The Global Convergent Billing Market is Predict to reach $42.4 Billion by 2028, at a CAGR of 20.5%

Published Date: 24-Nov-2022

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Convergent Billing Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Convergent Billing Market size is expected to reach $42.4 billion by 2028, rising at a market growth of 20.5% CAGR during the forecast period.

The Solution market is leading the Global Convergent Billing Market by Offering in 2021; thereby, achieving a market value of $29.1 billion by 2028. The growth of this segment of the market is primarily attributed to the rising number of applications of convergent billing technology. Due to the rising workloads in various departments of the telecom as well as BFSI industry, the adoption of convergent billing solutions is increasing at a significant pace. Therefore, this factor is playing a major role in driving the growth of this segment of the market.

The Cloud market is experiencing a CAGR of 22.2% during (2022 - 2028). Customers all across the world prefer cloud-convergent billing systems due to their scalability and ease of use. It provides employees with a secure network for communication and collaboration, hence reducing processing time. In addition to reducing deployment time and IT expenses, cloud-based services minimize deployment duration, which is likely to drive the cloud deployment market throughout the forecast period.

The North America market dominated the Global Convergent Billing Market by Region in 2021; thereby, achieving a market value of $13.9 billion by 2028. The Europe market is anticipated to grow a CAGR of 19.8% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 21.5% during (2022 - 2028).

Full Report:

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 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.

Global Convergent Billing Market Segmentation

By Offering

  • Solution
    • Customer Relationship Management
    • Settlement & Payment Management
    • Mediation
    • Voucher Management
    • Others
  • Services
    • Consulting Services
    • Managed Services
    • Customization Services

By Deployment

  • On-premises
  • Cloud

By Geography

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Companies Profiled

  • SAP SE
  • 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

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Related Reports:

North America Convergent Billing Market Future Scope & Opportunities 2022-2028

Europe Convergent Billing Market Size & Growth Forecast 2022-2028

Asia Pacific Convergent Billing Market Size, Share & Industry Outlook to 2028

LAMEA Convergent Billing Market Growth, Trends & Forecasts 2022-2028

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