Le Lézard
Classified in: Science and technology, Covid-19 virus
Subject: MRR

Convergent Billing Market to be worth $67.34 Billion by 2030: Grand View Research, Inc.


SAN FRANCISCO, Dec. 1, 2022 /PRNewswire/ -- The global convergent billing market size is expected to reach USD 67.34 billion by 2030, growing at a CAGR of 21.6% from 2022 to 2030, according to a new report by Grand View Research, Inc. With the growing emergence of smartphones driven by additional capabilities beyond voice and text messages, such as television screens, music players, travel guides, internet browsers, and maps, the conventional network billing model is becoming outdated. Convergent billing unifies all these services under one consolidated bill, which enables customers to have a unified view of all the services they have opted for, making the consumer experience more satisfactory.

Grand View Research, Inc., Logo

Key Industry Insights & Findings from the report:

Read 140-page full market research report for more Insights, "Convergent Billing Market Size, Share & Trends Analysis Report By Solution (Customer Relationship Management, Settlement & Payment Management, Voucher Management), By Service, By Deployment, By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Convergent Billing Market Growth & Trends

The telecom industry has evolved over the past few years due to technological advancements in smartphones and internet connectivity. Telecom operators are now required to offer multiple services, where customers can make purchases from third parties, such as digital content providers. Telecom providers are incorporating these third-party services into one platform, offering their customers discounts and cross-service price concessions. To keep up with these changing trends, telecom providers are deploying convergent billing software, consolidating all these services under one catalog or bill for the customer.

By consolidating all the services under one catalog or bill, telecom providers can better understand their customers and offer customized services. With the ability to provide a rich customer experience, telecom companies are focusing on enhancing their marketing strategies. Moreover, convergent billing creates one platform for post-paid and prepaid services, streamlining business operations. The benefits of convergent billing drive the adoption of the software from telecom companies, thereby driving the market's growth.

Smartphone usage for various use cases, right from calls & voice messages to work, increased during the COVID-19 pandemic. With this increased smartphone usage, telecom companies have to store and process large amounts of customers' data. The traditional business support systems (BSS) are inadequate in handling this data. Hence, telecom companies are adopting convergent billing solutions to keep up with customers' increased demand, thereby driving the market's growth.

Convergent Billing Market Segmentation

Grand View Research has segmented the global convergent billing market based on solution, service, deployment, and region

Convergent Billing Market - Solution Outlook (Revenue, USD Million, 2017 - 2030)

Convergent Billing Market - Service Outlook (Revenue, USD Million, 2017 - 2030)

Convergent Billing Market - Deployment Outlook (Revenue, USD Million, 2017 - 2030)

Convergent Billing Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

List of Key Players in the Convergent Billing Market

Check out more related studies published by Grand View Research:

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Astra ESG Solutions
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg

 


These press releases may also interest you

at 11:45
Stirista, a data-driven marketing leader, today announced it was named as an honoree in San Antonio Business Journal's Business of the Year list, highlighting top businesses who overcame challenges brought about by Covid-19 including lingering supply...

at 11:41
As per Facts and Factors study, The global seborrheic dermatitis market size was worth around USD 2.2 billion in 2021 and is predicted to grow to around USD 5 billion by 2030 with a compound annual growth rate (CAGR) of roughly 11.1% between 2022 and...

at 11:30
Animal Health Market Global Growth Animal health companies have long recognized the challenges of keeping animals in a rapidly changing world. So while industry...

at 11:20
The "Research Report on Southeast Asia Coffee Industry 2023-2032" report has been added to  ResearchAndMarkets.com's offering. The development of the coffee industry in Southeast Asian countries varies greatly, such as Vietnam's coffee production and...

at 11:10
The "The Life Insurance Industry in South Africa 2022" report has been added to  ResearchAndMarkets.com's offering. This report on the life insurance industry in South Africa includes information on the size and state of the sector, performance...

at 11:05
Attorney Advertising-- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against National Vision Holdings, Inc. ("National Vision" or the "Company") and certain of its officers, on behalf of all persons...



News published on 1 december 2022 at 05:30 and distributed by: