Global Telecom Cloud Billing Market to Reach $92.7 Billion by 2030
The global market for Telecom Cloud Billing estimated at US$20.6 Billion in the year 2023, is expected to reach US$92.7 Billion by 2030, growing at a CAGR of 23.9% over the analysis period 2023-2030. Convergent Billing, one of the segments analyzed in the report, is expected to record a 24% CAGR and reach US$35.5 Billion by the end of the analysis period. Growth in the Prepaid Billing segment is estimated at 25.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $6.6 Billion, While China is Forecast to Grow at 23.2% CAGR
The Telecom Cloud Billing market in the U.S. is estimated at US$6.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$15.8 Billion by the year 2030 trailing a CAGR of 23.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 21.1% and 20% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 16% CAGR.
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