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(Wireless-NewsWire.Com, August 25, 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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Telecom companies, CSP’s and telco operators across the globe use numerous and advance Business Support Systems (BSS) and services that help them to achieve improved operational efficiency and capability while optimizing resources and achieving high profitability. Telecom companies have started focusing on optimizing and achieving efficient billing and revenue management processes, which will further help them to improve their profitability and gain competitive edge.
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 global market is bifurcated into fraud management software, partner & interconnects management software, mediation software, and revenue assurance software. Furthermore, this market is divided on the basis of services into consulting services, operations services, managed services, and system integration services. On-premise, hybrid deployment and cloud based are the types of deployment model types in this market.
Presently, 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 telecom billing and revenue management 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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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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