Thursday, 02 December 2021 03:26 GMT

Telecom Cloud Billing Market Insights by Emerging Trends, Growth and Forecast till 2021


(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 25, 2021, 03:45 /Comserve / -- MarketsandMarkets: The telecom cloud billing market size is estimated to grow from USD 2.49 billion in 2016 to USD 8.22 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0% from 2016 to 2021.

With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment. 

MarketsandMarkets: The telecom cloud billing market size is estimated to grow from USD 2.49 billion in 2016 to USD 8.22 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 27.0% from 2016 to 2021. Lower operational & administration cost, advancement & increase in adoption of cloud-based technologies, increasing mobile penetration and high subscriber growth, need for real-time billing, and increased demand for bundled services are some of the driving forces in the telecom cloud billing market. Telecom regulations across the globe and usage of legacy systems would be the restraining factors for the telecom cloud billing market.

“Among the applications, customer management is expected to have the largest market size during the forecast period”
The customer management application is expected to hold the largest market share during the forecast period. It is the backbone of any business process and encompasses many functionalities such as customer-interface management, order management, product catalogue, customer service offering, subscriber self-care management, sales & marketing, rate plans and rating, discounting, invoicing, problem handling, auditing, and security.

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The Final Report will cover the impact analysis of COVID-19 on this industry: Telecom Cloud Billing Market Insights by Emerging Trends, Growth and Forecast till 2021

“Software as a Service (SaaS) platform is expected to dominate the telecom cloud billing market during the forecast period”
Among cloud platforms, SaaS platform is expected to dominate the telecom cloud billing market and hold the largest market share. SaaS model allows CSPs to quickly support new services and also enables the converging of multiple billing systems like prepaid and postpaid onto a single platform. It brings new services to market more economically without installing the entire infrastructure and to support it. One of the major benefits of adopting cloud-based SaaS operations is reduced initial capital costs.

“Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period”
APAC is expected to grow at the highest growth rate in the telecom cloud billing market during the forecast period. The large population in the region has led to an extensive pool of subscriber base for telecom companies. There are several factors driving the impressive growth in APAC, such as rapid economic development, globalization and foreign direct investment, increasing penetration of smartphones, and rapid internet adoption among individuals.

Fill This Form and get the Sample Copy of This Report: 
The Final Report will cover the impact analysis of COVID-19 on this industry: Telecom Cloud Billing Market Insights by Emerging Trends, Growth and Forecast till 2021

In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of profiles of primary participants is given below:
• By Company: Tier 1: 26%, Tier 2: 41%, and Tier 3: 33%
• By Designation: C level: 30%, Director level:20%, and Others: 50%
• By Region: North America: 33%, APAC: 50%,Europe: 17%

Scope of the Report:
The report segments the telecom cloud billing market on the basis of billing which includes convergent, prepaid, postpaid, interconnect, roaming and others (Direct to Consumer (D2C) and metered); applications such as revenue management, account management and customer management; cloud platform comprises SaaS and others (Infrastructure as a Service (IaaS) and Platform as a Service (PaaS)); deployment includes public, private, and hybrid; rate of charging mode includes subscription-based and usage-based; services include professional and managed; end users comprises individuals and enterprises customers; and regions include North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

Reason to Buy the Report:
• To get a comprehensive overview of the global telecom cloud billing market
• To gain wide-ranging information about the top players in this market sphere, their product portfolios, and key strategies adopted by them
• To gain insights of the major countries/regions in which the telecom cloud billing market is flourishing in various industries

TABLE OF CONTENTS

1 INTRODUCTION 15
1.1 OBJECTIVES OF THE REPORT 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 16
1.3.1 MARKETS COVERED 17
1.3.2 YEARS CONSIDERED FOR THE REPORT 17
1.4 CURRENCY 18
1.5 LIMITATIONS 18
1.6 STAKEHOLDERS 18

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.


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