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.
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
High subscriber base in emerging economies especially in the Asia Pacific (APAC) and Middle East & Africa (MEA) coupled with increasing technological adoptions within the telecommunication industry is providing ample opportunities to telecom billing and revenue management solution and service providers. On the other hand, North America and Europe are expected to experience a comparatively slow market growth due to maturity of their telecom industry.
The billing and charging software segment had the largest share of the global telecom billing and revenue management market by solution types in 2015, whereas the revenue assurance software segment is expected to grow at the highest CAGR of 12.2% between 2016 and 2025.In the deployment model segments on-premise deployment holds the major share of the telecom billing and revenue management market in 2015, whereas the cloud based deployment segment is anticipated to grow at the highest CAGR between 2016 and 2025.
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