Convergent Billing Market was valued at USD 11.76 Billion in 2021, and it is expected to reach USD 58.50 Billion by 2029, exhibiting a CAGR of 22.2% during the forecast period (2021-2029)
Convergent Billing Market Overview
The new market intelligence report published by Global Market Intelligence firm, Maximize Market Research, indicates the lucrative growth for Convergent Billing Market suppliers in the forecast period through 2029. The Maximize Market Research, an Convergent Billing market research firm, has served more than 600 clients across the world since 2017.
Market Scope
The report provides current Convergent Billing market trends and regional insights in terms of demand, supply, and sales, as well as recent changes in the market. The Convergent Billing market report focuses on the key drivers and restraints for key players, as well as the current competitive landscape and development prospects. The Convergent Billing market report provides the most up-to-date market statistics, as well as future developments, size, and emerging trends, allowing you to identify the products and end users that are driving revenue growth and profitability. Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price, Gross Margin & Sales by Product are all included in this global Convergent Billing market research report.
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Key Segments Covered In Convergent Billing Industry Analysis :
Customer Relationship Management accounted for the largest market share within Solutions in 2021 and is anticipated to grow at the highest CAGR of 24% over the course of the forecast period. More than ever, the telecom industry is focusing on the needs of its customers. Since it has emerged as the most potent tool in the ongoing war for customers, the customer experience is the top priority. By allowing for the creation of convergent offers and personalised services, the billing platform of the operator should support the customer-centric approach. Any combination of services in a package should be delivered by the operator, who should also be able to continuously enhance the customer's experience. Customer data becomes an important resource that should be monetized through cross- and up-selling.
by Solutions
• Customer Relationship Management (CRM)
• Settlement and Payment Management
• Voucher Management
• Mediation
by Deployment
• Cloud
• On-Premise
by Services
• Managed Service
• Consulting Service
• Training & Certification
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Key Players :
• Alcatel-Lucent SA (France)
• Amdrecor, Inc. (US)
• CSG Systems International, Inc. (US)
• IBM Corporation (US)
• Amdocs, Inc.(US)
• Comverse, Inc.(US)
• Huawei Technologies Co., Ltd. (China)
• Optiva, Inc.(Canada)
• Redknee, Inc.(Canada)
• SAP SE (Germany)
• Orga Systems Gmbh (Germany)
• Sterlite Technologies Limited (India)
• Elitecore Technologies Pvt. Ltd.(India)
• Others
Regional Analysis
Convergent Billing Region dominated the Convergent Billing Market in 2021 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Convergent Billing Market growth in the region. The Convergent Billing market report includes a geographic condition of the market, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Convergent Billing Market Report are:
Key offerings:
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Mar 05, 2023