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(Wireless-NewsWire.Com, August 05, 2016 ) In the last few decades global telecom operators and Communication Service Providers (CSP’s) have experienced a significant change in numbers of end-users and their varying demands. Value added and data services have emerged as one the prime revenue sources in comparison to voice communication revenues, highly growing demographics across the regions and there dynamic demands for services has boosted the telecom sector and also the need for lowering the administrative costs with optimized operational expenses (OPEX).
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 bifurcated on the basis of solution, services and deployment type, the solution segment is further divided on the basis of Billing and Charging Software, Mediation Software, Fraud Management Software, Revenue Assurance Software, Partner and Interconnects Management Software. Services segment is further divided on the basis of managed services, consulting services and operations services, and system integration services. The market is further classified on the basis of deployment model into cloud-based deployment, on-premise deployment and hybrid deployment.
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China dominate the telecom billing and revenue management market in Asia Pacific (APAC) in 2015 and is expected to continue its supremacy by growing at a CAGR of 12.5% during the period of 2016 to 2025. Increasing demand for advanced billing and revenue management solutions in the telecom market is driving the growth in the telecom billing and revenue management industry. Moreover, there is a rise in demand for cloud services, on-cloud deployment of solutions and services is rising as one of the prominent options in comparison to on premise deployment.
Some of the major players in telecom billing and revenue management market include, Accenture PLC, Amdocs, Inc., Alcatel-Lucent S.A.,CERILLION PLC, Ericsson, CSG Systems International Inc., goTransverse International Inc., SAP SE, Redknee Inc., XURA, Oracle Corporation, Redknee, Inc., NEC Corporation, XURA , Hewlett-Packard Development Company, L.P., and Huawei Technologies Co., Ltd.
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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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