Summary

The Telecom Billing Software Market is expected to grow at a strong CAGR of around 11% during the forecast period owing to the rapidly increasing mobile data traffic and customer base in major emerging economies. Telecom billing software is primarily designed to support the telecom billing process. It consists of a set of processes for communication service providers responsible for calculating billing and billing information, collecting consumption data, billing customers, processing payments, and managing collections. Telecom billing software works by connecting to a charging platform called an Online Charging System (OCS) that charges every transaction in real-time. Each time a device on a network interacts with the telecom system, the OCS tracks, and records that interaction based on usage and interaction type as a Call Data Record (CDR). The growing need for operators to identify and recover revenue leakages and detect frauds to deliver high-quality services is contributing to the growth of the market. In addition, the increasing mobile penetration is also contributing to the growth of the market. For instance, according to the Ericsson Mobility Report, by the end of 2028, 5G subscriptions will pass 5 billion and Fixed Wireless Access (FWA) connections will reach 300 million, where 5G will account for almost 80 percent of FWA connections.

Some of the major players operating in the market include Amdocs; CSG Systems International, Inc.; Oracle; Telefonaktiebolaget LM Ericsson; Huawei Technologies Co., Ltd.; Cerillion Technologies Limited; Comarch SA; Nokia Oyj; SAP SE; and Hewlett Packard Enterprise Development LP. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report
“Amongst component, the solutions segment held a prominent share of the market in 2021”
Based on component, the market is bifurcated into solutions and services. The solutions segment is further divided into billing and charging, revenue assurance, fraud management, and others. Amongst solutions and services, the solutions segment catered to a significant share of the market in 2021. This high share is due to the increasing adoption of billing and revenue management solutions for telecoms and the multiple benefits that come with it. Telecom billing solutions help operators assess, optimize and analyze all stages of the billing lifecycle. It helps provide complete insight and information on the revenue relationship between service providers and customers.

“Amongst deployment, the on-premises deployment held a prominent share of the market in 2021”
By deployment, the market is bifurcated into cloud and on-premises. Among these, the on-premises segment captured a commendable share of the telecom billing software market in 2021. On-premises systems are preferred by the majority of telecom operators because they offer significant cost benefits and the infrastructure is already in place that can be reused. There are standalone modules and integrated platforms for telecom revenue management and billing that are frequently installed on customer’s premises.

“North America held a prominent share of the market in 2021”
North America held market held a dominating share of the global telecom billing software market in 2021. This high share is mainly attributed to the elevated demand from the telecom sector and the implementation of innovative technologies in the market. Moreover, the presence of major companies operating in the telecom billing sector in the region is another factor contributing to the growth of the regional market. Additionally, the growing adoption of advanced technologies such as IoT, 5G, analytics, and cloud computing is also contributing to the growth of the market in the region.

Reasons to buy this report:
• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:
The global telecom billing software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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