North America Telecom Billing and Revenue Management Market
No. of Pages: 120 | Report Code: TIPRE00012959 | Category: Technology, Media and Telecommunications
No. of Pages: 120 | Report Code: TIPRE00012959 | Category: Technology, Media and Telecommunications
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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 4250.9 Million |
| Market Size by 2027 | US$ 12394.0 Million |
| Global CAGR (2020 - 2027) | 15.0% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
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.
The telecom billing and revenue management market in North America 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.
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.
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.
The North America Telecom Billing and Revenue Management Market is valued at US$ 4250.9 Million in 2019, it is projected to reach US$ 12394.0 Million by 2027.
As per our report North America Telecom Billing and Revenue Management Market, the market size is valued at US$ 4250.9 Million in 2019, projecting it to reach US$ 12394.0 Million by 2027. This translates to a CAGR of approximately 15.0% during the forecast period.
The North America 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 North America Telecom Billing and Revenue Management Market report:
The North America 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 North America Telecom Billing and Revenue Management Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Telecom Billing and Revenue Management Market value chain can benefit from the information contained in a comprehensive market report.
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