The Global Telecom Cloud Billing Market is expected to grow at a significant CAGR during the forecast period. Telecom billing systems include a wide range of tasks, including creating bills, tracking data, voice use, aggregating, levying charges according on tariffs and allowing CRM (customer relationship management), using a variety of cloud-based solutions on public clouds, private, and hybrid. Telecom operators’ various services, such as data, voice, IPTV, post-paid, VOIP, and prepaid services with various payment methods, all need to be delivered on a single system, resulting in increased use of cloud-based billing, which propels the market’s growth. Furthermore, the telecom cloud billing industry is benefiting from fast economic expansion, increased smartphone penetration, and rapid internet usage among individual consumers.
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Lower operational and administrative expenses, rapid subscriber growth, and growing demand for bundled services are some of the reasons propelling the telecom cloud billing industry forward. Strong telecom regulations and the usage of legacy systems, on the other hand, may hinder the telecom cloud billing market’s growth. Furthermore, the telecom cloud billing market is anticipated to rise due to advancements and increased use of cloud-based technologies, rising mobile penetration, and the demand for real-time billing. The rise in the transparency of the main cloud providers is expected to boost the growth of the telecom cloud billing market. Furthermore, the rising number of revenue leakages across sectors is driving the telecom cloud billing market globally.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Type
o By Application
o By Cloud Platform
o By End-user
- Competitive Landscape- Oracle, CGI Inc., Telefonaktiebolaget LM Ericsson, Netcracker, Cerillion Technologies Limited, and AsiaInfo Technologies Limited.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Telecom Cloud Billing Market Segmentation
By Type
- Convergent
- Prepaid
- Post-paid
- 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 End User
- Transportation
- Government
- Media and Entertainment
- Healthcare
- BFSI
- Retail
- Others
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
