Telecom Billing and Revenue Management Market Analysis

Telecom Billing and Revenue Management Market Analysis

Based on component, the telecom billing and revenue management market is divided into solution and service. The solution segment held over 60% market share in 2022. The solution segment is expected to witness substantial growth propelled by an increasing demand for sophisticated billing systems and revenue management component. Telecom providers are seeking advanced solution component that offer real-time billing, personalized pricing, automated revenue assurance, and analytics-driven insights. With the advent of 5G, IoT, and digital transformation initiatives, the solution segment is evolving to support these technologies, making it a critical driver for growth as telecom companies prioritize modernizing their billing and revenue management capabilities.
 

For instance, in May 2023, Telecom Egypt announced its adoption of IBM’s intelligent automation technologies to transform its network operations. The adoption streamlines network operations by automating repetitive tasks, reducing manual intervention, and optimizing resource allocation. This efficiency improvement can be replicated across the telecom sector, leading to cost savings and enhanced performance.
 

Based on deployment model, the telecom billing and revenue management market is categorized into on-premises and cloud. The on-premises segment held around 65% market share in 2022. The on-premises deployment model is anticipated to experience moderate growth driven by the providers’ need to maintain control over their data and operations in their infrastructure due to security & compliance requirements. Additionally, legacy systems and established processes often necessitate on-premises component. As telecom companies modernize their systems while accommodating existing infrastructure, the on-premises deployment model continues to be a relevant choice, contributing to its expected growth in the market.
 

North America led the global telecom billing and revenue management market with a share of over 30% in 2022. The growth is attributed to the rapid adoption of 5G technology in the region, driving the demand for advanced billing and revenue management systems capable of handling the complexities of 5G services and monetization models. North America's leadership in technological advancements and innovation fosters the development of cutting-edge billing component, aligning with the evolving needs of telecom providers. These factors position North America as a growth hub for the market, catering to the demands of a tech-savvy customer base and a dynamic telecommunications industry.
 

For instance, in June 2023, Nokia launched a high gain 5G FWA receiver for North American operators. North American operators can use this technology to expand their 5G network coverage, enabling them to serve more customers and potentially increasing their subscriber base. With improved connectivity, operators can offer a wider range of services including high-definition video streaming, IoT connectivity, and low-latency applications. This can also lead to increased revenue streams.