Telecom Billing Revenue Management Market size is set to grow at a CAGR of 8.73% from 2022 to 2027; The expanding telecom services to boost the market growth - Technavio.
NEW YORK, June 12, 2023 /PRNewswire/ --
Information Services Market Insights -
Vendors: 15+, Including 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., among others
Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
Segments: Solution (software and services), Deployment (On premise and Cloud) , and Geography (North America, Europe, APAC, South America, and Middle East and Africa)
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.
The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including 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.
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.
Key challenges -
The high implementation and maintenance costs are major challenges that may hinder market growth.
A major obstacle on the market for small businesses and accounts receivable management companies is the high cost of deploying on-premises telecom billing revenue management solutions. The total cost of ownership includes the cost of software licensing, system design, customization, training, maintenance, and implementation.
Moreover, to stay current with the most recent market trends, the software must be updated frequently after initial implementation. Such elements work together to raise the cost of implementing telecom billing revenue management solutions, which is expected to have a negative impact on end users' willingness to adopt them.
Hence, the high cost associated with implementation and maintenance may impede the growth of the global market during the forecast period.
The telecom billing revenue management market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.
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.
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by Solution
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global telecom billing revenue management market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global telecom billing revenue management market 2017 - 2021 ($ billion)
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
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