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Global Convergent BillingMarket to reach USD XX billion by 2027.

Global Convergent BillingMarket Size study, bySolution (Customer Relationship Management ,Settlement and payment management, Voucher management, Mediation , Others) by Services (Consulting services, Managed services, Customization services) by Deployment (Hosted, On-premise)and Regional Forecasts 2021-2027

Product Code: ICTICTS-87163875
Publish Date: 5-07-2021
Page: 200

Global Convergent BillingMarket is valued approximately USD XX billion in 2020 and is anticipated to grow with a healthy growth rate of more than 22.2% over the forecast period 2021-2027. Convergent billing allows all invoicing tasks to be consolidated in one place, resulting in more accountability in the billing process. It offers a solid comprehensive perspective of the consumer, which aids in the creation of combining and discounting products with the consumer in mind. Mostly with global rollout of 5G networks, the demand for convergent billing solutions is growing, providing more chances for technology solutions to get into the industry. In London, for example, Huawei, in February 2020 announced the launch of Convergent Billing System (CBS) R20, the company’s first-ever 5G SA network-based monetizing platform. The service already has been implemented on the etc. Kuwait 5G SA infrastructure, with “Dedicated Access” being offered to businesses with assured SLAs (SLAs). Telecoms are placing a larger focus on packaged solutions, adaptable discounting policies, bridge marketing, and an aggravation client experience as technology improvements merge. Convergent billing systems are becoming more prevalent as a result. Another element driving market expansion is the introduction of new products. October 2020 – SAP released SAP Convergent Charging 2020 FPS, a UX makeover that uses the SAP Fiori user experience design to provide clients with a best-in-class, consistent, and modern user experience. They’ve now given pricing professionals the long-awaited option to easily construct fundamental rate plans, including consumption and recurring charges, using a top-down approach. However, this industry is constrained by the continued use of old technologies that are unsuitable with today’s converged networks. Also, CSPs are banding together to address this issue by investing in new infrastructure and working with over-the-top service providers. Spending on OSS, BSS, and NG SDP solutions is quickly expanding around the world, propelling the convergent billing market forward.

For its technological superiority, the Convergent Billing Market is projected to be dominated by the North American area. The technology landscape in numerous businesses is rapidly changing, resulting in an increase in demand for linked devices. In the region, customer relationship management is also gaining traction. The increasing digitalization of businesses across industrial verticals, as well as the use of cloud technologies and diverse service models, are driving this trend.APAC accounts for the largest portion of this marketplace. The presence of nations such as India and China, both of which have significant subscription bases and a constantly changing regulatory and market environment, has increased the potential for convergent billing solutions in Asia.

Major market player included in this report are:
Elitecore Technologies
Orga Systems
Oracle Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Customer Relationship Management
Settlement and payment management
Voucher management
Consulting services
Managed services
Customization services
By Deployment:

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Convergent BillingMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Convergent Billing Market, by Region, 2019-2027 (USD Billion)
1.2.2. Convergent Billing Market, by Solution,2019-2027 (USD Billion)
1.2.3. Convergent Billing Market, by Services,2019-2027 (USD Billion)
1.2.4. Convergent Billing Market, by Deployment,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Convergent Billing Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Convergent Billing Market Dynamics
3.1. Convergent Billing Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Widespread adoption of 5g network Increasing use in telecom sector
3.1.2. Market Challenges Prolonged usage of the legacy systems
3.1.3. Market Opportunities Increasing investments in new infrastructure
Chapter 4. Global Convergent Billing MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Convergent Billing Market, by Solution
5.1. Market Snapshot
5.2. Global Convergent Billing Market by Solution, Performance – Potential Analysis
5.3. Global Convergent Billing Market Estimates & Forecasts by Solution2018-2027 (USD Billion)
5.4. Convergent Billing Market, Sub Segment Analysis
5.4.1. Customer relationship management
5.4.2. Settlement and payment management
5.4.3. Voucher management
5.4.4. Others
Chapter 6. Global Convergent Billing Market, byServices
6.1. Market Snapshot
6.2. Global Convergent Billing Market by Services, Performance – Potential Analysis
6.3. Global Convergent Billing Market Estimates & Forecasts by Services2018-2027 (USD Billion)
6.4. Convergent Billing Market, Sub Segment Analysis
6.4.1. Consulting services
6.4.2. Managed services
6.4.3. Customization services
Chapter 7. Global Convergent Billing Market, by Deployment
7.1. Market Snapshot
7.2. Global Convergent Billing Market by Deployment, Performance – Potential Analysis
7.3. Global Convergent Billing Market Estimates & Forecasts by Deployment 2018-2027 (USD Billion)
7.4. Convergent Billing Market, Sub Segment Analysis
7.4.1. Hosted
7.4.2. On-premise

Chapter 8. Global Convergent Billing Market, Regional Analysis
8.1. Convergent Billing Market, Regional Market Snapshot
8.2. North America Convergent Billing Market
8.2.1. U.S. Convergent Billing Market Solutionbreakdown estimates & forecasts, 2018-2027 Servicesbreakdown estimates & forecasts, 2018-2027 Deployment breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Convergent Billing Market
8.3. Europe Convergent Billing Market Snapshot
8.3.1. U.K. Convergent Billing Market
8.3.2. Germany Convergent Billing Market
8.3.3. France Convergent Billing Market
8.3.4. Spain Convergent Billing Market
8.3.5. Italy Convergent Billing Market
8.3.6. Rest of Europe Convergent Billing Market
8.4. Asia-Pacific Convergent Billing Market Snapshot
8.4.1. China Convergent Billing Market
8.4.2. India Convergent Billing Market
8.4.3. Japan Convergent Billing Market
8.4.4. Australia Convergent Billing Market
8.4.5. South Korea Convergent Billing Market
8.4.6. Rest of Asia Pacific Convergent Billing Market
8.5. Latin America Convergent Billing Market Snapshot
8.5.1. Brazil Convergent Billing Market
8.5.2. Mexico Convergent Billing Market
8.6. Rest of The World Convergent Billing Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Amdocs Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. Alcatel-Lucent
9.2.3. Huawei
9.2.4. Comverse
9.2.5. IBM
9.2.6. Elitecore Technologies
9.2.7. Redknee
9.2.8. SAP
9.2.9. Orga Systems
9.2.10. Oracle Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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