At 16.4% CAGR Telecom Billing and Revenue Management Market to Poise US$ 59,075.4Mn by 2028

According to our latest market study on "Global Telecom Billing and Revenue Management Market to 2027 - COVID-19 Impact and Global Analysis and Forecast- by Type (Telecom Billing, Cloud Billing, and IoT Billing); Component (Solution and Services); Deployment Type (Cloud, On-premise, and Hybrid); and Geography," the market was valued at US$ 20,362.5 million in 2020 and is projected to reach US$ 59,075.4 million by 2027; it is expected to grow at a CAGR of 16.4% from 2020 to 2027.The report highlights key factors driving the market growth, and prominent players and their developments in the market.

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Increasing mobile phone penetration worldwide and high growth in the subscriber base in various regions are among the prime factors driving the global telecom billing and revenue management market. High capital expenses (CAPEX) requirements to upgrade existing network infrastructure and establish a new one, and complex regulatory environment are a few of the factors hindering the global telecom billing and revenue management market. Providing telecom billing and revenue management systems using cloud and IoT technology is witnessing high demand across the globe. The telecom enterprises are set to become one of the main beneficiaries of the cloud and IoT industry in the coming years by receiving large revenues from numerous types of paid services, accomplishing rise in profit margins, building their brand of cloud service system through the analysis of user needs. Further, the growing preference and shift toward cloud and IoT solutions and services are providing an opportunity for the growth of the telecom billing and revenue management market players. These technologies have changed the communications landscape by allowing various devices to interact with each other.

The increasing necessity for improved connectivity solutions to connect smart devices, and growing demand from telecom and smart equipment manufacturers to monetize as well as handle the smart equipment via connectivity have been the foremost factors driving the global telecom billing and revenue management market growth. Telcos are stimulating over-the-top (OTT) applications that boost the adoption of IoT telecom services. IoT-based billing platforms confer power and flexibility to ensure monetization of the services, products, and revenue streams. According to the GSMA report, ~25 billion IoT devices are estimated to be connected by 2025.

Several notable players profiled in the global telecom billing and revenue management market include Alcatel-Lucent S.A.; Amdocs, Inc.; Cerillion 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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COVID-19 Impact on Telecom Billing and Revenue Management Market

According to latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the currently active COVID-19 pandemic. The COVID-19 crisis had a positive impact on the growth of a few sectors, including IT and telecommunications. The demand for digital services especially has escalated at a high rate in past few months. Nevertheless, the decrease in business activities such as partnerships meant to boost the adoption of telecom billing and revenue management solutions in various countries is anticipated to hinder the growth of telecom billing and revenue management provider in the next few financial quarters. Thus, due to a mixed impact, the market growth would drop by a small margin in 2020 and 2021.

Major Key Points of Telecom Billing and Revenue Management Market

Telecom Billing and Revenue Management Market Overview
Telecom Billing and Revenue Management Market Competition
Telecom Billing and Revenue Management Market, Revenue and Price Trend
Telecom Billing and Revenue Management Market Analysis by Application
Company Profiles and Key Figures in Telecom Billing and Revenue Management Market
Market Dynamics
Methodology and Data Source

Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape of Brown Sugar market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

TABLE OF CONTENTS

Introduction

Key Takeaways

Research Methodology

Telecom Billing and Revenue Management Market Landscape

Telecom Billing and Revenue Management Market - Key Market Dynamics

Telecom Billing and Revenue Management Market - Global Market Analysis

Telecom Billing and Revenue Management Market - Revenue and Forecasts To 2028 - Segmentation

Overview

Telecom Billing and Revenue Management Market Revenue and Forecasts To 2028 - Geographical Analysis

Industry Landscape

Telecom Billing and Revenue Management Market, Key Company Profiles

Appendix

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