Global Telecom Consumer Billing Management Market 2015-2019
Consumer Billing ManagementConsumer billing management modules enable effective handling of all tasks and processes of financial relations with customers. These modules simplify operation of customers' accounts and provide more flexibility in invoicing with the help of multiple payment models, methods, and channels. They also provide customized billing and invoice calculation and end-to-end services to consumers. In addition, the modules help resolve billing-related disputes effectively.
TechNavio's analysts forecast the Global Telecom Consumer Billing Management market to grow at a CAGR of 2.03 percent over the period 2014-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the Global Telecom Consumer Billing Management market during the period 2015-2019. To calculate the market size, the report considers the revenue generated from the sale of software, applications, services, and equipment to the ISPs and TSPs.
TechNavio's report, the Global Telecom Consumer Billing Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also includes a discussion of the key vendors operating in this market.
TechNavio Announces the Publication of its Research Report – Global Telecom Consumer Billing Management Market 2015-2019
TechNavio recognizes the following companies as the key players in the Global Telecom Consumer Billing Management Market: Amdocs Ltd., Convergys Corp., Ericsson (LM) Tel-Sp Adr., Huawei Investment and Holding Co. Ltd. and Oracle Corp.
Other Prominent Vendors in the market are: Cerillion Technologies, Comarch, Comptel, Comverse, CSG International, Elitecore Technologies, ESKADENIA Software Solutions, Evolving Systems, Formula Telecom Solutions, LogiSense, LogNet Systems, Martin Dawes Systems, Mind CTI, Orga Systems, OSG Billing Services, Redknee Solutions, Sitronics CLS, Telesens International and TeleSpace.
Commenting on the report, an analyst from TechNavio’s team said: “Automation of network management tools is one of the upcoming trends in the market. Introduction of automation capabilities within management tools is perceived as a progressive change in the Telecom industry. Telecom operators worldwide have commenced development of automated tools to enhance the overall operational efficiency of their billing management systems.”
According to the report, increased need for higher profit margins among telecom operators is one of the key drivers of this market. Telecom operators worldwide prefer to use highly advanced versions of billing management software to minimize their revenue losses and counter fraudulent practices effectively.
Further, the report states that margins of telecom operators and solution providers have declined. Therefore, they have been unable to increase their investment in telecom operation management systems. Competition among vendors in the Telecommunication industry has intensified over the years. This, in turn, has had a negative impact on solution providers' margins.Amdocs , Convergys , Ericsson, Huawei Investment and Holding , Oracle , Cerillion Technologies, Comarch, Comptel, Comverse, CSG International, Elitecore Technologies, ESKADENIA Software Solutions, Evolving Systems, Formula Telecom Solutions, LogiSense, LogNet Systems,Martin Dawes Systems, Mind CTI, Orga Systems, OSG Billing Services, Redknee Solutions, Sitronics CLS, Telesens International, TeleSpace
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