Global Telecom Billing And Revenue Management market research 2024, Forecast To 2033
4 Mar, 2024
The telecom billing and revenue management market size has undergone rapid expansion, rising from$20.4 billion in 2023 to$23.22 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. Growth in the historic period is attributed to mobile subscriber growth, expansion of telecommunication services, increased complexity in pricing plans, customer demand for personalization, globalization of telecom operations, and the shift to prepaid billing models. Forecasts indicate continued rapid growth, with the market expected to reach$38.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. This growth is fueled by the monetization of digital services, telecom industry consolidation, focus on customer experience, digital transformation initiatives, zero-rating and sponsored data, and elastic charging systems. Major trends in the forecast period include convergence of services, subscription-based models, advanced analytics and AI, customer experience enhancement, blockchain integration, and collaboration and partnerships.
Global Telecom Billing And Revenue Management Market Key Driver
An increase in the growth of mobile and internet subscribers is expected to propel the growth of the telecom billing and revenue management market going forward. Mobile and internet subscriber refers to each consumer that subscribes to or is authorized to access an STE Service delivered via the Internet. Telecom billing and revenue management are used by digital service providers and telecommunication services providers for enhancing their operational efficiency by optimizing the telecom networks. For instance, according to the data released by the Telecom Regulatory Authority of India (TRAI), the total number of internet subscribers in India increased from 718.74 million at the end of December 2019 to 743.19 million at the end of March 2020, with a growth rate of 3.40 percent and a number of wired Internet users are 26 million and that of wireless subscribers is 799.31 million and a subscriber base of Broadband internet users (778.09 million). Furthermore, in May 2022 number of telephone subscribers in India increased by 2.92 million to 1,170.73 million. In urban areas, the number of subscribers increased by 0.8% to 647.81 million, whereas in rural areas it rose by 2.1% to 522.92 million. Therefore, the rise in the growth of mobile and internet subscribers is driving the growth of the telecom billing and revenue management market. The 2023, 2024, and 2028 market size values underscore the pivotal role of expanding telecommunications networks in fueling market expansion within the telecom billing and revenue management sector, reflecting a growing demand for advanced billing and revenue management solutions amidst increasing mobile and internet penetration rates globally.
Get A Free Sample Of The Global Telecom Billing And Revenue Management Market ReportGlobal Telecom Billing And Revenue Management Market Segments
The global telecom billing and revenue management market covered in this report is segmented –
1) By Component: Solutions, Services
2) By Deployment Model: On-premises, Cloud
3) By Operator Type: Mobile Operator, Internet Service Providers
By Geography: The regions covered in the telecom billing and revenue management market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
North America was the largest region in the telecom billing and revenue management market in 2023. The regions covered in the telecom billing and revenue management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Telecom Billing And Revenue Management Industry Players
Accenture PLC, ALE International SAS, Amdocs Limited, BearingPoint Europe Holdings B.V., Cerillion PLC, Comarch SA, Comviva Technologies Limited, CSG International Corporation, Enghouse Systems Limited, Hewlett Packard Enterprise Company, Huawei Technologies Co Ltd., NetCracker Technology Corporation, Optiva Inc., Oracle Corporation, SAP SE, Sterlite Technologies Limited, Subex Limited, Telefonaktiebolaget LM Ericsson, Zuora Inc., Alepo Technologies Inc., Aptilo Networks Inc., AsiaInfo Technologies Limited, Calvi Business Software BV, Converse Rubber Shoe Company, Formula Telecom Solutions Ltd., International Business Machines Corporation, Intracom Telecom SA, NexBridge Technologies Inc., Openet Telecom Inc., Tango Telecom Ltd., Tech Mahindra Ltd., ZTE Corporation
Get The Full Global Telecom Billing And Revenue Management Market Report
Telecom Billing And Revenue Management Market Overview
Telecom billing and revenue management refers to the group of processes that involves communication services providers and management of debt collection. It is enterprise application software that includes all the policies and processes designed to support the telecommunications billing processes and revenue management.
Telecom Billing And Revenue Management Global Market Report 2023 provides data on the global telecom billing and revenue management market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The telecom billing and revenue management market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.