The North America Convergent Billing Market would witness market growth of 19.0% CAGR during the forecast period (2022-2028).
Convergent Billing is a one-of-a-kind solution to the numerous issues faced by communications service providers (CSP). This innovation has drastically transformed the telecom sector because it promises to minimize customer churn and CSP costs. Due to the fact that a convergent billing system offers a single view of all the goods and services utilized by consumers on a single invoice, customers may now pay for all telecom services with a single payment.
This technique is advantageous for both customers and vendors. CSPs can showcase all of their items in a single catalog, which reduces the time to market for every product and facilitates cross-selling for a variety of products and services. In contrast, not only do customers pay a single bill, but they also receive cross-service discounts so that users who order multiple services can simply receive preferential pricing.
As digitalization has increased, consumer preferences have evolved toward more complex and digitally delivered services. A consolidated bill provides customers with a summary of all the services they have selected from the company. This unified perspective offers cross-service discounts to customers, allowing those who select various services to receive a preferential pricing model. Moreover, discounts can serve as a marketing technique to encourage customers to buy additional services.
Because of its preeminent position in the technological landscape throughout the world, the North American region is witnessing a rapid surge in the adoption of a convergent billing approach. As a result of the dramatic shifts taking place in the technological landscape across a variety of business sectors, there has been an increase in the demand for linked devices. Also picking up steam in the region is the practice of customer relationship management. This is being driven by factors, like the increasing digitalization of businesses across all industry sectors, as well as the penetration of cloud technology and a variety of service models.
The US market dominated the North America Convergent Billing Market by Country in 2021; thereby, achieving a market value of $10.0 billion by 2028. The Canada market is experiencing a CAGR of 21.7% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 20.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Customer Relationship Management, Settlement & Payment Management, Mediation, Voucher Management, and Others) and Services (Consulting Services, Managed Services, and Customization Services). Based on Deployment, the market is segmented into On-premises and Cloud. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Convergent Billing Market is Predict to reach $42.4 Billion by 2028, at a CAGR of 20.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, MIND C.T.I. LTD, CSG Systems International, Inc., Comarch SA, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Optiva, Inc., Amdocs Limited, Sterlite Technologies Limited and IDI Billing Solutions.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Solution
- Customer Relationship Management
- Settlement & Payment Management
- Mediation
- Voucher Management
- Others
- Services
- Consulting Services
- Managed Services
- Customization Services
By Deployment
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- MIND C.T.I. LTD
- CSG Systems International, Inc.
- Comarch SA
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Nokia Corporation
- Optiva, Inc.
- Amdocs Limited
- Sterlite Technologies Limited
- IDI Billing Solutions
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Convergent Billing Market, by Offering
1.4.2 North America Convergent Billing Market, by Deployment
1.4.3 North America Convergent Billing Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies deployed in Convergent Billing Market
Chapter 4. North America Convergent Billing Market by Offering
4.1 North America Solution Market by Country
4.2 North America Convergent Billing Market by Solution Type
4.2.1 North America Customer Relationship Management Market by Country
4.2.2 North America Settlement & Payment Management Market by Country
4.2.3 North America Mediation Market by Country
4.2.4 North America Voucher Management Market by Country
4.2.5 North America Others Market by Country
4.3 North America Services Market by Country
4.4 North America Convergent Billing Market by Services Type
4.4.1 North America Consulting Services Market by Country
4.4.2 North America Managed Services Market by Country
4.4.3 North America Customization Services Market by Country
Chapter 5. North America Convergent Billing Market by Deployment
5.1 North America On-premise Market by Country
5.2 North America Cloud Market by Country
Chapter 6. North America Convergent Billing Market by Country
6.1 US Convergent Billing Market
6.1.1 US Convergent Billing Market by Offering
6.1.1.1 US Convergent Billing Market by Solution Type
6.1.1.2 US Convergent Billing Market by Services Type
6.1.2 US Convergent Billing Market by Deployment
6.2 Canada Convergent Billing Market
6.2.1 Canada Convergent Billing Market by Offering
6.2.1.1 Canada Convergent Billing Market by Solution Type
6.2.1.2 Canada Convergent Billing Market by Services Type
6.2.2 Canada Convergent Billing Market by Deployment
6.3 Mexico Convergent Billing Market
6.3.1 Mexico Convergent Billing Market by Offering
6.3.1.1 Mexico Convergent Billing Market by Solution Type
6.3.1.2 Mexico Convergent Billing Market by Services Type
6.3.2 Mexico Convergent Billing Market by Deployment
6.4 Rest of North America Convergent Billing Market
6.4.1 Rest of North America Convergent Billing Market by Offering
6.4.1.1 Rest of North America Convergent Billing Market by Solution Type
6.4.1.2 Rest of North America Convergent Billing Market by Services Type
6.4.2 Rest of North America Convergent Billing Market by Deployment
Chapter 7. Company Profiles
7.1 SAP SE
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations & Agreements:
7.1.6 SWOT Analysis
7.2 MIND C.T.I. LTD
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.3 CSG Systems International, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.4 Comarch SA
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Regional Analysis
7.4.4 Research & Development Expense
7.4.5 Recent strategies and developments:
7.4.5.1 Geographical Expansions:
7.5 Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.6 Nokia Corporation
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.7 Optiva, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 Amdocs Limited
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.8.4 Research & Development Expense
7.8.5 Recent strategies and developments:
7.8.5.1 Partnerships, Collaborations, and Agreements:
7.8.5.2 Product Launches and Product Expansions:
7.9 Sterlite Technologies Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Regional Analysis
7.9.4 Research & Development Expense
7.10. IDI Billing Solutions
7.10.1 Company Overview
TABLE 1 North America Convergent Billing Market, 2018 - 2021, USD Million
TABLE 2 North America Convergent Billing Market, 2022 - 2028, USD Million
TABLE 3 North America Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 4 North America Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 5 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 North America Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 North America Customer Relationship Management Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Customer Relationship Management Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Settlement & Payment Management Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Settlement & Payment Management Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Mediation Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Mediation Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Voucher Management Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Voucher Management Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 22 North America Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 23 North America Consulting Services Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Consulting Services Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Managed Services Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Managed Services Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Customization Services Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Customization Services Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 30 North America Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 31 North America On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 North America On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Convergent Billing Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Convergent Billing Market by Country, 2022 - 2028, USD Million
TABLE 37 US Convergent Billing Market, 2018 - 2021, USD Million
TABLE 38 US Convergent Billing Market, 2022 - 2028, USD Million
TABLE 39 US Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 40 US Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 41 US Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 42 US Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 43 US Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 44 US Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 45 US Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 46 US Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 47 Canada Convergent Billing Market, 2018 - 2021, USD Million
TABLE 48 Canada Convergent Billing Market, 2022 - 2028, USD Million
TABLE 49 Canada Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 50 Canada Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 51 Canada Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 Canada Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 Canada Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 54 Canada Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 55 Canada Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 56 Canada Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 57 Mexico Convergent Billing Market, 2018 - 2021, USD Million
TABLE 58 Mexico Convergent Billing Market, 2022 - 2028, USD Million
TABLE 59 Mexico Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 60 Mexico Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 61 Mexico Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 62 Mexico Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 63 Mexico Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 64 Mexico Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 65 Mexico Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 66 Mexico Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 67 Rest of North America Convergent Billing Market, 2018 - 2021, USD Million
TABLE 68 Rest of North America Convergent Billing Market, 2022 - 2028, USD Million
TABLE 69 Rest of North America Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 70 Rest of North America Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 71 Rest of North America Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 Rest of North America Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 Rest of North America Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 74 Rest of North America Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 75 Rest of North America Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 76 Rest of North America Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 77 Key Information – SAP SE
TABLE 78 Key Information – MIND C.T.I. LTD
TABLE 79 Key Information – CSG Systems International, Inc.
TABLE 80 key Information – Comarch SA
TABLE 81 key information – Huawei Technologies Co., Ltd.
TABLE 82 Key Information – Nokia Corporation
TABLE 83 Key Information – Optiva, Inc.
TABLE 84 Key Information – Amdocs Limited
TABLE 85 Key Information – Sterlite Technologies Limited
TABLE 86 Key Information – IDI Billing Solutions
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: SAP SE
FIG 3 Recent strategies and developments: CSG Systems International, Inc.
FIG 4 Recent strategies and developments: Optiva, Inc.
FIG 5 Recent strategies and developments: Amdocs Limited