Asia Pacific Telecom Billing and Revenue Management Market
No. of Pages: 240 | Report Code: TIPRE00013337 | Category: Technology, Media and Telecommunications
No. of Pages: 240 | Report Code: TIPRE00013337 | Category: Technology, Media and Telecommunications
Telecom billing is a procedure of gathering usage data, aggregating it, applying essential charges, and ultimately generating invoices for the customers. The process also contains receiving and recording payments from customers. The billing systems are generally viewed as accounts receivable, as the system assists in the collection of money from the customers. Billing systems are a part of accounts payable as customers frequently use services from other firms such as long-distance, wireless roaming, and call completion through other networks. Revenue management helps predict the behavior of customers, which further helps improve product accessibility and pricing to generate maximum possible revenue. In the last few decades, global telecom operators and Communication Service Providers (CSP’s) have experienced a significant change in numbers of end-users and their demands. Value-added and data services have emerged as a prime revenue sources compared to voice communication revenues; thus, highly growing demographics in different regions and their dynamic demands for respective services have boosted the growth of telecom sector and need for lowering the administrative costs with optimized operational expenses (OPEX).
Telecom companies, CSP’s, and Telco operators across the globe use various advance Business Support Systems (BSS) and services that help them to achieve improved operational efficiency and capability while optimizing resources and achieving high profitability. Telecom companies are focusing on optimizing and achieving efficient billing and revenue management processes, which will further help them to improve their profitability and gain a competitive edge.
Strategic insights for the Asia Pacific 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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 6350.5 Million |
| Market Size by 2027 | US$ 23007.6 Million |
| Global CAGR (2020 - 2027) | 18.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific 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.
The telecom billing and revenue management market in Asia Pacific is expected to grow from US$ 6350.5 million in 2019 to US$ 23007.6 million by 2027; it is estimated to grow at a CAGR of 18.3% from 2020 to 2027. The increasing mobile usage, substantial growth of telecom industry in the last decade, growing data consumption trend, increasing spending trends, demand for innovative solutions, and increasing need for IoT connections are the major factors propelling the growth of telecom billing and revenue management market across the region. However, the high investments and legacy systems are hindering the growth of APAC telecom billing and revenue management market. Despite the limitations, the market is foreseeing significant growth opportunities owing to increasing demand for cloud-based solutions and services, and inception of several trends and technologies.
In terms of component, the solution segment accounted for a larger share of the Asia Pacific 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. Further, in terms of deployment type, on-premise segment held the largest share of the market. Based on country, the market is segmented into China, India, Japan, Australia, and Rest of APAC. China held the largest share of the market.
A few major primary and secondary sources referred to for preparing this report on the telecom billing and revenue management market in Asia Pacific 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.; Fiserv, Inc.; Ericsson; Hewlett Packard Enterprise Development LP (HPE); Huawei Technologies Co., Ltd.; Mphasis; 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 among the major companies listed in the report.
The Asia Pacific Telecom Billing and Revenue Management Market is valued at US$ 6350.5 Million in 2019, it is projected to reach US$ 23007.6 Million by 2027.
As per our report Asia Pacific Telecom Billing and Revenue Management Market, the market size is valued at US$ 6350.5 Million in 2019, projecting it to reach US$ 23007.6 Million by 2027. This translates to a CAGR of approximately 18.3% during the forecast period.
The Asia Pacific Telecom Billing and Revenue Management Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Telecom Billing and Revenue Management Market report:
The Asia Pacific Telecom Billing and Revenue Management Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Telecom Billing and Revenue Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Telecom Billing and Revenue Management Market value chain can benefit from the information contained in a comprehensive market report.
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