Report : Europe Telecom Billing and Revenue Management Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Type (Telecom Billing, Cloud Billing, and IoT Billing); Component (Solution and Services); Deployment Type (Cloud, On-premise, and Hybrid); and Country
Telecom Billing Segment to Dominate Europe Telecom Billing and Revenue Management Market during 2020–2027
According to a new market research study on “Europe Telecom billing and revenue management Market to 2027 – Regional Analysis and Forecast by Type, Component, and Deployment Type,” the market is expected to reach US$ 13806.0 million by 2027 from US$ 4918.5 million in 2019. The market is estimated to grow at a CAGR of 14.6% from 2020 to 2027. The report provides trends prevailing in the Europe telecom billing and revenue management market along with the drivers and restraints pertaining to the market growth. Improving needs for innovative billing and revenue management solutions and services coupled with increase in number of internet users and growth of telecom industry are the major factors driving the growth of the telecom billing and revenue management market. However, legacy systems and high investments might hinder the growth of Europe telecom billing and revenue management market.
Based on type, the telecom billing and revenue management market is segmented as telecom billing, cloud billing, and IoT billing. Over the years, the usage of the smartphone has raised steeply, the consumption of content and data has also increased, competition in the market has become stronger, and the focus of operators has shifted from networks and products to customer experience. Thus, the role of telecom billing and revenue management solutions has been redefined. The solution supports short time-to-market and product catalog flexibility, demanded by marketing departments, along with handling telecommunication services. The telecom billing and revenue management solutions address the needs of complicated corporate environments by offering features such as multi-branch and multi-department organizational structure support and availability of user data and financial data. Further, the growing shift towards cloud-based and IoT-based solutions is delivering various market opportunities for the growth of telecom billing and revenue management market players. The adoption of cloud and IoT has been increased in the telecom industry. The telecom operators are inclined toward digital platforms that combine connectivity, data, security, analysis, mobile, and cloud to support the business. This is helping them lessen Opex by allowing end users to implement technology in a business-focused manner by saving time and money. Also, the adoption of IoT in telecom companies enables real-time equipment monitoring.
Accenture PLC; Nokia Corporation; Amdocs, Inc.; Cerillion PLC; Comarch SA; CSG Systems International, Inc.; Fiserv, Inc.; Ericsson; Hewlett Packard Enterprise Development LP (HPE); Huawei Technologies Co., Ltd.; Mphasis, Oracle Corporation; SAP SE; and NEC Corporation are among the leading companies in the Europe telecom billing and revenue management market. The companies are focused on adopting both organic and inorganic growth strategies such as product launches, partnerships, and business expansions to sustain their position in the dynamic market. For instance, in 2020, Huawei announced a launch of convergent billing system R20, a 5G SA network, which is based on a monetization solution. The solution has been installed over the STC Kuwait 5G SA’s network. The company’s billing system is serving 2.2 billion subscribers through ~ 200 CSPs across the globe. In 2019, Ericsson's enterprise and cloud billing (ECB) business purchased by Kansys, a BSS provider. Its product offers architectural advantages, which translate into the flexible enterprise billing software, and it is designed for the customers with complex monetization needs.
Europe Telecom Billing and Revenue Management Market, By Country, 2019 and 2027 (%)
Telecom Billing and Revenue Management Market– By Component
- Billing Management
- Account Management
- Professional Services
- Managed Services
Telecom Billing and Revenue Management Market – By Type
- Telecom Billing
- Cloud Billing
- IoT Billing
Telecom Billing and Revenue Management Market– By Deployment Type
Telecom Billing and Revenue Management Market – By Country
- Rest of Europe
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