Global Telecom Billing Market
The Global Telecom Billing Market was valued at USD 9.40 billion in 2016 and is projected to reach USD 20.05 billion by 2025, growing at a CAGR of 8.76% from 2017 to 2025.
Telecommunications billing is the group of processes of communications service providers that are responsible to collect consumption data, calculate charging and billing information, produce bills to customers, process their payments and manage debt collection. Telecommunications billing is beneficial for businesses such as, mobile wireless communication providers, VoIP companies, mobile virtual network operators, internet service providers, transit traffic companies, and cable television and satellite TV companies. Benefits of telecom billing include availability of itemized bill, high accuracy in billing, duplicate records checking, and paperless bill generation.
1. Market Drivers
1.1 Growing Demand for Data and VAS
1.2 Increasing Number of Subscribers for the Market
1.3 Rising Operational Costs
2. Market Restraints
2.1 Integration of Telecom Regulations
2.2 Subscriber Saturation
The Global Telecom Billing Market is segmented on the deployment model, service, software, and region.
1. By Deployment Model:
2. By Service:
2.1 Managed services
2.2 Operation and maintenance
2.3 Planning and consulting
2.4 System integration
3. By Software:
3.1 Fraud management
3.3 Partner and interconnect management
3.4 Revenue assurance
3.5 Billing and charging
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. SAP SG
2. Oracle Corporation
4. NEC Corporation
6. Huawei Technologies
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Telecom Billing Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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