(Telecom-NewsWire.Net, September 13, 2018 ) The Global Telecom Billing Market was valued at USD 9.40 billion in 2016 and is projected to reach USD 20.05 billion by 2025, growing at a CAGR of 8.76% from 2017 to 2025.
Telecommunication billing is the combination of the activities of the communications service provider, which are responsible for the calculation of charging and billing information, producing bills to customers, collecting the total consumption data, and process the payments to manage debt. Telecom billing provides services such as the high accuracy in billing, duplicate record checking, computerized bill generation and the availability of an itemized bill. These services prove advantageous for businesses such as VoIP companies, internet service providers, transit traffic companies, cable television, satellite companies and mobile virtual network operators.
With the increasing number of subscribers in the market, there is a growing demand Data and VAS, these factors drive the market of telecom building’s market size. Factors that restrain the market growth are the rising operational costs, the integration of telecom regulations and the subscriber saturation.
The major players in the market are as follows:
SAP SG Oracle Corporation Hewlett-Packard NEC Corporation Comverse Huawei Technologies Amdocs Accenture Alcatel-Lucent Ericsson
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