Global Telecom Cloud Billing Market at a CAGR of 28.50% Growth, Trends

Posted by kelvindbmr on January 3rd, 2020

Global telecom cloud billing market is set to witness a healthy CAGR of 28.50% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017. This rise in the market value can be attributed due to increasing advancement in adoption of cloud-based technologies, mobile penetration and high subscriber growth and need for real-time billing and increased demand for bundled services.

Major Market Players

Few of the major competitors currently working in the global telecom cloud billing market are AMDOCS, Oracle, CGI Inc., Telefonaktiebolaget LM Ericsson, Netcracker, Cerillion Technologies Limited, AsiaInfo Technologies Limited, Optiva, Inc., Huawei Technologies Co., Ltd., Tech Mahindra Limited, DXC Technology Company, Vodafone Group, Verizon, NTT Communications Corporation, Deutsche Telekom AG, CenturyLink, BT, AT&T Intellectual Property among others

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Telecom billing solutions provide a broad range of operations ranging from voice and information utilization monitoring, aggregating, charging the corresponding tariffs, producing client invoices, allowing customer relationship management by the seller for multiple mobile network operators through multiple cloud-based solutions based on government, private, or hybrid cloud.

Competitive Analysis

Global telecom cloud billing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of telecom cloud billing market for global, Europe, North America, Asia-Pacific Middle East & Africa and South America,

Segmentation: Global Telecom Cloud Billing Market

• By Type of Billing (Convergent, Prepaid, Postpaid, Interconnect, Roaming, Embedded, Others),
• By Application (Revenue Management, Account Management, Customer Management, Traffic Management, Billing and Provisioning, Others)
• By Cloud Platform (Business Continuity as a Service (BCaaS),Software as a Service (SaaS), Platform-as-a-Service (PaaS), Infrastructure as a service (IaaS), Others)
• By Deployment (Public, Private, Hybrid)
• By Rate of Charging Mode (Subscription-Based, Usage-Based)
• By Service (Professional, Managed)
• By User Type (Individuals, Enterprises)
• By End User (Transportation, Government, Media and Entertainment, Healthcare, BFSI, Retail, Other)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

 Market Drivers:

• Increased transparency of leading cloud providers, will also contribute to the growth of this market
• Need for real-time billing and increased demand for bundled services, drives the growth of the market
• Advancement and increase in the adoption of cloud-based technologies, leads to the market growth
• Lower operational and administration cost, is driving the growth of the market

Market Restraints:

• The high costs along with the possible chances of downtime, hinders the market growth
• The continued use of legacy systems in emerging economies, are expected to restrain the growth of the market
• Stringent telecom regulations in many established markets, hampers he growth of the market

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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