Industry Background:
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.This growth is primarily driven by Rise of the Digital Service Provider (DSP), Increase in Demand for the Industry Solutions and Systems, Increasing Demand for Vas and Data Services and Growing Telecommunication Sector.
Globally, a noticeable market trend is evident Increasing Competition in Telecom Industry
. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
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
Market Drivers
- 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
Market Trend
- Increasing Competition in Telecom Industry
- Outsourcing the Design and Development Processes to Managed Service Providers
Restraints
- Extended Usage of the Legacy Systems Who Are Incompatible With the Current Converged Networks
Opportunities
Availability of Convergent Billing Software on Cloud Is Expected the Biggest Opportunity in the Future.
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Convergent Billing Study Sheds Light on
The Convergent Billing Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Convergent Billing industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Convergent Billing industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.