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North America Is Dominating Cloud OSS BSS Market The total value of the cloud OSS BSS market was USD 20,502 million in 2022, and it will rise at a growth rate of above 12.0% shortly, reaching USD 50,762 million by 2030, according to P&S Intelligence. This growth can be credited to the increasing requirement to decrease CAPEX, the growing demand for convergent billing arrangements, the rising placement of revenue management systems (RMSs), and the rising acceptance of 5G technology. Growths in 5G technology support mechanizing industrial processes with the aid of machine-type communication armed with mobile broadband ability. Moreover, with the placement of 5G, the virtualization of network functionality aids several businesses and private operators to share their network range and functionality, which primes to low prices of facilities. The requirement for RMSs is growing because of their features including credit limit, management of invoicing, charging, and payment. Also, this convergent billing arrangement provides an incorporated channel to new businesses for rating and valuing. Through this, clientele can screen spending and instantaneous consumption through a specific service or transaction model. Therefore, service offers are accepting RMSs to aid retail, wholesale, and other firm business segments. Additionally, the growth in the requirement to centralize individual arrangements will boost the application of RMSs and will back to the development of requirements for cloud OSS BSS solutions. The IT and telecom category is projected to grow at the highest pace, of approximately 13%, in the coming few years. Telecom service workers can make money out of their businesses with the aid of cloud OSS BSS solutions. The end-to-end business and workings including managing network performance, new item delivery, fault and billing problems, inventory, and client experience can be enhanced and monitored utilizing end-to-end cloud solutions. The small and medium enterprise category is projected to grow at the highest pace, of approximately 12.3%, in the coming few years. Small and medium-sized enterprises play very vital roles in each community. As per a research article, approximately 400 million SMEs are working throughout the globe, which has recorded for 99% of worldwide establishments. SMEs are making a lot of work opportunities, creating up to 60–85% of employment. As per the International Labor Organization, SMEs generated up to 70% of the global GDP. North America is dominating the cloud OSS BSS market. This can be credited to the existence of key industry companies and the growth in digital businesses and arrangements in the continent. Furthermore, with the rising requirement to attain operational effectiveness and enormous competition among service workers, telecom workers are more intensive on the monetization of mobile broadband information services. Hence, the increasing requirement to decrease CAPEX, the growing demand for convergent billing arrangements, the rising placement of revenue management systems (RMSs), and the rising acceptance of 5G technology are the major factors contributing to the growth of the cloud OSS BSS market. Read More: https://www.psmarketresearch.com/market-analysis/cloud-oss-bss-market

Telecom Billing and Revenue Management Market Top Countries Data, Industry Insights by Top Key Players, Types and Applications 2029 Telecom Billing and Revenue Management Market is expected to grow at a CAGR of 14.8% during the forecast period and market is expected to reach US$ 3.23 Bn. by 2029. Telecom Billing and Revenue Management Market Overview Maximize Market research, a global Healthcare market research firm, has market research report on “ Telecom Billing and Revenue Management Market . The report on Telecom Billing and Revenue Management Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges opportunities for Telecom Billing and Revenue Management Market growth. Request for a Sample https://www.maximizemarketresearch.com/request-sample/104541 Telecom Billing and Revenue Management Market Report Scope and Research Methodology The report has analysed the Telecom Billing and Revenue Management Market based on various factors such as region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. The analysis has focused on both new entrants and existing players in the market to provide a comprehensive view of growth prospects and future business outlooks. he analysis provided in the report serves as a guide for stakeholders, investors, market players, and followers, as well as new entrants, by providing them with an overall view of the Telecom Billing and Revenue Management Market for formulating investment approaches and marketing tactics. The analysis covers various aspects of the market, including region, revenue, financial status, portfolio, technological advancement, and mergers and acquisitions. Additionally, the report conducts research on new entrants and existing players in the Telecom Billing and Revenue Management Market to identify their growth prospects and future business outlook. Request for a Sample Report to get a more detailed analysis of the other Segmentation https://www.maximizemarketresearch.com/request-sample/104541 Telecom Billing and Revenue Management Market Regional Insights The report provides a comprehensive regional overview, analysing the factors that drive growth, limitations, future opportunities, and industry competition across all regions. The market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report identifies the leading countries in each region and provides an individual market forecast for each of them. Telecom Billing and Revenue Management Market Segmentation The telecom billing and revenue management industry is divided into solutions and services based on the component. The solution category was further divided into the following categories: fraud prevention, revenue assurance, billing and charging, and mediation. Professional services and managed services now make up the service category. The solutions category dominated the telecom billing and revenue management market in 2021 with a market share of 65.2%. This high percentage is a result of both the growing popularity of telecom billing and revenue management systems and the many advantages they offer. The telecom billing and revenue management market was dominated by the billing and charge management solution in 2021, and it is anticipated that this position will remain during the forecast period. Telecom Billing and Revenue Management Market Key Players • Accenture plc • AmdocsCorporation • Cerillion • Comarch SA. • CSG Systems International, Inc. • Formula Telecom Solutions Ltd. • HP Development Company, L.P. • Huawei Technologies Co., Ltd. • Intracom Telecom • Mahindra Comviva • Netcracker Technology Corp. • Openet Corporation • Optiva, Inc. • Oracle Corporation • SAP SE • Sterlite Tech • Other Key Players Want your report customized? Speak to an analyst and personalize your report according to your needs https://www.maximizemarketresearch.com/market-report/telecom-billing-and-revenue-management-market/104541/ Key questions answered in the Telecom Billing and Revenue Management Market are: What is Plant – Based Beverages Market? What are the factors driving the Telecom Billing and Revenue Management Market growth? What are the main challenges the Telecom Billing and Revenue Management Market growth? What was the Telecom Billing and Revenue Management Market size in 2021? Which trends are expected to generate additional revenue for the Telecom Billing and Revenue Management Market growth? What are the recent industry trends that can be implemented to generate additional revenue streams for the Telecom Billing and Revenue Management Market ? What growth strategies are the players considering to increase their foothold in the Telecom Billing and Revenue Management Market ? Who held the largest market share in the Telecom Billing and Revenue Management Market ? Key Offerings: Past Market Size and Competitive Landscape (2018 to 2021) Past Pricing and price curve by region (2018 to 2021) Market Size, Share, Size Forecast by different segment | 2022−2029 Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region Market Segmentation – A detailed analysis by segment with their sub-segments and Region Competitive Landscape – Profiles of selected key players by region from a strategic perspective Competitive landscape – Market Leaders, Market Followers, Regional player Competitive benchmarking of key players by region PESTLE Analysis PORTER’s analysis Value chain and supply chain analysis Legal Aspects of business by region Lucrative business opportunities with SWOT analysis Recommendations About Maximize Market Research: Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies. Contact Maximize Market Research: 3rd Floor, Navale IT Park, Phase 2 Pune Banglore Highway, Narhe, Pune, Maharashtra 411041, India sales@maximizemarketresearch.com +91 96071 95908, +91 9607365656