Telecom Billing Market Revenue, Growth, Restraints, Trends, Company Profiles, Analysis & Forecast Till 2027

The Telecommunication Billing market is expected to grow from USD 9.8 billion in 2019 to USD 22.4 billion by 2027, at a CAGR of 11.07% during the forecast period. Growth in the telecommunication sector, usage of innovative services, an escalating number of customers are fostering the market growth. Issues like the fallout of services and network congestion are increasing and begetting a structural evolution in demand for the expansion of effective billing and revenue management solutions.

Global telecom billing software market is fuelled by growing mobile penetration and consumer base in emerging economies. However, quick growth of subscribers, network clogging, interoperability issue and the fallout of services area are some key factors hampering the market growth.

Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Telecom Billing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.

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The report is an engaging document that provides vital statistical information about the market in terms of dales, revenue, market share, and market size with regards to product types, application spectrum, regional bifurcation, leading players, and technological advancements.

Further key findings from the report suggest

• The growth of Telecom Billing Market is directly powered by the demand for application of Telecommunication among its array of application sectors such as in domestic, banking, e-commerce, etc.
• The rapid growth of the telecommunication sector, usage of innovative services, an increasing number of customers are factors that boost the economy. Subscribers for the telecom services are increasing at a growing speed, thus, in turn, boosting the economy. Communication Services Providers (CSPs) use telecom billing and revenue management solutions for generating higher revenue by optimizing telecom networks. This solution helps the telecom provider in fraud detection and management leading to a reduction in operational cost in the long run.
• The key applications of telecom billing market include software, service, deployment type and region.
• By Software, fraud management segment in telecom billing market observed considerable growth. The Telco robust fraud management practice helps to analyze both anticipated and historical usage pattern and proactively address revenue leakage. 
• The cost-effective, end-to-end pre-integrated cloud platform comprises of product life-cycle management, policy & charging, billing & revenue management, sales management, and customer service management. These give the operators options to quickly launch per usage/per subscriber services like IT, On-demand games/music, multi-screen video and many more via a single hosted convergent platform. It provides uttermost data privacy, reliability and multi-tenancy support. It ensures higher efficiency with a high-quality experience across devices and networks.
• By Geography, Asia Pacific is estimated to be the fastest growing market with a CAGR of 14% during the forecast period due to countries in this region having a higher number of subscriber base and ever-changing regulatory scenario, thus creating demand for billing and revenue management solutions.
• Key players within this market includes Accenture (Ireland), Alcatel-Lucent S.A. (France), Amdocs Inc. (US), CERILLION PLC (UK), CSG Systems International (US), Ericsson (Sweden), goTransverse International (US), Hewlett-Packard Development Company (US), XURA (US), SAP SE (Germany).

The Global Telecom Billing Market is segmented as follows:

Telecom Billing Market by Software (Revenue, USD Million; 2016–2026)

• Mediation
• Billing and charging
• Partner and interconnect management
• Revenue assurance
• Fraud management

Telecom Billing Market by Service (Revenue, USD Million; 2016–2026)

• Planning and consulting services
• Operations and maintenance services
• System integration
• Managed services

Telecom Billing Market, by Deployment Type (Revenue, USD Million; 2016–2026)

• Cloud
• On-premises

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The report provides an explicit analysis of the market with regards to growth driving factors, restraining factors, regulatory framework, threats and opportunities, financial hurdles to offer a thorough outlook of the market. The report also covers value chain analysis, market share, market size, CAGR, sales and revenue, import/export, the scope of the market, growth prospects,and other key factors.The report offers a regional analysis that covers key geographies such as North America, Europe, AsiaPacific, Latin America, and Middle East & Africa.

The report applies advanced analytical tools such as SWOT analysis, Porter’s Five Forces analysis, along with feasibility analysis and investment return analysis. It also offers strategic recommendations to new entrants as well as established companies about market barriers. It also offers insights into futuristic business opportunities, market scope, threats, and obstacles, to enable fruitful business decision-making process.

Furthermore, the report renders a complete analysis of the Telecom Billing market that allows readers to formulate profitable and lucrative business strategies by offering insights into the competitive landscape, crucial market details, growth prospects, regional rules and regulations, and other key factors.

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