Telecom Billing and Revenue Management Market Growth Analysis & Forecast Report | 2023-2032

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Telecom Billing and Revenue Management Market
Growth Analysis Forecast Report 2023-2032
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• Industry Insights

• Telecom billing and revenue management market
  size is expected to grow at over 9 CAGR from
  2023 to 2032. The increasing demand for
  innovative telecom services, such as 5G, IoT, and
  VoIP is spiraling the adoption of more
  sophisticated billing and revenue management
  solutions to handle complex pricing models. The
  surge in data usage and mobile subscribers is
  further driving the need for streamlined revenue
  assurance and fraud detection mechanisms.
• Additionally, the rising regulatory compliance
  requirements and the quest for operational
  efficiency are compelling telecom companies to
  adopt advanced billing and revenue management
  solutions. For instance, in September 2022,
  Amdocs unveiled Amdocs Charging, a pioneering
  solution to merge industry-leading charging and
  business support systems to facilitate the
  convergent monetization of emerging services
  within standalone 5G and beyond networks.

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• Based on component, the industry value from the
  service segment is projected to increase at
  robust pace by 2032, driven by the increasing
  competition and the higher availability of
  complex pricing models. The growing obligation
  for enhanced customer experience and billing
  accuracy will also favor the segment growth.
• Based on deployment model, the telecom billing
  and revenue management market revenue share from
  cloud deployment segment is estimated to reach
  significant value by 2032. The growth can be
  attributed to advantages, such as the
  scalability, cost-efficiency, and rapid
  deployment offered by cloud models. In addition,
  the ability to adapt to evolving market dynamics
  will contribute to the segment expansion.

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• Regional Analysis

• Regionally, the Asia Pacific telecom billing and
  revenue management industry will witness
  commendable CAGR by 2032. This is owing to the
  rapid mobile adoption, and the higher
  proliferation of 5G networks. The growing need
  for revenue optimization will also spur regional
  market growth.

• Competitive Analysis

• Cerillion
• CSG Systems International, Inc.
• Ericsson
• Huawei Technologies Co., Ltd.
• Netcracker Technology Corp.
• Openet Corporation
• Optiva, Inc.
• Oracle Corporation
• SAP SE

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