San Francisco, California, October 17, 2017: A fresh intelligence study by TMR Research has detected that the global Telecom Cloud Billing Market is healthy, and that the demand will continue to increment at a notable CAGR throughout the forecast period of 2017 to 2025, primarily driven by the ubiquity of smartphones, both in developed as well as emerging economies. The report, developed by a group of professional market research analysts, aims to act as a business document for its targeted audiences such as telecom cloud billing vendors, content providers, network operators, communication service providers, mobile virtual network operators (MVNOs), mobile virtual network enablers (MVNEs), telecom operators, system integrators, and telecom equipment providers. The report presents analysis of all market dynamics including drivers, restraints, trends, and opportunities, segments it into small aspects, gauges the potential of various important regions and countries, and overviews the business and strategies of some of the key companies currently operating in the global telecom cloud billing market.
The report attributes a number a factors for the prosperity of the telecom cloud billing market, such as advancement and increase in the adoption of cloud-based technologies as they securely enable transactions at any point of time, reduced operational and administration cost that ultimately leads to profits for the vendors, increasing penetration of mobile phones with various end-users using more than one connection, and growing need for real-time billing.
The providers of cloud services have come a long way towards managing customers in every aspect of their relationship with the company and delivers satisfactory user experience in the overall business infrastructure. Consequently, the global telecom cloud billing market is anticipated to experience the strong demand for customer management as an application since it is considered to be the spine of any business process. In addition to that, software as a service (SaaS) is expected lead the global telecom cloud billing market on the basis of overall shares over the course of the forecast period. SaaS enables the integration of various billing systems, including prepaid and postpaid, on a single platform, helping cloud service providers to punctually support new services.
While telecom regulations that frequently change in various emerging economies and the dominance of legacy systems will continue to obstruct the prosperity, the vendors of the telecom cloud billing market will continue to gain new opportunities from the increasing demand for data and Vas services.
Application-wise, the global telecom cloud billing market can be segmented into customer management, revenue management, and account management, whereas on the basis of type of billing, the market can be bifurcated into postpaid, prepaid, convergent, roaming, interconnect, and others such as direct to consumer and metered. Currently, convergent billing segment is mostly preferred by the telecom operators, as they need to provide combined offerings for their services that are used by both kinds of users equally, although postpaid customers are considered more reliable with consistent revenue generation. Telecommunication operators diversefy with a range of services such as data, voice, VOIP, IPTV, postpaid, and prepaid services, which can all have different payment models. Allowing the customers to select is a great help for the operator.
SaaS, IaaS, and PaaS can be the categories of cloud platform, whereas deployment can be hybrid, private, or public. Geographically, the report takes stock of the potential of telecom cloud billing market in every important region and country, such as North America including the U.S. and Canada, Europe including France, Germany, and the U.K., and Asia Pacific including China, India, Japan, Malaysia, Thailand, and South Korea.
Some of the prominent companies currently operating in the global telecom cloud billing market are Oracle Corporation, Amdocs, Netcracker Technology, Ericsson, Redknee Solutions, Inc., AsiaInfo, Cerillion, Tech Mahindra, Huawei Technologies, and Computer Science Corporation.
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