Market Size – USD 9.3 billion in 2018, Market Growth – CAGR of 11.06%, Market Trends – Increasing Demand for Telecommunication sector.
The Telecommunication Billing market is expected to grow from USD 9.3 billion in 2018 to USD 21.54 billion by 2026, at a CAGR of 11.06% during the forecast period. Growth in the telecommunication sector, usage of innovative services, an escalating number of customers are fostering the market growth. Issues like the fallout of services and network congestion are increasing and begetting a structural evolution in demand for the expansion of effective billing and revenue management solutions.
Global telecom billing software market is fuelled by growing mobile penetration and consumer base in emerging economies. However, quick growth of subscribers, network clogging, interoperability issue and the fallout of services area are some key factors hampering the market growth.
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Players will require increased investments to tackle these challenges and facilitate growth in the coming years. This report comprises drivers, restraints, opportunities, and challenges pertaining to the Telecom Billing market; and extensive value chain analysis, patent analysis, analysis of the current manufacturing capability and technology status, commercialization potential in different devices, along with market size forecasts till 2026.
Further key findings from the report suggest
The report “Telecom Billing Market by Software (Mediation, Billing and Charging, Partner and Interconnect Management, Revenue Assurance, Fraud Management), Service (Planning and Consulting Service, Operations and Maintenance Services, System Integration, Managed Services), Deployment Type (Cloud and On-Premises) and Geography-Global Forecast 2026” is available now to Reports and Data customers and can also be purchased directly at: https://www.reportsanddata.com/checkout-form/1091
For this report, the market has been divided into segments on the basis of software, service, deployment type and region:
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