Press release
Telecom Cloud Billing Market Research 2024-2033: Competitor Analysis, Outlook, and Overview
Telecom Cloud Billing Market Research
As per the report, the telecom cloud billing market size has grown exponentially in recent years. It will grow from $12 billion in 2023 to $15.2 billion in 2024 at a compound annual growth rate (CAGR) of 26.7%. The telecom cloud billing market size is expected to see exponential growth in the next few years. It will grow to $38.78 billion in 2028 at a compound annual growth rate (CAGR) of 26.37%.
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Surge In Adoption Propels Telecom Cloud Billing Market Growth
The rising adoption of cloud computing is expected to propel the growth of the telecom cloud billing market going forward. Cloud computing is the delivery of computing services, including servers, storage, databases, networking, software, analytics, and intelligence, over the Internet to offer faster innovation, flexible resources, and economies of scale. Cloud computing provides telecom cloud billing with the ability to scale resources up or down as needed, allowing for flexibility in managing billing and provisioning demands, which is used by the telecom industry. For instance, according to 2022 State Of The Cloud report, a survey of 753 technical and business professionals, revealed that 89% of those that use the cloud use multi-cloud solutions for workloads and storage in 2022. Further, 2% use one private cloud solution, and 9% use one public cloud (up 1% from 2021). Therefore, the rising adoption of cloud computing is driving the growth of the telecom cloud billing market.
Innovative Telecom Data Clouds For Enhanced Data Management And Monetization Strategies
Major companies operating in the telecom cloud billing market are developing innovative technologies, such as telecom data clouds, to better serve their customers. A telecom data cloud is a specific type of cloud-based platform designed for the management and utilization of data generated by telecommunications service providers (telcos). For instance, in February 2023, Snowflake Inc., a US-based cloud computing-based data cloud company, launched the Telecom Data Cloud, a fully managed platform designed to help telecommunications service providers monetize data and maximize operational efficiency, including the cloud services billing model. The Telecom data cloud aims to break down data silos, drive personalized data and application services, and deliver reduced time-to-value for customers. It unites Snowflake's data platform, partner-delivered solutions, and industry-specific datasets, allowing organizations to easily access and share data in near real-time, build machine learning models, and make faster business decisions.
The telecom cloud billing market covered in this report is segmented -
1) By Type : Convergent, Prepaid, Postpaid, Interconnect, Roaming
2) By Service: Professional, Managed
3) By Application: Revenue Management, Account Management, Customer Management, Traffic Management, Billing and Provisioning
4) By End User: Transportation, Government, Media And Entertainment, Healthcare, Banking, Financial Services and Insurance (BFSI), Retail
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Major companies operating in the telecom cloud billing market report are Verizon Communications Inc., Deutsche Telekom AG , AT&T Corporation, NTT Communications Corporation , Huawei Technologies Co. Ltd., Vodafone Group Plc, Oracle Corporation, SAP SE, Telefonaktiebolaget LM Ericsson, Salesforce Inc., BT Group plc, Tata Consultancy Services Limited, Infosys Limited, Lumen Technologies Inc., Telstra Corporation Ltd., DXC Technology Company , Wipro Ltd., CGI Inc., Computer Sciences Corporation , Tech Mahindra Ltd., Amdocs, Netcracker Technology Corp., AsiaInfo Technologies Limited, Redknee Inc., Optiva Inc., Cerillion Technologies Limited
Contents of the report:
1. Executive Summary
2. Telecom Cloud Billing Market Report Structure
3. Telecom Cloud Billing Market Trends And Strategies
4. Telecom Cloud Billing Market - Macro Economic Scenario
5. Telecom Cloud Billing Market Size And Growth
…..
27. Telecom Cloud Billing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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