The global telecom billing and revenue management market is estimated to grow at a CAGR of 10.5% during the forecast period. Telecommunication billing refers to the gathering of consumption data, the calculation of charging and billing information, the production of invoices for customers, the processing of payments, and the management of debt collection for communications service providers. A telecommunication billing system is a piece of enterprise software that assists in the billing of telecommunication services. Telecommunication billing is an important part of any commercial communications service provider, regardless of specialty: telephone companies, mobile wireless communication companies, VoIP companies, mobile virtual network operators, internet service providers, transit traffic companies, cable television and satellite TV companies could not operate without billing as it introduces value to their business.
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Telecom billing and revenue management platform solutions assist telecom service providers introduce new services and exploits existing customer relationships. It creates a sense of balance between service providers and end-users. In addition, the rise of software-as-a-service (SaaS) platforms is boosting market growth.
For instance, in January 2020, with the help of Ericsson’s end-to-end solutions, Mobility teamed with Ericsson to enable Saudi Arabia’s Government and business sector for digital transformation. The collaboration is anticipated to hasten the rollout of digital services and broaden the use of IoT and in October 2019, Netcracker was chosen by Vast Broadband to deliver a Business Support System (BSS) and Operations Support Systems (OSS) transformation initiative that will automate Vast Broadband’s end-to-end fulfilment operations while lowering operating expenses. Netcracker will provide a system for controlling and automating billing, inventory, service fulfilment, and product management in order to improve the customer experience.
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Market Coverage
- Segment Covered-
o By Solution
o By Deployment type
o By Telecom operator
- Competitive Landscape: Ericsson, Huawei Technologies, SAP SE, and Oracle Corp. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Billing And Revenue Management Market Segmentation,
By Solution
- Software
- Services
By Deployment Type
- On-Premises
- Cloud
By Telecom Operator
- Mobile Operators (Mobile Network Operator [MNO]
- Mobile Virtual Network Operator [MVNO]
- Mobile Virtual Network Enabler [MVNE]
- Internet Service Providers (ISPs)
- Satellite Communication Providers
- Cable Network Providers
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