Telecom Billing Market: - An Overview
Telecom Billing is the process that is provided by telecommunication service providers, for managing billing applications. The process includes various activities right from collecting the data usage, aggregating it, applying required charges and finally generating invoices for the customer. The activities also include recording and receiving payment from the customers. Telecom billing services such as duplicate record checking, high accuracy in billing, and computerized bill generation offer advantages to internet services providers, television cable operators, satellite companies, and VoIP service providers.
Impact of COVID-19 Pandemic Outbreak on Telecom Billing Market
Due to quick spread of COVID-19, there are restriction on transportations and travel bans, due to which people have to stay home. As there are social distancing norms imposed by government people and businesses are shifting to digital means to manage their workloads. The shift has increased demand for better network connectivity and improved internet coverage. Many telecom providers have eased their 3G/4G/5G network speed to facilitate users with proper internet connections so that the users can work easily from home without any disruption. Telecom operators are heavily investing to minimize customer’s queries to retain the customers. Through the coronavirus pandemic, the telecom providers have faced many challenges and are taking initiatives to retain their customers and business partnership for long term. This leads to an increase in telecom revenues during the pandemic.
Telecom Billing Market: - Market Dynamics
Increasing Penetration of Mobile Devices
A significant increase in the number of mobile devices in various countries around the world is expected to facilitate the growth of the telecom billing market. The next-generation mobile network technology is expected to deliver data with ultra-low latency, as well as with high-gigabyte speed. The high adoption of advanced applications, such as augmented reality, IoT, autonomous vehicles, and various technological enhancements, is expected to result in the steady growth of the market.
Telecom Billing Market: - Segmentation
By Solution, Telecom Billing Market is segmented into-
By Deployment, Telecom Billing Market is segmented into-
By End User, Telecom Billing Market is segmented into-
Telecom Billing Market: - Regional Overview
North America is the prominent region in terms of market size owing to presence of top telecom companies in the region. Europe holds second largest market share due to large scale subscription of various cloud based services and high concentration of players in the region. South Asia & Pacific is anticipated to grow with high growth rate as the regions offers opportunities due to emerging country such as India have a higher number of broadband subscribers. Hence, due to increasing mobile data and internet traffic, the demand for telecom billing is increasing.
Telecom Billing Market: - Key Players
The key players in the Telecom Billing market are Amdocs, Netcracker, CSG International, Huawei, Mahindra Comviva, Nokia, SAP, HPE, FTS, Oracle, Optiva among others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global Telecom Billing market. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with Telecom Billing market attractiveness as per segments. The report on Telecom Billing market also maps the qualitative impact of various factors on Telecom Billing market segments and geographies.
Regional analysis includes:
Telecom Billing Market- Report Highlights: