Telecom Cloud Billing Market on Track for Strong Growth, Estimated to Grow at 26.3% CAGR Through 2029

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What Is the Expected CAGR for the Telecom Cloud Billing Market Through 2025?
The market size of telecom cloud billing has witnessed a significant surge in the past few years. This market is anticipated to expand from a value of $15.2 billion in 2024 to $19.25 billion in 2025, with a compound annual growth rate (CAGR) of 26.6%. This substantial growth during the historic period is credited to factors such as the growing use of cloud-based billing, rise in smartphone usage, reduction in operational and administration expenses, advancements and proliferation of cloud-based technologies, increasing mobile proliferation, and the requirement for immediate billing.

What's the Projected Size of the Global Telecom Cloud Billing Market by 2029?
The size of the telecom cloud billing market is predicted to witness tremendous expansion in the coming years, swelling to $49.03 billion by 2029 with a compound annual growth rate (CAGR) of 26.3%. The surge during the forecast period is due to increasing needs for revenue management, analyzing competitive landscapes, transitions to cloud-based billing, and a high demand for bundled services. Emerging trends during this forecast period include a rise in the adoption and sophistication of cloud-based technologies, a surge in mobile phone usage, requirements for immediate billing, and rapid economic progression.

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Top Growth Drivers in the Telecom Cloud Billing Industry: What's Accelerating the Market?
The growth of the telecom cloud billing market is predicted to be fuelled by the increasing uptake of cloud computing. Considered as the provision of computing services such as servers, storage, databases, networking, software, analytics, and intelligence across the web, cloud computing allows for swift innovation, adaptable resources, and economies of scale. With cloud computing, telecom cloud billing can tailor resources to match requirements, facilitating efficient management of billing and provisioning demands, a key need within the telecom sector. The 2022 State Of The Cloud report, a survey undertaken by 753 technical and business professionals, divulged that 89% of cloud users employed multi-cloud solutions for their workload and storage needs in 2022. There were 2% that utilized a single private cloud solution, while 9% used a single public cloud, indicating a 1% increase from 2021. Consequently, the burgeoning use of cloud computing is propelling the development of the telecom cloud billing market.

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What Trends Will Shape the Telecom Cloud Billing Market Through 2029 and Beyond?
Leading firms in the telecom cloud billing market are pioneering advances, such as telecom data clouds, to optimize their customer service. A telecom data cloud offers a cloud-based solution designed expressly for handling and using data produced by telecommunication service providers. For instance, in February 2023, Snowflake Inc., an American business specialising in cloud computing-based data cloud, introduced the Telecom Data Cloud. This turnkey platform is crafted to assist telecommunications service providers cultivate data and enhance operational productivity, including the billing model for cloud services. The Telecom data cloud aspires to dismantle data compartments, propel custom data and application services, and offer a quicker value for customers. It integrates Snowflake's data platform, solutions delivered by partners, and sector-specific datasets, enabling organizations to readily access and exchange data nearly in real-time, develop 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 Top Companies are Driving Growth in the Telecom Cloud Billing Market?
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

Which Regions Will Dominate the Telecom Cloud Billing Market Through 2029?
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.

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