Global Telecom Billing and Revenue Management Market Size, Trends & Growth Opportunity, By Type (Telecom Billing, Cloud Billing, and IoT Billing), By Deployment Type (On-Premise, Cloud-Based, and Hybrid), By Component (Solutions (Billing Management, Account Management, and Others), and Services (Professional Services, and Managed Services)), By Region and Forecast till 2027.
Global Telecom Billing and Revenue Management Market
The global Telecom Billing and Revenue Management market was valued at US$ 14.5 billion in 2021 and it is expected to reach at USD 31.2 billion in 2027 at a CAGR of 11.6 % during forecast period 2022-2027.
Telecom billing and revenue management is the procedure that involves communication services and management of debt collection. The process provides information about data utilization, managing the customer’s payments and calculation of billing and charging information. These solutions are widely applied by telecommunication services providers for enhancement of their operational efficiency by optimizing the telecom networks.
Market Drivers
Increase in number of cellular or mobile subscribers is the key driving factor which is expected to boost the global telecomm billing and revenue management market growth. Furthermore, increase in growth of telecom industry in last few years and rise in data consumption trend will positively contribute the market growth. The telecom industry has experienced massive growth in last few years, and it is highly competitive in nature. This industry has experienced paradigm shifts from wire line communication systems, and wireless equipment. Additionally, increase in need for uninterrupted connectivity across the globe will drive the market growth. Moreover, continuous technological advancements and adoption of Internet of Things, Machine to Machine communication, and Network Function Virtualization and rise in use of social media for information exchange and interaction will propel the market growth in near future.
Market Restraints
However, lack of technical proficiency in implementing billing and revenue assurance revenue is the major restraining factor which is expected to hinder the global telecom billing and revenue management market growth. Also, high volume of customer transactions and continued change in network technologies will affect the market growth.
COVID-19 Impact
The outbreak of the COVID-19 switch companies towards remote work policies which increases the data consumption from the telecom towers and increasing number of devices using the internet propelling the growth of market during pandemic.
Recent Development
In 2020, Mobility partnered with Ericsson for digital transformation .Vast Broadband with Netcracker deliver a Business Support System (BSS) and Operations Support Systems (OSS) transformation program, which will automate and enhance customer experience, managing and automating billing, inventory, service fulfillment, and product management. SaaS and cloud-based BSS solution helps CSPs retain and expand customer base. Schurz Communications partnered with Netcracker which simplify and standardize the billing processes. CSG Systems International launched the Mediation platform to help a cost- effective and efficient way for service providers to seize 5G opportunities.
Market Segmentation
Global Telecom Billing and Revenue Management Market is segmented into type such as Telecom Billing, Cloud Billing, and IoT Billing, by deployment type such as On-Premise, Cloud-Based, and Hybrid. Further, market is segmented into component such as Solutions (Billing Management, Account Management, and Others), and Services (Professional Services, and Managed Services).
Also, Global Telecom Billing and Revenue Management Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Market Key Players
Various key players are discussed in this report such as Oracle, Netcracker, CSG Systems International, Ericsson, Huawei, SAP, HPE, Nokia, Cerillion, and Comarch etc.
Market Taxonomy
By Type
- Telecom Billing
- Cloud Billing
- IoT Billing
- On-Premise
- Cloud-Based
- Hybrid
- Solutions
o Account Management
o Others
- Services
o Managed Services
By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
- What are the Key Opportunities in Global Telecom Billing and Revenue Management Market?
- What will be the growth rate from 2022 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
- What are the strategies adopted by key players?
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Telecom Billing and Revenue Management Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Telecom Billing and Revenue Management Market, By Type
- 5.1 Y-o-Y Growth Comparison, By Type
- 5.2 Global Telecom Billing and Revenue Management Market Share Analysis, By Type
- 5.3 Global Telecom Billing and Revenue Management Market Size and Forecast, By Type
- 5.3.1 Telecom Billing
- 5.3.2. Cloud Billing
- 5.3.3. IoT Billing
- 6 Global Telecom Billing and Revenue Management Market, By Deployment Type
- 6.1 Y-o-Y Growth Comparison, By Deployment Type
- 6.2 Global Telecom Billing and Revenue Management Market Share Analysis, By Deployment Type
- 6.3 Global Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 6.3.1 On-Premise
- 6.3.2 Cloud Based
- 6.3.3. Hybrid
- 7 Global Telecom Billing and Revenue Management Market, By Component
- 7.1 Y-o-Y Growth Comparison, By Component
- 7.2 Global Telecom Billing and Revenue Management Market Share Analysis, By Component
- 7.3 Global Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 7.3. 1 Solutions
- 7.3.1.1. Billing Management
- 7.3.1.2. Account Management
- 7.3.1.3. Others
- 7.3.2 Services
- 7.3.2.1. Professional Services
- 7.3.2.2.Managed Services
- 8Global Telecom Billing and Revenue Management Market, By Region
- 8.1 Global Telecom Billing and Revenue Management Market Share Analysis, By Region
- 8.2 Global Telecom Billing and Revenue Management Market Share Analysis, By Region
- 8.3 Global Telecom Billing and Revenue Management Market Size and Forecast, By Region
- 9 North America Telecom Billing and Revenue Management Market Analysis and Forecast (2022-2027)
- 9.1 Introduction
- 9.2 North America Telecom Billing and Revenue Management Market Share Analysis, By Type
- 9.3 North America Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 9.4 North America Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 9.5 North America Telecom Billing and Revenue Management Market Size and Forecast, By Country
- 9.5.1 U.S.
- 9.5.2 Canada
- 9.5.3 Mexico
- 10EuropeTelecom Billing and Revenue Management Market Analysis and Forecast (2022-2027)
- 10.1 Introduction
- 10.2 Europe Telecom Billing and Revenue Management Market Share Analysis, By Type
- 10.3 Europe Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 10.4 Europe Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 10.5 Europe Telecom Billing and Revenue Management Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.2 France
- 10.5.3 UK
- 10.54. Rest of Europe
- 11Asia Pacific Telecom Billing and Revenue Management Market Analysis and Forecast (2022-2027)
- 11.1 Introduction
- 11.2 Asia Pacific Telecom Billing and Revenue Management Market Share Analysis, By Type
- 11.3 Asia Pacific Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 11.4 Asia Pacific Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 11.5 Asia Pacific Telecom Billing and Revenue Management Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.2 Japan
- 11.5.3 India
- 11.5.4. Rest of Asia Pacific
- 12Latin America Telecom Billing and Revenue Management Market Analysis and Forecast (2022-2027)
- 12.1 Introduction
- 12.2 Latin America Telecom Billing and Revenue Management Market Share Analysis, By Type
- 12.3 Latin America Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 12.4 Latin America Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 12.5 Latin America Telecom Billing and Revenue Management Market Size and Forecast, Country
- 13Middle East Telecom Billing and Revenue Management Market Analysis and Forecast (2022-2027)
- 13.1 Introduction
- 13.2 Middle East Telecom Billing and Revenue Management Market Share Analysis, By Type
- 13.3 Middle East Telecom Billing and Revenue Management Market Size and Forecast, By Deployment Type
- 13.4 Middle East Telecom Billing and Revenue Management Market Size and Forecast, By Component
- 13.5 Middle East Telecom Billing and Revenue Management Market Size and Forecast, By Country
- 14Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15Company Profiles
- 15.1 Oracle
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2. Netcracker
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3. CSG Systems International,
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 Ericsson
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
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