Online Charging System Market Scope
Online pricing of composite services is required by service providers in order to control financial risks associated with service delivery in multi-domain contexts. Inter-domain composite services are made up of one or more service components at the service level. There are two techniques for generating charging data for online charging: event-based charging and session-based charging. In event-based billing, a chargeable event is a single user-to-network transaction. The OCS determines if there is enough credit available for this charge occurrence. With the aid of the rating function and account balance management, the online charging function inside the OCS determines credit availability.
The Online Charging System market study is segmented and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Online Charging System market throughout the predicted period.
Symsoft Solution, LLC (United States), Intelligent Business Communication – AGNITY (United States), Amdocs (United States), Telefonaktiebolaget LM Ericsson (Sweden), Huawei Technologies Co., Ltd. (China), Panamax Inc. (India), Capgemini Engineering (France), Nokia Corporation (Finland), Cerillion Technologies Limited (United Kingdom) and IVR Technologies, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are MDS Global (United Kingdom), SAP SE (Germany) and MATRIXX Software (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Online Charging System market by Type, Application and Region.
On the basis of geography, the market of Online Charging System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 29th July, 2020 - Amdocs (Leading Software as a Services (SaaS) Solution Provider) Acquired Openet to Expand Cloud Credentials. The Collaboration Aims to Develop Open and Network-Centric Solutions for Amdocs' 350+ Service Provider Clients Across the World.
On 19th January, 2018 - Amdocs Introduced 5G-Ready Online Charging System. The New Approach Allows Service Providers to Process Traffic from Various Network Slices Using a Single Online Billing System. The System, When Deployed with In Cloud, Provides the Flexibility to Scale On-Demand in Response to Changing Activities.
- Implementation of upcoming Technologies such as Block Chain
- Digitization in Payment Systems Across the Globe
- Integration With Machine Learning Programs Across the AI-Based Platforms
- Greater Customer Satisfaction Due to Cost and Time Efficiency
- Safe And Secure Approach
- High Adoption Across Asian Regions
- Cyber Theft and Security Concerns
- Data Leak and Misuse
- Shift from Traditional Approach to Software based
Key Target AudienceOnline Charging System Solution Providers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Online Charging System Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.