Surge In Mobile And Internet Subscribers Driving Telecom Billing And Revenue Management Market Growth: An Emerging Driver Transforming The Telecom Billing And Revenue Management Market Landscape

The Telecom Billing And Revenue Management Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the Telecom Billing And Revenue Management Market?
The market size for telecom billing and revenue management has rapidly expanded in the recent times. Its projected growth rate is from $22.72 billion in 2024 to $25.58 billion in 2025, with a compound annual growth rate (CAGR) of 12.6%. This growth in the past period is a result of the increase in mobile subscribers, expansion in telecommunication services, complexity in pricing plans, consumer preference for tailored services, globalization of telecom operations, and a shift towards prepaid billing models.

Predictions indicate a swift expansion in the market size of telecom billing and revenue management, forecasted to reach $45.03 billion by 2029 with a compound annual growth rate (CAGR) of 15.2%. The predicted growth within the forecast period can be credited to factors such as digital services monetization, consolidation in the telecom industry, prioritization of customer experience, initiatives involving digital transformation, zero-rating and sponsored data, as well as elastic charging systems. Among the key trends expected in the forecast period are the convergence of services, introduction of subscription-based models, the incorporation of advanced analytics and artificial intelligence, enhancement of customer experience, blockchain technology integration, and a focus on collaboration and partnerships.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7949

What Are the Different Telecom Billing And Revenue Management Market 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

Subsegments:
1) By Solutions: Billing Solutions, Revenue Assurance Solutions, Customer Relationship Management (CRM) Solutions, Fraud Management Solutions, Order Management Solutions, Charging Solutions
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services, Managed Services, Training Services

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7949&type=smp

What Are the Primary Drivers Shaping the Telecom Billing And Revenue Management Market?
The anticipated surge in mobile and internet subscribers is set to drive the expansion of the telecom billing and revenue management market. The term "mobile and internet subscriber" alludes to each consumer who subscribes or is permitted to access an STE Service via the internet. Telecom billing and revenue management systems are utilized by digital service and telecommunication providers to boost operational efficiency by optimizing telecom networks. For example, the UK Parliament, a UK-based governing body, projected in August 2023 that there would be 24 billion interconnected devices globally by 2050. Within the UK, the expected number of smartphone users will hit 61 million by 2024. Consequently, the increasing number of mobile and internet subscribers is fuelling the expansion of the telecom billing and revenue management market.

Which Companies Are Leading in the Telecom Billing And Revenue Management Market?
Major companies operating in the telecom billing and revenue management market are accenture* PLC, Amdocs Limited, BearingPoint Europe Holdings B.V., Cerillion PLC, Comarch SA, Comviva Technologies Limited, CSG International Corporation, Enghouse Systems Limited, Huawei Technologies Co Ltd., NetCracker Technology Corporation, Optiva Inc., Oracle Corporation, SAP SE, Subex Limited, Telefonaktiebolaget LM Ericsson, Zuora Inc., Alepo Technologies Inc., Aptilo Networks Inc., AsiaInfo Technologies Limited, Formula Telecom Solutions Ltd., International Business Machines Corporation, Intracom Telecom SA, Openet Telecom Inc., Tango Telecom Ltd., Tech Mahindra Ltd., ZTE Corporation

What Are the Major Trends Shaping the Telecom Billing And Revenue Management Market?
The surge in technological progression is becoming a prominent trend in the telecom billing and revenue management market. Numerous corporations are capitalizing in billing and revenue management systems, service ingenuity, superior customer service, and pioneering technologies such as artificial intelligence, big data analytics, and machine learning to attain a competitive advantage. For example, in February 2022, Amdocs, an American firm providing software and services to communication and media companies, launched the Amdocs Freestyle Billing solution to aid service providers in modernizing their billing by providing a versatile, future-ready solution that is prepared for upcoming services, physical products, and digital wares. With the introduction of new features and use cases made possible by 5G, like network slicing, AR/VR services in the field, accurate monitoring, and more, Freestyle Billing offers a unified, all-inclusive approach to adjustable monetization. It introduces a single, universal biller catering to every client, consumer, or business with a personalized monetization model for their needs pertaining to diverse services, setting up a multitude of options for billing and business models based on their choice. Equipped with a state-of-the-art toolkit and a flexible methodology, this innovative product empowers service providers to automate and enhance the customer experience.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/telecom-billing-and-revenue-management-global-market-report

What Are the Top Revenue-Generating Geographies in the Telecom Billing And Revenue Management Market?
North America was the largest region in the telecom billing and revenue management market in 2024. The regions covered in the telecom billing and revenue management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Telecom Billing And Revenue Management Market?
2. What is the CAGR expected in the Telecom Billing And Revenue Management Market?
3. What Are the Key Innovations Transforming the Telecom Billing And Revenue Management Industry?
4. Which Region Is Leading the Telecom Billing And Revenue Management Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.