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The global telecom billing outsourcing market has the potential to grow by USD 6.75 billion during 2020-2024. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of almost 6%.
Rapid growth in mobile subscribers and the rising popularity of convergent billing are some of the major factors driving market growth. The US, China, and Japan are currently the significant markets for telecom billing outsourcing.
The report provides a detailed analysis of the market by customer type and geography. Also, the telecom billing outsourcing market analysis report analyzes the market’s competitive landscape and offers information on several market vendors.
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The telecom billing outsourcing market is concentrated, and the degree of concentration will remain the same during the forecast period. To increase their market presence, vendors are focusing on forming strategic partnerships with telecommunication service providers. Accenture Plc, Amdocs Ltd., and Cerillion Plc are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the availability of open-source telecom billing solutions will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The telecom billing outsourcing market forecast report provides information on the production, sustainability, and prospects of several companies, including:
The adoption of IoT devices, the growing use of social networking sites, the popularity of e-commerce, and the implementation of automation across end-user industries has led to the rise in mobile data traffic. This is subsequently fueling the growth of the telecommunication industry. The growing demand for high quality services is driving telecommunication service providers to offer multiple product catalogs, such as the combination of voice, data, and text. Considering the increase in number of unique mobile subscribers, telecom service providers have started outsourcing their billing process. The rise in mobile data traffic will be one of the major factors driving market growth over the forecast period.
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APAC is a significant market for telecom billing outsourcing. The region is witnessing increased investments in the telecommunication tower market because of the rise in number of mobile and fixed-line subscriber base. Such developments in telecommunication network infrastructure will fuel the growth of the telecommunication industry. This will subsequently drive the growth of the telecom billing outsourcing market size.
During the forecast period, over 44% of the overall market growth will originate from APAC. Moreover, market growth in this region will be faster than the growth of the market in the other regions.
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The increasing investment in 4G/5G technologies to improve network communication infrastructure and the demand for high-quality service by end-users are driving the need for wireless communication services. They are highly preferred by telecommunication operators and mobile virtual network operators to reduce the capital-intensive nature of the telecom industry.
As a result, the market will witness steady growth in the wireless communication services segment during the forecast period. This report provides an accurate prediction of the contribution of various segments to the growth of the telecom billing outsourcing market.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY CUSTOMER TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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