Telecom Billing Revenue Management Market to grow by USD 6.99 billion from 2022 to 2027, Expanding telecom services to boost the market - Technavio
NEW YORK , Oct. 23, 2023 /PRNewswire/ -- The telecom billing revenue management market by solution (software and services), deployment (on-premise and cloud), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027 report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the telecom billing revenue management market between 2022 and 2027 is USD 6.99 \ billion.
The expanding telecom services drive the market growth during the forecast period. There has been a significant advancement in global telecommunications networks over the years. In addition, there is an increasing demand for r telecom billing revenue management solutions and services fuelled by the growth in the telecom industry. Get deeper insights into the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and much more. Buy the full report here
Market Challenge -
- The high implementation and maintenance costs are significant challenges hindering the market growth. One of the significant challenges 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 comprises the cost of software licensing, system design, customization, training, maintenance, and implementation. In addition, enterprises also require IT personnel with the necessary skill sets to implement software successfully. Hence, such factors are negatively impacting the market which in turn will hinder the market growth during the forecast period.
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- The market share growth by the software segment is significant during the forecast period. Some of the main factors which are signficantly contributing to the growth of this segment include the e widespread use of telecom billing revenue management systems and the many benefits they offer. The sub-segment of the software segment mainly comprises revenue assurance, billing and charging, fraud management, and mediation. There is an increasing adoption of these solutions by enterprises such that it allows operators to evaluate, improve, and examine each stage of the billing lifecycle. Hence, such factors are fuelling the growth of this segment which in turn will drive the market growth during the forecast period.
- View the FREE Sample Report for insights into the contribution of all the segments and regional opportunities in the report.
Key Companies in the Telecom Billing Revenue Management 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.
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ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Solution
Market Segmentation by Deployment
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.
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SOURCE Technavio
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