Global Convergent Billing Market Overview:
Convergent Billing provides real-time billing in telecommunication networks. This has a flexible and powerful convergent rating engine that provides network operators a competitive advantage to be market leaders in the telecommunications industry. It provides an advanced system for the convergent billing of different services such as wireline, wireless and data networks. It enables telecom operators to manage their administrative and billing tasks effectively through the integration with other systems such as Customer Care. Some of the key players profiled in the study are Amdocs (United States), Alcatel-Lucent (France), SAP (Germany), Huawei (China), Comverse (Israel), IBM (United States), Elitecore Technologies (India), Redknee (Canada), Orga Systems (Germany) and Comarch (Poland).
On the basis of geography, the market of Convergent Billing 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). If we see Market by Services, the sub-segment i.e. Managed Services will boost the Convergent Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solutions, the sub-segment i.e. Customer Relationship Management will boost the Convergent Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Hosted will boost the Convergent Billing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise of the Digital Service Provider (DSP)
- Increase in Demand for the Industry Solutions and Systems
- Increasing Demand for Vas and Data Services
- Growing Telecommunication Sector
- Increasing Competition in Telecom Industry
- Outsourcing the Design and Development Processes to Managed Service Providers
- Extended Usage of the Legacy Systems Who Are Incompatible With the Current Converged Networks
- Availability of Convergent Billing Software on Cloud Is Expected the Biggest Opportunity in the Future.
Major Market Developments:
In Jan 2017, Bharat Sanchar Nigam Ltd. Announced A Contract With Oracle To Drive Its Growth Plans And Enhance Customer Service Delivery In The Country. The Company Implementing Next-Generation Cdr Based Customer Care and Convergent Billing System That Will Provide Customer Care Solutions
In This Market Major Players Are Focusing On Adopting Organic And Inorganic Growth Strategies. Which Includes Merger & Acquisition, Product Expansion, and Global Reach Enhancement
Telecom Industry, Solution Providers, Government Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Convergent Billing market on the basis of product  , application [Fixed, Mobile, Broadband and TV], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Convergent Billing market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Convergent Billing industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Comverse technology (United States), CommVerge Solutions (Hong Kong) and Homisco (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Convergent Billing market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.