The Telecom Cloud Billing Market trends are analyzed from recent past with an eye
on coming years in this report that also offers projections for Telecom Cloud
Billing industry targeted at helping in business decisions.
Telecom Cloud Billing
Market size is anticipated to witness several growth opportunities over the
forecast time span owing to the growing demand for bundled billing solutions,
low billing costs, and rise in mobile infiltration. The major share in the
industry is led by prepaid customers with over 80% of the GSM users utilizing
the cloud billing systems across the globe.
The rising focus of
telecom providers to offer multiple & bundled services due to the rising
demand across the prepaid customer segment is further anticipated to drive the
telecom cloud billing market growth. Rising competition in the industry has
encouraged the operators to offer several Value-Added Services (VAS) such as
prepaid, postpaid, data, voice, Internet Protocol Television (IPTV), and Voice
Over Internet Protocol (VOIP) with various payment methods.
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The growing demand for the upgrading of a large number
of legacy telecom systems formerly installed is offering ample growth
opportunities for telecom cloud billing market. Furthermore, operators are
shifting toward online billing transactions for the development of bills and
expense receipts, which is anticipated to propel the industry demand over the
forecast time span. The rise in the usage of data services offered by telecom
providers has created a strong need for billing systems. Rising growth in
Operation Support Systems’ (OSS) and Business Support Systems’ (BSS) solutions,
is helping in supporting a large customer base for online billing transactions.
In the exceedingly competitive telecom industry, the
quality of service and cost of products are key factors for high business
returns and customer retention. The competition is also driving the industry
players to embrace telecom billing software thereby impacting telecom cloud
billing market growth. Moreover, players are always trying to seek ways for
lowering administration and operational costs. Over the years, advancements in
cloud computing have helped the telecom industry in addressing the service
quality and cost-related issues, which were strengthened owing to the shift
toward IP-based mobile technology from landline telephones. With the growing
adoption of subscription-based billing models, the telecom industry is
gradually favoring cloud billing solutions for highly flexible, cost
competitive, and reliable billing operations. These factors are anticipated to
provide an impetus to the telecom cloud billing market.
Telecom cloud billing market has excellent growth
opportunities over the forecast timeline; however, factors, such as the
continued use of legacy systems and stringent telecom regulations in
well-established markets, are anticipated to hinder the growth. The presence of
countries such as China and India with their constantly changing competitive
& regulatory landscape and large subscriber base has increased the demand
for revenue and billing management solutions.
Telecom cloud billing market based on services can be
segmented into customer management, account management, and revenue management.
The customer management segment is anticipated to grow at a significant rate as
the services are allowing Cloud Service Providers (CSPs) to provide a steady
client experience and are managing the relationship with the clients, which is
anticipated to provide several growth opportunities.
By platform, telecom cloud billing market can be
bifurcated into IaaS, PaaS, and SaaS. The SaaS platform is anticipated to lead
the industry share as the platform allows service providers to speedily support
new clients and also enable the congregating of postpaid and prepaid billing
systems into a single platform. SaaS platforms in the telecom cloud billing
market are an ideal way for offering new services to the telecom market in an
economical manner.
Asia Pacific telecom cloud billing market is
anticipated to grow at a high rate over the coming years owing to the
burgeoning population in China and India, which is leading to a vast customer
base. Moreover, factors, such as demonetization, growing internet usage among users,
and economic developments in several countries, are contributing to the
regional growth. Increasing penetration of smart devices is projected to drive
telecom cloud billing market. In India, telecom operators provide flexible rate
plans and flexible services due to the growing competition.
Key players operating in telecom cloud billing market
include Computer Science Corporation, Amdocs, CGI Group, Aria Systems, Oracle
Corporation, Redknee Solutions, Inc., Netcracker Technology, Ericsson,
Cerillion, Chargify, Cloudability, Asia Info, Huawei Technologies, and Tech
Mahindra.
This latest Telecom
Cloud Billing Market research
report offers in-depth analysis, key industry insights, market sizing &
forecast on a granular level for key products, applications across number of
regional markets. The report also analyzes the Telecom
Cloud Billing from
business strategy perspective, describing in detail growth drivers, pitfalls
&challenges for participants, accompanied by a detailed competitive
benchmarking including company market share analysis and detailed business
profiles.
Reasons to Buy This Report
•
Global Telecom Cloud Billing Market size & forecast by product
& application.
•
Growth drivers, pitfalls & industry challenges.
•
Key Telecom Cloud Billing Market growth opportunities & emerging
business models.
•
Competitive benchmarking with market share analysis and company
profiles.
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