![]() ![]() These technologies have changed the communications landscape by allowing various devices to interact with each other. Further, the growing preference and shift toward cloud and IoT solutions and services are providing an opportunity for the growth of the telecom billing and revenue management market players. ![]() The telecom enterprises are set to become one of the main beneficiaries of the cloud and IoT industry in the coming years by receiving large revenues from numerous types of paid services, accomplishing rise in profit margins, building their brand of cloud service system through the analysis of user needs. Providing telecom billing and revenue management systems using cloud and IoT technology is witnessing high demand across the globe. High capital expenses (CAPEX) requirements to upgrade existing network infrastructure and establish a new one, and complex regulatory environment are a few of the factors hindering the global telecom billing and revenue management market. Increasing mobile phone penetration worldwide and high growth in the subscriber base in various regions are among the prime factors driving the global telecom billing and revenue management market. The report highlights key factors driving the market growth, and prominent players and their developments in the market. Growing telecom sector to lead growth of telecom billing and revenue management market at 16.4% CAGR during 2020-2027Īccording to the study, the market was valued at US$ 18,469.4 million in 2019 and is projected to reach US$ 59,075.4 million by 2027 it is expected to grow at a CAGR of 16.4% from 2020 to 2027. 18, 2020 (GLOBE NEWSWIRE) - The "Telecom Billing and Revenue Management Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Type Component Deployment Type and Geography" report has been added to 's offering. ![]()
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