Telecom billing and revenue management solutions and services support telcos and communication service providers (CSP’s) to channelize and manage business-critical revenue and processes. In addition to the revenue management, these solutions also helps CSP’s to optimize operational expenditure (OPEX); fraud detection, prevention and management; launching new services in short period of time and improve the overall costumer experience.
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One of the prime factors that are driving the global telecom billing and revenue management market include increasing mobile penetration worldwide and high growth in the subscriber base in various regions. High capital expenses (CAPEX) involved in upgrading the existing network infrastructure and establishing new one, along with complex regulatory environment are few factors hindering the global market
Presently, Asia-Pacific dominates the global telecom billing and revenue management market, due to high growth of telecom industry in the last decade and increasing data consumption trend In addition, North America and Europe wearable technology market is anticipated to be grow at a decent growth rate owing improving needs for advanced billing and revenue management solutions and services.
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The global telecom billing and revenue management market has been segmented on the basis of solutions into billing and charging software, partner and interconnects management software, fraud management software, mediation software and revenue assurance software The market is further bifurcated on the basis of services into consulting services, managed services, system integration services and operations services In addition, the global telecom billing and revenue management market is...