The global convergent billing market is projected to reach $XX billion by 2028, at a CAGR of 21% to 23% during 2023-2028. The growth of convergent billing market is driven by growing penetration of digitization in business environments, reduced cost of billing processes, and the higher complexities of new service architectures.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the convergent billing market by solutions (customer relationship management, settlement and payment management, mediation, voucher management, and others), deployment type (cloud and on-premise), services (consulting services, managed services, and training & certification), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the convergent billing market?
Q.4 What are some changing demands of customers in the convergent billing market?
Q.5 What are the new developments in the convergent billing market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this convergent billing area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this convergent billing market?

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Market Segmentation:
Based on deployment type, the convergent billing market is segmented into cloud and on-premise. The on-premise segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to as it enables installing all the hardware and software required to operate and maintain convergent billing software on the customer’s system.
North America will remain the largest region due to consumers and businesses in this region have always been early adopters of technology. Additionally, US and Canada, are investing aggressively in emerging technologies, including cloud platforms, AI, and 5G technology, and the increasing demand to improve customer experience in the region.
Key Players in the convergent billing market are Nokia, Sterlite Technologies, Optiva, SAP SE, IBM, Huawei, CSG International, Comarch SA, IDI Billing, and Amdocs.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. 972.636.5056
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