Telecom Billing Revenue Management Market size to grow by USD 6.99 billion from 2022 to 2027, North America to account for 30% of the market growth - Technavio
NEW YORK, May 11, 2023 /PRNewswire/ -- The telecom billing revenue management market size is expected to grow by USD 6.99 billion during 2022-2027. The market is expected to be progressing at a CAGR of 8.73% as per the latest Technavio market research report. North America is estimated to account for 30% of the market's overall growth. The adoption of cutting-edge technologies in North American region and the rising demand from the telecom industry is primarily responsible for this high share. The US also dominates the market in terms of revenue due to the adoption of cutting-edge technologies like IoT, 5G, analytics, and cloud. In addition, there is an increasing level of competition among different telecom billing revenue management providers. To maintain their market shares, the vendors are upgrading their product lines. Hence, such factors influence the regional growth of telecom billing revenue management market during the forecast period. For more insights on the market share of various regions- Download sample report in MINUTES
What's New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession?
Global competitiveness and key competitor positions?
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial?-?buy the report!
The expanding telecom services drive the market growth of telecom billing revenue management.
Global telecommunications networks have unquestionably been a significant area of ongoing technological advancement over the years and during the forecast period, an increase in demand for telecom billing revenue management solutions and services is anticipated to be primarily due to the telecom industry growth.
The implementation of cutting-edge services, like 5G, and the growth of the customer base are putting pressure on the current network pricing structure as the telecom industry expands.
Hence, such drivers fuel the growth of the telecom billing revenue management market during the forecast period.
Telecom Billing Revenue Management Market: Robust Adoption Of Cloud Solutions
Robust adoption of cloud solutions is an emerging trend fueling the market.
The adoption of cloud-based applications that can be used by numerous end-user industries grows due to the cloud computing services have spread throughout the world.
Enterprises adopt cloud-based solutions because of the inherent advantages of cloud computing, including its low cost for infrastructure and computing, scalability, reliability, and high resource availability.
The flexibility and cost benefits associated with cloud services drive a rapid global expansion of cloud computing.
Hence, such trends influence the growth of the telecom billing revenue management market during the forecast period.
Some of the key Telecom Billing Revenue Management Market Players:
The telecom billing revenue management market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Amdocs Ltd., BearingPoint Holding BV, Cerillion Plc, Comarch SA., CSG Systems International Inc., Formula Telecom Solutions Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intracom SA Telecommunications Solutions, Mahindra and Mahindra Ltd., Nexign Joint Stock Co., Optiva Inc., Oracle Corp., SAP SE, SUBEX Ltd., Tecnotree Corp., Telefonaktiebolaget LM Ericsson, Teoco, Western Electric, and Enghouse Systems Ltd.
This market research report segments the telecom billing revenue management market by Deployment (On premise and Cloud) and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the software segment will be significant during the forecast period. The software sector dominated the market in 2022, which can be attributed to the widespread use of telecom billing revenue management systems and the many benefits they offer. Hence, such factors drive the segment growth during the forecast period.
The telecom expense management software market size should rise by USD 1.71 billion from 2021 to 2025 at a CAGR of 12.14%. Furthermore, this report extensively covers market segmentation by deployment (on-premises and cloud-based) and geography (North America, Europe, APAC, South America, and MEA). The rising popularity of bring-your-own-device (BYOD) policy is notably driving the telecom expense management software market growth.
The telecom operations management market size is expected to increase by USD 24 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.73%. Furthermore, this report extensively covers telecom operations management market segmentations by deployment (cloud-based and on-premises) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rapid advances in technologies driving demand for scalable telecom management solutions is notably driving the telecom operations management market growth.
Telecom Billing Revenue Management Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 8.73%
Market growth 2023-2027
USD 6.99 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
8.47
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 30%
Key countries
US, Canada, China, Germany, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Amdocs Ltd., BearingPoint Holding BV, Cerillion Plc, Comarch SA., CSG Systems International Inc., Formula Telecom Solutions Ltd., Hewlett Packard Enterprise Co., Huawei Technologies Co. Ltd., Intracom SA Telecommunications Solutions, Mahindra and Mahindra Ltd., Nexign Joint Stock Co., Optiva Inc., Oracle Corp., SAP SE, SUBEX Ltd., Tecnotree Corp., Telefonaktiebolaget LM Ericsson, Teoco, Western Electric, and Enghouse Systems Ltd.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 138: Intracom SA Telecommunications Solutions - Overview
Exhibit 139: Intracom SA Telecommunications Solutions - Product / Service
Exhibit 140: Intracom SA Telecommunications Solutions - Key offerings
12.11 Mahindra and Mahindra Ltd.
Exhibit 141: Mahindra and Mahindra Ltd. - Overview
Exhibit 142: Mahindra and Mahindra Ltd. - Business segments
Exhibit 143: Mahindra and Mahindra Ltd. - Key news
Exhibit 144: Mahindra and Mahindra Ltd. - Key offerings
Exhibit 145: Mahindra and Mahindra Ltd. - Segment focus
12.12 Optiva Inc.
Exhibit 146: Optiva Inc. - Overview
Exhibit 147: Optiva Inc. - Product / Service
Exhibit 148: Optiva Inc. - Key offerings
12.13 Oracle Corp.
Exhibit 149: Oracle Corp. - Overview
Exhibit 150: Oracle Corp. - Business segments
Exhibit 151: Oracle Corp. - Key news
Exhibit 152: Oracle Corp. - Key offerings
Exhibit 153: Oracle Corp. - Segment focus
12.14 SAP SE
Exhibit 154: SAP SE - Overview
Exhibit 155: SAP SE - Business segments
Exhibit 156: SAP SE - Key news
Exhibit 157: SAP SE - Key offerings
Exhibit 158: SAP SE - Segment focus
12.15 Telefonaktiebolaget LM Ericsson
Exhibit 159: Telefonaktiebolaget LM Ericsson - Overview
Exhibit 160: Telefonaktiebolaget LM Ericsson - Business segments
Exhibit 161: Telefonaktiebolaget LM Ericsson - Key news
Exhibit 162: Telefonaktiebolaget LM Ericsson - Key offerings
Exhibit 163: Telefonaktiebolaget LM Ericsson - Segment focus
12.16 Teoco
Exhibit 164: Teoco - Overview
Exhibit 165: Teoco - Product / Service
Exhibit 166: Teoco - Key offerings
12.17 Western Electric
Exhibit 167: Western Electric - Overview
Exhibit 168: Western Electric - Product / Service
Exhibit 169: Western Electric - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 170: Inclusions checklist
13.3 Currency conversion rates for US$
Exhibit 171: Currency conversion rates for US$
13.4 Research methodology
Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources
13.5 List of abbreviations
Exhibit 175: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
The "Europe
Welding Equipment Market-Growth, Trends, and Forecast (2019 - 2024)"
report has been added to ResearchAndMarkets.com's
offering.
Welding is one of the critical processes employed in the manufacturing...
Inovio Pharmaceuticals, Inc. announced today that its Ebola vaccine, INO-4201, was safe, tolerable, and generated strong T cell and antibody responses. This Phase 1 data was published in The Journal of Infectious Diseases and further supports the...
Merck , known as MSD outside the United States and Canada, and
NGM Biopharmaceuticals, Inc. (NGM) today announced that Merck has
exercised its option to extend the research phase of the companies'
broad, strategic collaboration...
The shareholders in Sandvik Aktiebolag are convened to the Annual General Meeting to be held on Monday, 29 April 2019 at 3:00 p.m. at the Göransson Arena, Sätragatan 21, Sandviken, Sweden.
RIGHT TO PARTICIPATE AND NOTICE
Shareholders who wish to...
The Oslo Business for Peace Award is given to inspiring business
leaders who have put society first.
2019's winners are: Dr Agbor Ashumanyi Ako,
medical director of GiftedMom, Alice Laugher, CEO of
Committed to...
The evolving competitive market has made it essential for the telecommunication industry to rethink traditional ways of doing business in terms of the impact on business models, service portfolios and technical architectures. Digital business support...