Billing And Revenue Management Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028


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Billing and Revenue Management Market: Introduction

Growing preference for optimizing the billing and revenue management (BRM) processes is the key factor drives the growth of global billing and revenue management market. Billing and revenue management is a software based solution which integrates the revenue and billing process of an organization. Billing and revenue management platform offers various benefits to the organizations such as, reduces communication and collection related costs, solves the customer inquiries, improves customer satisfaction, and delivers detailed insights of the revenue. Billing and revenue management is the ideal solution for business entities involved in continuous revenue sharing, data monetisation and settlements. Also, billing and revenue management platform captures complete customer interactions which is used to deliver omni-channel customer experiences.

Billing and Revenue Management Market: Market Dynamics

Expanding customer accounts coupled with rising complexity to manage customer accounts, payments, and balances is the key factor contributes the growth of global billing and revenue management market. Growing importance for identifying value and profitability— that customers bring to the enterprise, and rising preference for identifying and mitigating revenue leakage with integrated workflows and automated payment processing solutions by organizations across various industries accelerates the growth of global billing and revenue management market. Additionally, increasing focus on integrating commerce, marketing, billing, sales, service and accounts in order   to reduce the operating cost and to improve business processes fuels the growth of global billing and revenue management market. However, high implementation cost and complexity in integrating with the existing infrastructure is identified as restraints likely to deter the progression of the global billing and revenue management market.

Billing and Revenue Management Market: Market Segmentation

The global billing and revenue management market is segmented on the component, end-user industry, and by region. On the Basis of component the global billing and revenue management market is segmented into software and services, the service segment is sub-segmented into consulting, system Integration, and others. On the basis of end-user industry, the global billing and revenue management market is segmented into telecommunication, BFSI, logistics & transportation, and others. Regionally, the global billing and revenue management market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan and Middle East & Africa.

Billing and Revenue Management Market: Regional Outlook

Among all regions, billing and revenue management market in North America is expected to dominate the market, due to high preference for automating business process and presence of large players. Asia Pacific is projected to be the fastest growing billing and revenue management market due to expanding telecommunication, banking and financial sector.

Billing and Revenue Management Market: Competitive Landscape

Some of the prominent players in the global billing and revenue management market includes Oracle Corporation, SAP AG, Ericsson, Accenture, Estuate Inc., Netcracker, Information Technology Group (ITG), ARIA SYSTEMS, INC., Nokia, MBXR, and CSG International

Key Developments:

  • In August 2017, Ericsson selected by Developing Telecoms Ltd – a Dominican Republic based mobile network operator company, in order to deploy its revenue management solutions
  • In July 2014, Iridium Communications Inc. and Oracle jointly announced that, Iridium Communications Inc. has completed the implementation of Oracle Communications Billing and Revenue Management solution.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

  • Tailwinds and headwinds molding the market’s trajectory
  • Market segments based on products, technology, and applications
  • Prospects of each segment
  • Overall current and possible future size of the market
  • Growth pace of the market
  • Competitive landscape and key players’ strategies

The main aim of the report is to:

  • Enable key stakeholder’s in the market bet right on it
  • Understand the opportunities and pitfalls awaiting them
  • Assess the overall growth scope in the near term
  • Strategize effectively with respect to production and distribution

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