Published on : Dec 06, 2016
Albany, New York, December 6, 2016: In recent years, there has been a rise in demand for consumer billing management services. Consumer billing management enables operative handling of all tasks and processes of financial relations with customers. Now, telecom operators worldwide prefer to use highly advanced versions of billing software to minimize their revenue losses and counter fraudulent practices effectively. This technology advancement is predicted to propel the global telecom consumer billing management market, states a report recently added to the database of Market Research Hub (MRH). The report, titled ‘Global Telecom Consumer Billing Management Market 2016-2020,’ states that the global market is projected to exhibit a 2.03 % CAGR from 2014 to 2019.
Geographically, the market covers the global market including several key regions such as the Americas, APAC and EMEA. The report describes consumer billing management and its benefits. Some of the benefit are-
- It simplify operation of customer’s accounts and offers more flexibility in invoicing with the help of various payment models, methods and channels.
- The modules helps to resolve billing related disputes effectively.
- It also provide customized billing & invoice calculation and end to end services to the customers.
The report further analyzes the market driver which describes that, automation of network management tools is one of the future trends in the market. Introduction of automation capabilities within management tools is perceived as a progressive change in the Telecom industry. Telecom operators worldwide have started development of automated tools to enhance the overall operational efficiency of their billing management systems. Therefore, increased need for higher profit margins among telecom operators is one of the key drivers of this market. Currently, the market trend is boosted due to the increased adoption of NG billing management solutions which offers billing and revenue management solution.
The report recognizes the following companies as the key players in the global market-
- Huawei Investment and Holding
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The study is prepared using an objective combination of primary & secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape as well as SWOT analysis of the key vendors. Some other prominent vendors are Cerillion Technologies, Comarch, Comptel, Comverse, CSG International, Elitecore Technologies, Evolving Systems, Formula Telecom Solutions, ESKADENIA Software Solutions, LogiSense and others.
To calculate the market size, the report considers the revenue generated from the sale of software, services, applications and equipment to the TSPs & ISPs. Further, the prime challenges of the market are also discussed in the report.
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