Market Forecast by Countries (United States, Canada), By Type of Billing (Convergent, Prepaid, Postpaid, Interconnect, Roaming, Others (Direct to Consumer (D2C) and Metered)), By Cloud Platform (SaaS, Others (IaaS and PaaS)), By End User (Individuals, Enterprises), By Application (Revenue Management, Account Management, Customer Management), By Rate of Charging Mode (Subscription-Based, Usage-Based), By Service (Professional, Managed) And Competitive Landscape
Product Code: ETC4620608 | Publication Date: Jul 2023 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
Report Name | North America Telecom Cloud Billing Market |
Forecast period | 2024-2030 |
CAGR | 13% |
Growing Sector | Telecommunications |
The North America Telecom Cloud Billing Market report thoroughly covers the market by Countries, Cloud Platform, Service, Type of Billing, Rate of Charging Mode, and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Telecom Cloud Billing market is expected to grow significantly in the coming years. This growth can be attributed to factors such as increasing demand for cloud-based billing solutions, advancements in telecommunication technology, and rising adoption of digital services in the region.
According to 6Wresearch, the North America Telecom Cloud Billing Market size is expected to grow at a significant CAGR of 13% during 2024-2030. Telecom cloud billing solutions are increasingly becoming popular in North America due to the growing advancements in technology and digitization. The need for flexible and scalable billing systems has been a major driver for the growth of this market. With the rise of subscription-based services, traditional billing models have become obsolete and companies are looking for agile solutions to manage their billing processes. In addition, the increasing adoption of cloud services by telecom operators is also fueling the demand for telecom cloud billing solutions in North America.
One of the major challenges is the complex regulatory environment in different states and provinces, which makes it difficult for telecom companies to comply with billing regulations. In addition, the high initial investment required for implementing cloud billing solutions also acts as a barrier for smaller telecom operators. Furthermore, cyber threats and data breaches are also a concern for telecom companies using cloud billing solutions.
The North America telecom cloud billing market is highly competitive, with the presence of several major players. Some of the key players operating in this market include Amdocs Inc., Huawei Technologies Co. Ltd., IBM Corporation, NetCracker Technology Solutions (NEC Corporation), and Oracle Corporation. These players offer a wide range of telecom cloud billing solutions to meet the diverse needs of their clients. They are also focused on research and development activities to introduce innovative products and enhance their market position.
The telecom cloud billing industry in North America is subject to various government initiatives aimed at promoting the adoption of cloud-based solutions and ensuring consumer protection. The Federal Communications Commission (FCC) has implemented regulations for broadband internet access service providers to provide transparency regarding their services and pricing. This encourages fair competition among telecom companies and helps prevent potential anti-competitive behaviour. Additionally, the US government has also launched initiatives such as the Cloud First policy to encourage federal agencies to adopt cloud computing, including cloud billing solutions.
The North America telecom cloud billing market is expected to witness significant growth in the coming years due to increasing demand for cost-effective and efficient billing solutions in the telecom industry. The adoption of cloud-based solutions is also expected to drive market growth, as it offers benefits such as scalability, flexibility, and lower infrastructure costs. A rise in the number of mobile subscribers and an increase in data consumption also contribute to the market's growth. Moreover, with the increasing trend of digital transformation and emerging technologies such as 5G, the demand for advanced telecom cloud billing solutions is likely to grow.
According to Ravi Bhandari, Research Head, 6Wresearch, convergent billing is gaining traction due to its ability to combine multiple services into a single bill. This simplifies the billing process for customers and increases customer satisfaction.
In the cloud platform segment, SaaS is currently dominating due to its ease of use and cost-effective nature.
Revenue management is the largest application segment in terms of market share, as telecom companies are constantly looking for ways to optimize their revenue streams.
Subscription-based charging mode holds the majority share in the market, but usage-based charging is gaining popularity due to its flexibility and cost-effectiveness. This trend is expected to continue in the future, with more telecom companies adopting usage-based models.
In terms of services, managed services are seeing higher growth rates compared to professional services. The increasing complexity of telecom operations and the need for specialized expertise are driving demand for managed cloud billing services.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Telecom Cloud Billing Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Telecom Cloud Billing Market Revenues & Volume, 2020 & 2030F |
3.3 North America Telecom Cloud Billing Market - Industry Life Cycle |
3.4 North America Telecom Cloud Billing Market - Porter's Five Forces |
3.5 North America Telecom Cloud Billing Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 North America Telecom Cloud Billing Market Revenues & Volume Share, By Type of Billing, 2020 & 2030F |
3.7 North America Telecom Cloud Billing Market Revenues & Volume Share, By Cloud Platform, 2020 & 2030F |
3.8 North America Telecom Cloud Billing Market Revenues & Volume Share, By End User, 2020 & 2030F |
3.9 North America Telecom Cloud Billing Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.10 North America Telecom Cloud Billing Market Revenues & Volume Share, By Rate of Charging Mode, 2020 & 2030F |
3.11 North America Telecom Cloud Billing Market Revenues & Volume Share, By Service, 2020 & 2030F |
4 North America Telecom Cloud Billing Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Telecom Cloud Billing Market Trends |
6 North America Telecom Cloud Billing Market, 2020 - 2030 |
6.1 North America Telecom Cloud Billing Market, Revenues & Volume, By Type of Billing, 2020 - 2030 |
6.2 North America Telecom Cloud Billing Market, Revenues & Volume, By Cloud Platform, 2020 - 2030 |
6.3 North America Telecom Cloud Billing Market, Revenues & Volume, By End User, 2020 - 2030 |
6.4 North America Telecom Cloud Billing Market, Revenues & Volume, By Application, 2020 - 2030 |
6.5 North America Telecom Cloud Billing Market, Revenues & Volume, By Rate of Charging Mode, 2020 - 2030 |
6.6 North America Telecom Cloud Billing Market, Revenues & Volume, By Service, 2020 - 2030 |
7 United States Telecom Cloud Billing Market, 2020 - 2030 |
7.1 United States Telecom Cloud Billing Market, Revenues & Volume, By Type of Billing, 2020 - 2030 |
7.2 United States Telecom Cloud Billing Market, Revenues & Volume, By Cloud Platform, 2020 - 2030 |
7.3 United States Telecom Cloud Billing Market, Revenues & Volume, By End User, 2020 - 2030 |
7.4 United States Telecom Cloud Billing Market, Revenues & Volume, By Application, 2020 - 2030 |
7.5 United States Telecom Cloud Billing Market, Revenues & Volume, By Rate of Charging Mode, 2020 - 2030 |
7.6 United States Telecom Cloud Billing Market, Revenues & Volume, By Service, 2020 - 2030 |
8 Canada Telecom Cloud Billing Market, 2020 - 2030 |
8.1 Canada Telecom Cloud Billing Market, Revenues & Volume, By Type of Billing, 2020 - 2030 |
8.2 Canada Telecom Cloud Billing Market, Revenues & Volume, By Cloud Platform, 2020 - 2030 |
8.3 Canada Telecom Cloud Billing Market, Revenues & Volume, By End User, 2020 - 2030 |
8.4 Canada Telecom Cloud Billing Market, Revenues & Volume, By Application, 2020 - 2030 |
8.5 Canada Telecom Cloud Billing Market, Revenues & Volume, By Rate of Charging Mode, 2020 - 2030 |
8.6 Canada Telecom Cloud Billing Market, Revenues & Volume, By Service, 2020 - 2030 |
9 North America Telecom Cloud Billing Market Key Performance Indicators |
10 North America Telecom Cloud Billing Market - Opportunity Assessment |
10.1 North America Telecom Cloud Billing Market Opportunity Assessment, By Countries, 2020 & 2030F |
10.2 North America Telecom Cloud Billing Market Opportunity Assessment, By Type of Billing, 2020 & 2030F |
10.3 North America Telecom Cloud Billing Market Opportunity Assessment, By Cloud Platform, 2020 & 2030F |
10.4 North America Telecom Cloud Billing Market Opportunity Assessment, By End User, 2020 & 2030F |
10.5 North America Telecom Cloud Billing Market Opportunity Assessment, By Application, 2020 & 2030F |
10.6 North America Telecom Cloud Billing Market Opportunity Assessment, By Rate of Charging Mode, 2020 & 2030F |
10.7 North America Telecom Cloud Billing Market Opportunity Assessment, By Service, 2020 & 2030F |
11 North America Telecom Cloud Billing Market - Competitive Landscape |
11.1 North America Telecom Cloud Billing Market Revenue Share, By Companies, 2023 |
11.2 North America Telecom Cloud Billing Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |