Telecom Billing And Revenue Management Market Growth Statistics, Regional Analysis, Top Players, Size, And Forecast To 2033

The telecom billing and revenue management market size has grown rapidly in recent years. It will grow from $20.4 billion in 2023 to $23.22 billion in 2024 at a compound annual growth rate (CAGR) of 13.8%. The growth in the historic period can be attributed to mobile subscriber growth, expansion of telecommunication services, increased complexity in pricing plans, customer demand for personalization, globalization of telecom operations, shift to prepaid billing models.

The telecom billing and revenue management market size is expected to see rapid growth in the next few years. It will grow to $38.86 billion in 2028 at a compound annual growth rate (CAGR) of 13.7%. The growth in the forecast period can be attributed to monetization of digital services, telecom industry consolidation, focus on customer experience, digital transformation initiatives, zero-rating and sponsored data, 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, collaboration and partnerships.

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.

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Surge In Mobile And Internet Subscribers Driving Telecom Billing And Revenue Management Market Growth
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.

Competitive Landscape -
Major companies operating in the telecom billing and revenue management market report are 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

Technological Advancement Driving Transformation In Telecom Billing And Revenue Management
Technological advancement is a key trend gaining popularity in the telecom billing and revenue management market. Many companies are investing in billing and revenue management solutions, service innovation and superior customer experience, and innovative technologies including artificial intelligence, big data analytics, and machine learning to attain a competitive edge in the market. For instance, in February 2022, Amdocs, a US-based provider of software and services to communications and media companies, developed the Amdocs Freestyle Billing solution to help service providers modernize their billing with a flexible, future-proofed offering that is next-generational and ready for new services, physical goods, and digital goods. To address the new capabilities and use cases made possible by 5G, like network slicing, AR/VR services in the field, precise monitoring, and more, Freestyle Billing offers a singular, comprehensive approach to flexible monetization. It presents a single, universal biller that enables every client, consumer, or corporation with a desired monetization model for their needs per various services, creating a plethora of alternatives for invoicing and business models based on preference. With a cutting-edge toolkit and an agile methodology, this ground-breaking product enables service providers to automate and optimize the customer experience.

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Key Segments -

The 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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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