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.
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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Telecom Billing and Revenue Management Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- Ericsson
- Huawei Technologies
- SAP SE
- Oracle Corp.
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