North America Telecom Billing and Revenue Management Market is expected to grow from US$ 4250.9 million in 2019 to US$ 12394.0 million by 2027; it is estimated to grow at a CAGR of 15.0% from 2020 to 2027. The constant urge and requirements for innovative billing and revenue management solutions and services, rising number of IoT connections, and significant growth of telecom industry and increasing data consumption trend are the major factors driving the growth of telecom billing and revenue management market across the region. However, the high initial capital expenses and investments is a hindering factor to the growth of telecom billing and revenue management market. Further, rising preference toward cloud-based solutions and services and emergence of various technologies and trends are bolstering the growth of the telecom billing and revenue management market.
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key companies profiled in this research study are:
- Accenture PLC
- Nokia Corporation
- Amdocs, Inc.
- Cerillion PLC
- Comarch SA
- CSG Systems International, Inc.
- GoTransverse International, Inc.
- Ericsson
- Hewlett Packard Enterprise Development LP (HPE)
- Huawei Technologies Co., Ltd.
- NEC Corporation
The telecom billing and revenue management solutions and services are used by various communication services providers across the world to grow their revenue by enhancing telecom networks. Such solutions and services empower the telecom service providers in fraud management and fraud detection abilities, resulting in decreased operational costs. Additionally, these telecom billing and revenue management solutions and services help telecom service providers in introducing new services in the market, along with improving customer experience with real-time account recharging services.
Moreover, with the rise in networks, services, and solutions, telecom operators sustain high operational costs. Therefore, growing operating costs are generating demand for advanced telecom billing and revenue management solutions. The factors supporting the growth of the telecom billing and revenue management market also include rapid growth of the telecommunications sector, deployment of various innovative services, and growing number of customers.
Key Market Segments:
In terms of component, the solution segment accounted for a larger share of the North America telecom billing and revenue management market in 2019. In terms of type, the telecom billing segment held the largest share of the telecom billing and revenue management market in 2019. In terms of deployment type, the on-premise segment held the largest share of the market. Geographically, the market is segmented into the US, Mexico, and Canada. The US held the largest share of the market.
The reports cover key developments in the North America Telecom Billing and Revenue Management Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.
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