MarketsandMarketsexpects the global telecom billing and revenue management Industry size to growfrom USD 10.8 billion in 2019 to USD 18.0 billion by 2024, at a Compound AnnualGrowth Rate (CAGR) of 10.8 % during the forecast period. Telecom billing andrevenue management solutions and services help operators increase theirrevenues by extracting unbilled revenue, leveraging automation to identifyrevenue leaks, and safeguarding revenue streams from potential losses. The keytelecom billing and revenue management solutions include mediation, billing andcharging, partner and interconnect management, revenue assurance, and fraudmanagement.
Browse 103market data Tables and 43 Figures spread through 153 Pages and in-depth TOC on"Telecom Billing and Revenue Management Industry by Solution (Software (Mediation,Billing and Charging, Revenue Assurance, and Fraud Management) and Services),Deployment Type, Telecom Operator Type, and Region - Global Forecast to2024"
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Under thesoftware segment, the billing and charging management segment is expected to growat the highest CAGR during the forecast period. The billing and chargingsolution enables operators to support different lines of businesses on a singleplatform by aggregating data from numerous billing tools and generating asingle invoice. The solution consolidates all the financial transactionsassociated with customer billing accounts over a certain period into a singlebill. It helps service providers exchange billing data and invoices, and sharerevenue or cost information with partners, thereby empowering operators tomaintain billing accuracy and improve customer experience by enabling theend-to-end management of disputes and adjustments.
Key andemerging market players include Amdocs (US), Netcracker (NEC Corporation[Japan]), CSG International (US), Oracle (US), Ericsson (Sweden), Huawei(China), Cerillion (UK), Mahindra Comviva (India), Optiva (Canada), ComarchS.A. (Poland), Nokia (Finland), SAP (Germany), HPE (US), Openet (Ireland),TEOCO (US), Intracom Telecom (Greece), Enghouse Networks (Canada), Nexign(Russia), Bearing Point (Netherlands), FTS (Israel), Subex (India), SterliteTechnologies (India), Tecnotree (Finland), Zuora (US), and Apttus (US).
Netcracker caters to a wide customer base inthe regions of the Americas, EMEA, and APAC. The company offers a revenuemanagement platform, which helps telecom operators and service providerstransform their existing complex and siloed BSS into highly efficientecosystems. The platform is compatible with advanced technologies and createsnew revenue streams by enabling service providers to monetize, Long-TermEvolution (LTE)/ Voice over LTE (VoLTE), cloud-based, and virtualizationservices. It offers various revenue management products, such as a cloud-basedonline charging system, collection management, active mediation, convergedcharging and rating, customer billing management, partner billing management,voucher management, and bill presentment.
Nokia is one of the major players focusingon the emerging concept of telecom billing and revenue management and networkmanagement. The company operates in more than 130 countries across Europe, MEA,APAC, North America, Greater China, and Latin America. Nokia offers a telecombilling and revenue management solution called Monetization, along with SurePay.The Monetization solution helps operators provide a superior digital experienceand enables its users to implement innovative business models and unlock newrevenue opportunities. Nokia's Monetization portfolio includes CognitiveAnalytics and Customer Insight, Data Refinery, Nokia AVA Crowd Analytics, andSmart Plan Suite. SurePay provides real-time rating and charging for anynetwork and service type. It also helps fixed, mobile, and converged carriersoffer prepaid, postpaid, and hybrid real-time charging for data, digital,commerce, cloud, and IoT services. SurePay can be integrated with billing andcustomer relationship management (CRM) systems to expand the existing billingecosystem. SurePay helps service providers rapidly launch and manage innovativenew offers.
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