Press release
Convergent Billing Market is Projected to Reach USD 74.2 billion by 2030: Cognitive Market Research
Convergent Billing Market is Projected to Reach USD 74.2 billion by 2030: Cognitive Market Research
Convergent billing is the process of combining all service charges into a single customer invoice and creating a unified customer profile. Attending a call center will allow the customer to obtain detailed account information for all selected services. The customer only needs to pay once for all the services after receiving a single bill. Regardless of the kind of product and market area, a truly convergent billing system should be able to include any number and combination of goods and services into a single bill. Also, different billing systems and strategies have been developed throughout the years by telecom operators and organizations all over the world to help customers and advance the telecommunications sector.
Summary:
As per the study of CMR, The Global Convergent Billing Market reached USD 11.8 billion in 2022 and will reach USD 74.2 billion by 2030, growing at a CAGR of 20.2% from 2022 to 2030.
To know more about The Convergent Billing Market statistics click here: https://www.cognitivemarketresearch.com/convergent-billing-market-report
Global Convergent Billing Market Dynamics:
An increase in digital transformation activities as a result of the COVID-19 pandemic and the increased usage of convergent billing solutions to improve operation & productivity are the major factors that drive the demand for the global convergent billing market. This is attributed to the COVID-19 pandemic outbreak has resulted in stay-at-home policies, low-cost business models, and limited mobility, around the world along with volatile, complex, uncertain, conditions for corporate operation. In order to remain viable in the market many companies increasing the speed of their digital transformation initiatives which drives the demand for the global market.
Furthermore, an increase in investment in innovative technology such as IoT big data, and AI, is expected to provide opportunities for the growth of the global market. However, privacy concerns and data security may restrain the growth of the global market.
Global Convergent Billing Market Segmentation:
Component:
• Solutions
• Services
Based on components, the solution segment dominates the global convergent billing market. This is attributed to technological developments that allow convergent billing to transform industries.
Deployment Mode:
• On-Premise
• Cloud
As per the CMR analyst, based on the deployment mode, the on-premise segment dominates the global convergent billing market. This is attributed to On-premise deployment allows the implementation of all the hardware and software needed to operate and maintain convergent billing software on the customer's system.
Enterprise Size:
• Large Enterprises
• Small and Medium-sized Enterprises
Competitive Analysis of Convergent Billing Market: CSG Systems International Inc, IBM Corporation, Sterlite technologies limited, Amdocs, Huawei Technologies Co. Ltd, Optiva Inc, Oracle Corporation, Telefonaktiebolaget LM Ericsson, Comarch SA, Nokia Corporation
Get free sample pages of the latest published Convergent Billing Market Report: https://www.cognitivemarketresearch.com/convergent-billing-market-report
North America has the highest revenue share in the global convergent billing market
North America region is forecasted to dominate the global convergent billing market with the highest growth rate. This is attributed to the presence of major market players, such as Amdocs and CSG International. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of revenue share. This is attributed to the increasing population in countries such as India and China create a large customer base for telecom providers, which drives the demand for a global convergent billing market.
Global Convergent Billing Market Recent Development:
Nokia introduced a charging configurator microservice
In September 2021, Nokia introduced a charging configurator microservice for its existing Nokia Converged Charging (NCC) monetization solution, which enables Communications Service Providers (CSPs) to develop new charging logic and service offers and deliver new 5G services more quickly.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Convergent Billing Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Convergent Billing Market Segmentation
1.5.1 Convergent Billing Market Regional Fragmentation
1.5.1 Convergent Billing Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Convergent Billing Market
• 3.1 Global Convergent Billing Market Size 2018 - 2030, (USD Million)
• 3.2 Global Convergent Billing Value, Absolute & Opportunity Analysis
• 3.3 Global Convergent Billing Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Convergent Billing Market Statistics 2022: Snapshot
Chapter 4 Global Convergent Billing Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Convergent Billing Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Convergent Billing Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Convergent Billing Market by Component Segmentation Analysis (2018-2030)
Chapter 12 Global Convergent Billing Market by Deployment Mode Segmentation Analysis (2018-2030)
Chapter 13 Global Convergent Billing Market by Enterprise Size Segmentation Analysis (2018-2030)
Chapter 14 Global Convergent Billing Market Regional Analysis
Chapter 15 North America Convergent Billing Market Outlook (2018 - 2030)
Chapter 16 Europe Convergent Billing Market Outlook (2018 - 2030)
Chapter 17 Asia Pacific Convergent Billing Market Outlook (2018 - 2030)
Chapter 18 Latin America Convergent Billing Market Outlook (2018 - 2030)
Chapter 19 Middle East and Africa Convergent Billing Market Outlook (2018 - 2030)
Chapter 20 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Convergent Billing Market TOC click here: https://www.cognitivemarketresearch.com/convergent-billing-market-report#table_of_contents
Related Report:
• Convergent Charging Software and Services Market- https://www.cognitivemarketresearch.com/convergent-charging-software-and-services-market-report
• Telecom Cloud Billing Market- https://www.cognitivemarketresearch.com/telecom-cloud-billing-market-report
• Telecom Cloud Billing Services Market- https://www.cognitivemarketresearch.com/telecom-cloud-billing-services-market-report
• Billing And Invoice System Market- https://www.cognitivemarketresearch.com/billing-and-invoice-system-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly
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