Telecom Billing and Revenue Management Market - By Component (Solution, Service), By Deployment Model (On-premises, Cloud), By Operator (Mobile Operators, Internet Service Providers) & Forecast 2023 - 2032

Telecom Billing and Revenue Management Market - By Component (Solution, Service), By Deployment Model (On-premises, Cloud), By Operator (Mobile Operators, Internet Service Providers) & Forecast 2023 - 2032

Telecom billing and revenue management industry size is expected to grow at over 9% CAGR from 2023 to 2032. The increasing demand for innovative telecom services, such as 5G, IoT, and VoIP is spiraling the adoption of more sophisticated billing and revenue management solutions to handle complex pricing models. The surge in data usage and mobile subscribers is further driving the need for streamlined revenue assurance and fraud detection mechanisms.

Additionally, the rising regulatory compliance requirements and the quest for operational efficiency are compelling telecom companies to adopt advanced billing and revenue management solutions. For instance, in September 2022, Amdocs unveiled Amdocs Charging, a pioneering solution to merge industry-leading charging and business support systems to facilitate the convergent monetization of emerging services within standalone 5G and beyond networks. The growing integration of AI and machine learning for personalized billing and customer experience will also drive the industry expansion.

The telecom billing and revenue management market is segregated based on component, deployment model, operator, and region.

Based on component, the industry value from the service segment is projected to increase at robust pace by 2032, driven by the increasing competition and the higher availability of complex pricing models. The growing obligation for enhanced customer experience and billing accuracy will also favor the segment growth.

Based on deployment model, the telecom billing and revenue management market revenue share from cloud deployment segment is estimated to reach significant value by 2032. The growth can be attributed to advantages, such as the scalability, cost-efficiency, and rapid deployment offered by cloud models. In addition, the ability to adapt to evolving market dynamics will contribute to the segment expansion.

The mobile operator segment is projected to accumulate sizeable share of the telecom billing and revenue management industry during the forecast period. The rising demand for revenue optimization and adherence to regulatory standards is prompting the adoption of advanced billing and revenue management solutions for mobile operators.

Regionally, the Asia Pacific telecom billing and revenue management industry will witness commendable CAGR by 2032. This is owing to the rapid mobile adoption, and the higher proliferation of 5G networks. The growing need for revenue optimization will also spur regional market growth.