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Telecom Billing and Revenue Management Market Trends

Report ID: GMI6671
Published Date: Sep 2023
Report Format: PDF

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Telecom Billing and Revenue Management Market Trends

The trend toward subscription-based models in the telecom billing and revenue management industry is increasing. Telecom providers increasingly offer services on a subscription basis, where customers pay recurring fees for access to voice, data, and content. This trend simplifies billing processes, fosters customer loyalty, and ensures predictable revenue streams. Advanced billing systems support these models by automating subscription management, invoicing, and payment collection, facilitating seamless customer experiences in the evolving telecom landscape.

The adoption of digital technologies is a prominent trend in the telecom billing and revenue management market. Telecom companies are embracing digital transformation to enhance operational efficiency, customer engagement, and revenue optimization. Advanced telecom network infrastructure leverage digital tools, such as artificial intelligence, natural language process, to automate billing processes, identify revenue opportunities, and personalize pricing models. This digitalization enables real-time billing, predictive analytics, and agile response to market dynamics, resulting in improved customer experiences & competitive advantages and making it a pivotal trend in the evolving telecom industry landscape.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

Market size for telecom billing and revenue management was valued at USD 13.3 billion in 2022 and is anticipated to register at a CAGR of over 9% between 2023 and 2032, backed by the rising demand for telecom services.

The solution segment held over 60% market share in 2022 and is expected to witness substantial growth through 2032, propelled by an increasing demand for sophisticated billing systems and revenue management component.

North America region led the global telecom billing and revenue management industry with a share of over 30% in 2022, attributed to the rapid adoption of 5G technology that necessitates advanced systems capable of handling the complexities of 5G services and monetization models.

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