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 varying demands. Value added and data services have emerged as one the prime revenue sources in comparison to voice communication revenues, highly growing demographics across the regions and there dynamic demands for services has boosted the telecom sector and also the need for lowering the administrative costs with optimized operational expenses (OPEX).
According to the new Market research study published by The Insight Partners, The global Telecom Billing and Revenue Management Market was valued at US $9.27 billion in 2015. The market of telecom billing and revenue management is expected to grow at a CAGR of 10.7% between 2016 and 2025, to reach US $25.27 Billion in 2025.
Browse market data tables and in-depth TOC of the Telecom Billing and Revenue Management Market to 2025 @ http://www.theinsightpartners.com/reports/telecom-billing-and-revenue-management-market
Telecom companies, CSP’s and telco operators across the globe use numerous and 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 have started focusing on optimizing and achieving efficient billing and revenue management processes, which will further help them to improve their profitability and gain competitive edge.
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
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