What is the global market size of Telecom Billing Revenue Management System Market?

Global Telecom Billing Revenue Management System Market size was valued at USD 13.3 billion in 2021 and is poised to grow from USD 14.69 billion in 2022 to USD 34.5 billion by 2030, growing at a CAGR of 10.39% in the forecast period (2023-2030).

Telecom Billing Revenue Management System Market Size, Share, Growth Analysis, By Solution(Software (Billing, Charging, Partner, Interconnect Management), By Deployment Type(On-Premises, Cloud), By Telecom Operator(Mobile Operators (Mobile Network Operator [MNO], Mobile Virtual Network Operator [MVNO], Mobile Virtual Network Enabler [MVNE]), Internet Service Providers (ISPs)), By Region - Industry Forecast 2024-2031

Q: Who are the key vendors in the Global Telecom Billing Revenue Management System Market?

The Global Telecom Billing Revenue Management System market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Amdocs', 'Ericsson', 'Huawei Technologies', 'NEC Corporation', 'Oracle', 'Cisco Systems', 'Comverse', 'Hewlett-Packard', 'NetCracker Technology', 'Redknee Solutions', 'SAP AG', 'Subex Limited', 'Alcatel-Lucent', 'Cerillion Technologies', 'CSG International', 'Elitecore Technologies', 'IBM Corporation', 'Mahindra Comviva', 'Optiva Inc.', 'Tech Mahindra Ltd.'

Report ID: SQSG50B2004 | Region: Global | Published Date: July, 2001
Pages: 157 | Tables: 97 | Figures: 76

Telecom Billing Revenue Management System Market Regional Insights

North America held the largest Global Telecom Billing Revenue Management System Market share in 2021. Some of the most prosperous companies in the world, like HPE and Enghouse Networks, are based in North America. However, the market's growth is decreasing as the North American telecom industry reaches maturity.

China, Japan, India, and the rest of Asia-Pacific are likely to dominate the regional market share, which is predicted to grow at the quickest rate over the projection period. This surge has been fueled by quick economic growth, a growing cellular subscriber base, an increase in smartphone use, rapid OTT platform expansion, and digital innovation in important countries like the United States. The Europe Telecom Billing & Revenue Management Market is anticipated to expand significantly over the course of the forecasted year. The portfolios of telecom service providers are continually expanded with new services, which raises the need for efficient billing and revenue management systems and solutions.

Telecom Billing Revenue Management System Market Report Snapshots

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Telecom Billing Revenue Management System Market size was valued at USD 13.3 billion in 2019 and is poised to grow from USD 14.69 billion in 2023 to USD 34.5 billion by 2031, growing at a CAGR of 10.39% in the forecast period (2024-2031).

The Telecom Billing Revenue Management System market is relatively fragmented, with a high level of competition. Companies are working on new product launches and other initiatives to provide better equipment to their customers and expand their companies globally. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses in order to increase market share and profitability. 'Amdocs', 'Ericsson', 'Huawei Technologies', 'NEC Corporation', 'Oracle', 'Cisco Systems', 'Comverse', 'Hewlett-Packard', 'NetCracker Technology', 'Redknee Solutions', 'SAP AG', 'Subex Limited', 'Alcatel-Lucent', 'Cerillion Technologies', 'CSG International', 'Elitecore Technologies', 'IBM Corporation', 'Mahindra Comviva', 'Optiva Inc.', 'Tech Mahindra Ltd.'

High mobile manufacturer penetration and competition amongst client service providers fuel the worldwide market. Partnerships with over-the-top (OTT) providers and cross-selling of goods to ensure prompt bill payment can be beneficial for the industry. The Telecom Billing Revenue Management System Market expansion may be aided by the establishment of packages for prepaid, postpaid, and hybrid clients as well as the development of business strategies for serving diverse customer types. For instance, Cerillion has introduced revenue management software to make sure CSPs may prompt clients with notifications and guarantee payment collection.

Over the course of the projected period, the telecom sector may be shaped by changing consumer needs and fresh prospects in areas like gaming, streaming, business services, and others. To maximise income streams and offer complementary services, telecom companies need software. As the industry consolidates and new prospects in augmented and virtual reality arise, partnerships and collaborations will be seen in astronomical numbers. The collaboration between Bouygues Telecom and Netcracker in 2021 serves as an illustration of this.

North America held the largest Telecom Billing Revenue Management System Market share in 2021. Some of the most prosperous companies in the world, like HPE and Enghouse Networks, are based in North America. However, the market's growth is decreasing as the North American telecom industry reaches maturity.

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Telecom Billing Revenue Management System Market Regional Insights

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