America Telecom Billing and Revenue Management Market-Companies Mentioned

• 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.
• NEC Corporation
• Oracle Corporation
• Optiva Inc.
• Mavenir Systems
• SAP SE
• Tata Consultancy Services Limited (TCS)
• AGILITY CIS
• Comviva
• Enghouse Networks
• PANAMAX INC
• STL.TECH
• Vcare Corporation

North America Telecom Billing and Revenue Management Report Scope