Telecom Billing And Revenue Management Market Trends, Growth And Competitive Landscape, Outlook By 2033

The new report published by The Business Research Company, titled ""Telecom Billing And Revenue Management Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, 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 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%.

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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.

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.

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

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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

Contents of the report:
1. Executive Summary
2. Telecom Billing And Revenue Management Market Report Structure
3. Telecom Billing And Revenue Management Market Trends And Strategies
4. Telecom Billing And Revenue Management Market - Macro Economic Scenario
5. Telecom Billing And Revenue Management Market Size And Growth
…..
27. Telecom Billing And Revenue Management Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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