LONDON, Dec. 17, 2014 /PRNewswire/ -- With the fast growing telecommunication sector, deployment of innovative services and increasing customer base has created a pressure on existing network charging systems. Today, communication comprises video chat, teleconferencing, and surfing the Internet among various others. With the rapid on-going growth of subscribers every second, network congestion, drop in quality of services, and fallout of services are a few problems faced by both subscribers and telecom operators. In order to counter these effects, telecom companies and enterprises are investing on billing and revenue management which not only helps in increasing revenue by optimizing network but also improves fraud management and helps decrease operational costs in the long run.
The telecom billing and revenue management includes capabilities that enable Communication Service Providers (CSPs) to generate revenue while providing a wide range of services. It facilitates CSPs to introduce new services, change prices, collect payments, offer bundles, share profit with partners, detect fraud and many other revenue related functions. It breaks the traditional barriers of vertical charging and billing systems, while CSP can quickly provide services and can take decisions quickly. It empowers the service providers to manage and extend their services processes to its end users.
North America and Europe have the highest adoption of billing and revenue management in the telecom ecosystem and regions such as Asia-Pacific (APAC), Middle East and Africa (MEA) along with Latin America offers a lot of opportunities for the vendors where majority of the countries are yet to expansively adopt billing and revenue management.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. A few of the global assumptions include political, social, economic, and technological factors. For instance, exchange rates are some of the factors which are expected to have an impact on this market. Therefore, the dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
This report will help the billing and revenue management vendors in the following ways:
1. This report segments the overall billing and revenue management market on the basis of the revenues generated by billing and revenue management software vendors, hardware vendors, and service providers. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split into regions.
2. The report will help billing and revenue management vendors to better understand the competitors and gain more insights for better positioning of business. There is a separate section on competitive landscape, which includes mergers and acquisitions, and venture capital funding. This report also covers company profiles of major players in this market.
3. The report will help suppliers understand the pulse of the market and provide information on key market drivers, restraints, and opportunities.
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