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(Wireless-NewsWire.Com, August 02, 2016 ) According to the new Market research study published by The Insight Partners, The global Telecom Billing and Revenue Management Market was valued at US $9.27 billion in 2015. The market of telecom billing and revenue management is expected to grow at a CAGR of 10.7% between 2016 and 2025, to reach US $25.27 Billion in 2025.
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One of the prime factors that are driving the global telecom billing and revenue management market include increasing mobile penetration worldwide and high growth in the subscriber base in various regions. High capital expenses (CAPEX) involved in upgrading the existing network infrastructure and establishing new one, along with complex regulatory environment are few factors hindering the global market
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The telecom billing and revenue management market is divided on the basis of solutions, services and deployment models, the solutions segment is further categorized on the basis of billing and charging software, mediation software, fraud management software, revenue assurance software, partner and interconnects management software, the service segment is further classified on the basis of, managed services, operations services, consulting services, and system integration services. The market is further classified on the basis of deployment types into cloud-based deployment, on-premise deployment and hybrid deployment
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The billing and charging software segment had the largest share of the global telecom billing and revenue management market by solution types in 2015, whereas the revenue assurance software segment is expected to grow at the highest CAGR of 12.2% between 2016 and 2025.In the deployment model segments on-premise deployment holds the major share of the telecom billing and revenue management market in 2015, whereas the cloud based deployment segment is anticipated to grow at the highest CAGR between 2016 and 2025.
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Asia-Pacific dominates the global telecom billing and revenue management market, due to high growth of telecom industry in the last decade and increasing data consumption trend In addition, North America and Europe wearable technology market is anticipated to be grow at a decent growth rate owing improving needs for advanced billing and revenue management solutions and services.
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The major companies operating in the telecom billing and revenue management market include Accenture PLC (US), Alcatel-Lucent S.A. (France), Amdocs, Inc. (US), CERILLION PLC (UK), CSG Systems International, Inc. (US), Ericsson (Sweden), go Transverse International, Inc. (US), Hewlett-Packard Development Company, L.P (US), Huawei Technologies Co., Ltd. (China), NEC Corporation (Japan), Oracle Corporation (US), Redknee, Inc. (Canada), SAP SE (Germany), XURA (US).
About The Insight Partners:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, and Telecommunication industries.
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Sameer Joshi
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