Press release
Surge In Adoption Propels Telecom Cloud Billing Market Growth Driver: A Major Catalyst in the Evolution of the Telecom Cloud Billing Market in 2025
Telecom Cloud Billing Market Share
The advancement of the telecom cloud billing market is anticipated to be boosted by the growing application of cloud computing. This term refers to the provision of computing resources such as servers, storage, databases, network, software, analytics, and intelligence via the Internet, contributing to rapid innovation, flexible resources, and scale economies. Cloud computing equips the telecom cloud billing with the capacity to adjust resources according to needs, enabling flexibility in handling billing and provisioning requirements in the telecom sector. The 2022 State Of The Cloud report, for instance, studying 753 technical and business experts, disclosed that 89% of cloud users utilize multi-cloud solutions for workloads and storage in 2022. Furthermore, 2% employ a single private cloud solution, with 9% employing a single public cloud (an increase of 1% from 2021). As a result, the growing utilization of cloud computing propels the expansion of the telecom cloud billing market.
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What Is the projected market size and growth rate for the telecom cloud billing market?
In recent times, the telecom cloud billing market has seen an explosive growth. The market, which was valued at $15.2 billion in 2024 is projected to augment to $19.25 billion in 2025, impressive growth that represents a compound annual growth rate (CAGR) of 26.6%. This substantial growth during the historic period can be traced back to factors such as the growing incorporation of cloud-based billing, widespread use of smartphones, reduction in administrative and operational costs, advancement and wide-spread acceptance of cloud-based technologies, the rise in mobile penetration, and the requirement for real-time billing.
The market size of telecom cloud billing is predicted to witness a tremendous upsurge in the coming years, reaching $49.03 billion by 2029 with a compounded annual growth rate of 26.3%. Factors contributing to this anticipated growth within the forecast period include a rise in demand for revenue management, analysis of the competitive landscape, widespread acceptance of cloud-based billing, and a surge in demand for bundled services. The projection period is also expected to see trends such as the progression and growing acceptance of technologies based on the cloud, increased mobile usage, and the necessity for instantaneous billing, coupled with swift economic growth.
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What new trends are reshaping the telecom cloud billing market and its opportunities?
Major firms in the telecom cloud billing sector are formulating novel technologies such as telecom data clouds to improve customer service. In the context of telecommunications service providers (telcos), a telecom data cloud is a specialized cloud-based platform designed to manage and utilize data generated by them. For example, in February 2023, the Telecom Data Cloud, a fully regulated platform to facilitate telcos in capitalizing on data and optimizing operational efficiency, including the cloud services billing model, was launched by Snowflake Inc., an American company specializing in cloud computing-based data clouds. The objective of the Telecom Data Cloud is to remove data compartments, promote personalized data along with application services, and ensure customers get a reduced time-to-value. It combines Snowflake's data platform, solutions provided by partners, and industry-specific datasets, so organizations can quickly access, share data nearly in real-time, create machine learning models, and hasten business decision-making.
What major market segments define the scope and growth of 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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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.
Which key market leaders are driving the 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
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What Is Covered In The Telecom Cloud Billing Global Market Report?
•Market Size Forecast: Examine the telecom cloud billing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the telecom cloud billing market for a structured understanding.
•Key Players Overview: Analyze major players in the telecom cloud billing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the telecom cloud billing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the telecom cloud billing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the telecom cloud billing market.
•Industry Challenges: Identify potential risks and obstacles affecting the telecom cloud billing market.
•Competitive Landscape: Review strategic developments in the telecom cloud billing market, including expansions, agreements, and new product launches.
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