According to a new report Global Telecom Billing & Revenue Management Market, published by KBV research, The Global Telecom Billing & Revenue Management Market size is expected to reach $25.7 billion by 2026, rising at a market growth of 13% CAGR during the forecast period.
The solutions segment has dominated the market of telecom billing and revenue management in 2019. Due to the increasing adoption of telecom billing and revenue management solutions and a number of benefits accompanying with it, the high share is attributed to this. Moreover, the services segment is likely to witness a significant growth over the forecast period. The services segment is sub-segmented into managed services and professional services. These services are beneficial for telecom operators and customer service providers to attain better control, enhanced operational efficiency. The telecom billing and revenue management services are helpful for companies in enhancing the overall profitability.
The on-premises deployment model conquered the telecom billing and revenue management market in 2019. This high share is largely attributed to increase in the investments by many large enterprises for in-house software placement. Although, the cloud model has shown more popularity, the on-premises model is considered as the most preferable deployment model among operators.
The mobile operator segment has dominated the market for telecom billing and revenue management in the year 2019. Their high share is largely attributed to the increase in mobile penetration across the globe and increase in the number of subscriber base across different regions.
In the year 2019, The North America ruled the market for telecom billing and revenue management. The high demand for the telecom sector as well as implementation of innovative technologies are mainly attributable its high share to in the market. The U.S. also dominated the market for telecom billing and revenue management in terms of revenue, due to their adoption of advanced technologies, like cloud and IoT, 5G, analytics. The market for telecom billing and revenue management in Asia Pacific, is predicted to show highest CAGR in the foreseeable future. The growth of this region is primarily attributed to improvement in the needs for an innovative billing and revenue management solutions and services.
Structural Insights: https://www.kbvresearch.com/telecom-billing-revenue-management-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Accenture PLC, Amdocs Limited, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), SAP SE, Ericsson AB, Oracle Corporation, CSG Systems International, Inc., Cerillion PLC, Sterlite Technologies Limited, and Comarch SA.
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