Telecom Cloud Billing Market Size, Share, Industry Trends and Forecast 2030

Global Telecom Cloud Billing Market: Overview

The global Telecom Cloud Billing Market size was worth around USD 8.21 Billion in 2022 and is predicted to grow to around USD 45.79 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 23.96% between 2023 and 2030.

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Telecom billing is an organized method used to gather and group data on the usage of accounts, services by individuals, or telecommunication products. With the complexity of mobile technology, the requirement for a proper telecom billing system was raised. The platform for cloud-based telecom billing is usually designed to increase operational efficiency. It is also flexible and to meet the needs of usage processing and assure a reliable experience, it can scale on demand. The process of telecom cloud billing is widely used in account management, revenue management, and customer management.

Global Telecom Cloud Billing Market: Growth Factors

The global telecom cloud billing market is growing at a substantial rate. The rise in adoption of cloud-based technology, rise in mobile penetration, minimum administration & operational cost, and rise in transparency among cloud providers are some of the major factors that are fostering the growth of the global telecom cloud billing market. Horizontal & vertical scalability, faster connectivity for charging & tracking new services, analytics for enhanced decision-making, centralize storage with better convergence, and the ability of cloud-based billing for telecom to offer dynamic services are some of the advantages of telecom cloud billing which is encouraging the enterprises to adopt telecom cloud billing processes which are ultimately contributing to the growth of the global market.

Moreover, growing demand for bundled services, increasing the need for real-time billing, and growing inclination of the customer towards online transaction & billing are also the factors that are propelling the growth of the market.

Furthermore, the rise in value added services offered by the operator's such as Voice Over Internet Protocol (VoIP), Internet Protocol Television (IPTV), voice, data, and many more will create ample opportunities for the growth of the global market during the forecast period. However, the use of the legacy system and strict regulations for telecom are the factors that may hinder the growth of the global telecom cloud billing market.

The outbreak of Covid-19 has proved the importance that telecommunication infrastructure has a vital role to keep societies, government, and businesses running and connected. Because of the social and economic disruption due to the Covid-19 pandemic, most of the people across the world are relying on technology for work from home and information. Most of the telecom operators such as data center operators, mobile, and broadband are benefitted due to the rise in traffic of voice and data. The stay-at-home orders and quarantine requirements have led to a rise in the use of broadband services as to hold the meetings remotely, working people are relying on video conferencing.

With the rise in the telecom sector during the pandemic, there is a rise in the demand for telecom cloud billing thereby contributing to the growth of the global telecom cloud billing market. On the other hand, short and medium-term impacts were observed on the value chain which is expected to come on track post-Covid-19 era.

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Global Telecom Cloud Billing Market: Segmentation

The global telecom cloud billing market is bifurcated based on the type of billing, application, cloud platform, end-user, and region. Based on the type of billing, the global telecom cloud billing market is divided into convergent, interconnect, prepaid, postpaid, roaming, and others. The application segment is split into account management, revenue management, and customer management. Based on the cloud platform, the market is categorized into software as a service, infrastructure as a service, and platform as a service. The end-user segment is bifurcated into individuals and enterprises.

Global Telecom Cloud Billing Market: Competitive Players

The major players operating in the global telecom cloud billing market are Redknee Solutions, Netcracker Technology, Oracle Corporation, Tech Mahindra, Amdocs, Huawei Technologies, Computer Science Corporation, Ericsson, CGI Group, Inc., and AsiaInfo, among others.

Global Telecom Cloud Billing Market: Regional Analysis

North America is anticipated to be the largest revenue collector in the global telecom cloud billing market. The major factors contributing to the large share of the market include a large number of telecom customers, a broad expansion of the telecommunication sector, and the rising adoption of advanced digitalization in the telecom sector. Asia Pacific is expected to register the highest CAGR over the forecast period owing to economic development, a huge number of smartphone users, increasing use of the internet, and advancing telecommunication sector in highly populated developing countries such as China and India.

Telecom Cloud Billing Market: Report Scope

Global Telecom Cloud Billing Market: Competitive Players

• Redknee Solutions
• Netcracker Technology
• Oracle Corporation
• Tech Mahindra
• Amdocs
• Huawei Technologies
• Computer Science Corporation
• Ericsson
• CGI Group,AsiaInfo
• among others.

The global Telecom Cloud Billing Market is segmented as follows:

By Type

• Convergent
• Interconnect
• Prepaid
• Postpaid
• Roaming

By Application

• Account management
• Aevenue management
• Austomer management

By Deployment Model

• Private Cloud
• Public Cloud

By End-User

• Enterprises
• Individuals

By Cloud Platform

• SaaS
• IaaS

Global Telecom Cloud Billing Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.