Market Overview and Dynamics
The North America telecom billing and revenue management market is projected to grow from US$ 4,250.9 million in 2019 to US$ 12,394.0 million by 2027, registering a robust CAGR of 15.0% from 2020 to 2027. This growth is fueled by the rising demand for advanced billing and revenue management solutions, the surge in IoT connections, and the rapid expansion of the telecom sector driven by increasing data consumption. However, the market faces challenges due to the high initial capital investment required. On the positive side, the growing shift toward cloud-based solutions and the emergence of new technologies and industry trends are creating fresh opportunities and accelerating market expansion.
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Market Introduction
Telecom billing and revenue management solutions and services are essential tools for communication service providers (CSPs) worldwide, helping them boost revenue by optimizing network operations. These solutions enhance fraud detection and management capabilities, leading to significant reductions in operational costs. Additionally, they enable telecom providers to launch new services more efficiently and improve customer satisfaction through real-time account recharging and management features. As networks and service offerings expand, telecom operators face rising operational expenses, further driving the demand for advanced billing and revenue management solutions. The market’s growth is fueled by the rapid expansion of the telecommunications sector, the introduction of innovative services, and the steady increase in customer bases.
North America Telecom Billing and Revenue Management Strategic Insights
Strategic insights for the North America Telecom Billing and Revenue Management provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Company Profiles
- 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
- Oracle Corporation
- Optiva Inc.
- Mavenir Systems
- SAP SE
- Tata Consultancy Services Limited (TCS)
- AGILITY CIS
- Comviva
- Enghouse Networks
- PANAMAX INC
- STL.TECH
- Vcare Corporation
North America Telecom Billing and Revenue Management Regional Insights
The geographic scope of the North America Telecom Billing and Revenue Management refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the telecom billing and revenue management market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. 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; Oracle Corporation; Optiva Inc.; Mavenir Systems; SAP SE; Tata Consultancy Services Limited (TCS); AGILITY CIS; Comviva; Enghouse Networks; PANAMAX INC; STL.TECH; and Vcare Corporation are the major companies listed in the report.
Reasons to Buy Report
- To understand the North America telecom billing and revenue management market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for the North America telecom billing and revenue management market
- Efficiently plan M&A and partnership deals in the North America telecom billing and revenue management market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form of the North America telecom billing and revenue management market
- Obtain market revenue forecast for market by various segments from 2020 to 2027 in the North American region.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
