Press release
Leading Growth Driver in the Telecom Cloud Billing Market in 2025: Surge In Adoption Propels Telecom Cloud Billing Market Growth Driver's Influence
Telecom Cloud Billing Market Size
The size of the telecom cloud billing market has seen exponential growth in recent periods. The sector, which was valued at $15.2 billion in 2024, is forecasted to increase to $19.25 billion in 2025, reflecting a compound annual growth rate (CAGR) of 26.6%. This growth during the historical period is linked to the elevated adoption of cloud-based billing systems, increased usage of smartphones, reduced operational and administrative costs, enhancements and higher usage of cloud technologies, growing mobile penetration, and the demand for instantaneous billing.
The market size of telecom cloud billing is anticipated to exhibit exceptional expansion in the coming years, reaching a value of $49.03 billion in 2029 with a compound annual growth rate (CAGR) of 26.3%. Several factors can be attributed to this growth during the forecasted period including the escalating demand for revenue management, analysis of competitive landscape, rising adoption of cloud-based billing, as well as increased demand for bundled services. The forecast period will also see key trends such as improved and augmented adoption of cloud-based technologies, an increased rate of mobile penetration, requirement for real-time billing, and quick economic development.
What Is Contributing to the Growth of the Telecom Cloud Billing Market?
The surge in the use of cloud computing is set to fuel the advancement of the telecom cloud billing industry. Cloud computing provides a myriad of computing services which include servers, storage, databases, networking, software, analytics, and intelligence, via the internet, leading to quicker advancements, flexible resources, and scalability. Telecom cloud billing significantly benefits from cloud computing as it enables scalability of resources, providing elasticity to meet billing and provisioning demands, widely used in telecom sector. For instance, the 2022 State Of The Cloud report, which carried out a survey among 753 technical and business professionals, stated that 89% who utilize cloud technologies often use multi-cloud solutions for managing workloads and storage in 2022. Furthermore, 2% use a unique private cloud solution, and 9% use a single public cloud, showing an increase of 1% from 2021. Hence, the escalating use of cloud computing is pushing the progress of the telecom cloud billing market.
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Which Key Market Leaders Are Driving Telecom Cloud Billing Industry Growth?
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
What Are the Emerging Trends in the Telecom Cloud Billing Industry?
Leading corporations in the telecom cloud billing industry are coming up with inventive technologies, such as telecom data clouds, with the aim of improving their services to clients. A telecom data cloud is a tailored cloud-based system that is geared towards managing and utilizing data churned out by telecommunications service providers. For example, Snowflake Inc., a cloud computing data cloud company in the United States, introduced the Telecom Data Cloud in February 2023. This fully controlled platform is intended to assist telecommunications service providers in capitalizing on data and enhancing operational effectiveness, including in terms of their cloud services billing model. The purpose of the Telecom Data Cloud is to eliminate data silos, facilitate personalized data and app services, and fast-track value delivery to customers. It melds Snowflake's data platform with partner-provided solutions and industry-specific data sets, so that firms can easily retrieve and disseminate data almost instantly, devise machine learning models, and expedite business decision-making.
What Are the Main Segments in the Telecom Cloud Billing Market?
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
Subsegments:
1) By Convergent: Unified Billing Systems, Multi-Service Billing Solutions
2) By Prepaid: Prepaid Charging Systems, Voucher Management Systems
3) By Postpaid: Postpaid Billing Solutions, Invoice Management Systems
4) By Interconnect: Interconnect Billing Systems, Usage Data Management Solutions
5) By Roaming: Roaming Billing Solutions, Roaming Data Management Systems
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Which Geographic Area Leads the Telecom Cloud Billing Market?
North America was the largest region in the telecom cloud billing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the telecom cloud billing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Telecom Cloud Billing Global Market Report?
- Market Size Analysis: Analyze the Telecom Cloud Billing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Telecom Cloud Billing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Telecom Cloud Billing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Telecom Cloud Billing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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