Asia Pacific Telecom Billing and Revenue Management Market to Grow at a CAGR of 18.3% to reach US$ 23007.6 Million from 2020 to 2027

The telecom billing and revenue management market in Asia Pacific was valued at US$ 6350.5 million in 2019 and is projected to reach US$ 23007.6 million by 2027; it is expected to grow at a CAGR of 18.3% from 2020 to 2027.

The telecom billing and revenue management market growth is significantly driven by the increasing mobile penetration in emerging market. At present, mobile phones have become the center point for the development of evolving digital ecosystem, as the world is experiencing a high adoption rate of connected devices, smartphones, and tablets, owing to which there is continuous surge and requirement of high-speed broadband and mobile networks. In the last 5 years, smartphone and internet in particular have experienced significant adoption trends in both developing and developed economies. In 2017, around 3.3 billion people were connected to the mobile internet, signifying an increase of almost 300 million compared to 2016. Based on the adoption rate of mobile phones among population, Asia Pacific is experiencing a significant increase between 2017 and 2025, due to rising mobile network coverage in rural areas and growing affordability of both mobile devices and tariffs. Further, highly developing countries such as India and China in the APAC region provide lucrative opportunities for telecom services and equipment providers. Hence increasing mobile penetration and subscriber base in the emerging market is further accelerating the growth of the telecom billing and revenue management market.

The telecom billing and revenue management market is a highly fragmented and competitive marketplace. The leading companies in this market continue to broaden their clientele by expanding their current offerings. Prominent players face an increasing level of competition, both from start-ups and leading established companies across the world. Several companies in the value chain are acquiring other players in the telecom billing and revenue management market to provide efficient products and services to its customers, and thus, to maintain or uplift their position in the market.

The ongoing COVID-19 is anticipated to cause huge disruptions in the growth of various industries of Asia Pacific. For instance, China is the global hub of manufacturing and largest raw material supplier for various industries and it is one of the worst affected COVID-19 countries. India is another country where cases are rising constantly and business activities are halted due to nationwide lockdown. The COVID-19 crisis had a positive impact on the growth of some sectors such as IT and telecommunications. The demand for digital services especially has grown at a high rate in past few months. Nevertheless, the decrease in business activities such as partnerships to increase the adoption of telecom billing and revenue management solutions in various countries is anticipated to impact the telecom billing and revenue management provider’s expansion growth negatively. Hence, there will be a mixed impact due to which the growth will drop a little in 2020 and 2021.

APAC holds the largest market revenue share within the global telecom billing and revenue management market. The increase in the demand and requirement for communication and various types of services such as pay TV and broadband services is positively impacting the growth of the market. The growth of telecom and media industries is the major factor driving the growth of the APAC telecom billing and revenue management market. China is expected to hold the largest market share in APAC, while Indian telecom billing and revenue management market is expected to grow at the highest rate during the forecast period. Additionally, growing awareness of efficient billing and revenue management solutions and increasing mobile usage along with subscriber base in emerging economies are expected to boost the growth of telecom billing and revenue management market.

Rest of APAC Telecom Billing and Revenue Management Market Revenue and Forecasts to 2027 (US$ Mn)

 

Asia Pacific Telecom Billing and Revenue Management Market–Segmentation

Asia Pacific Telecom Billing and Revenue Management Market, by Component

• Solution
  • Billing Management
  • Account Management
  • Others
• Services
  • Professional Services
  • Managed services

Asia Pacific Telecom Billing and Revenue Management Market, by Type

• Telecom Billing
• Cloud Billing
• IoT Billing

Asia Pacific Telecom Billing and Revenue Management Market, by Deployment Type

• On-Premise
• Cloud-Based
• Hybrid

Asia Pacific Telecom Billing and Revenue Management Market, by Country

• Japan
• China
• India
• Australia
• Rest of APAC

Asia Pacific Telecom Billing and Revenue Management Market-Companies Mentioned

• 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
• NEC Corporation
• Oracle Corporation
• Optiva Inc.
• Mavenir Systems
• SAP SE
• Tata Consultancy Services Limited (TCS)
• AGILITY CIS
• Comviva
• Enghouse Networks
• PANAMAX INC
• STL.TECH
• Vcare Corporation

Asia Pacific Telecom Billing and Revenue Management Market Report Scope

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