Lucintel Forecasts Convergent Billing Market to Reach $XX Billion by 2028

Category: Business

According to the recent study the convergent billing market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 21% to 23% from 2023 to 2028. Growth in this market is primarily driven by growing penetration of digitization in business environments, reduced cost of billing processes, and the higher complexities of new service architectures. Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in 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). Download sample report by clicking on below link https://www.lucintel.com/convergent-billing-market.aspx “On-premise market is expected to remain the largest segment during the forecast period.” Based on deployment type, the convergent billing market is segmented into cloud and on-premise. Lucintel forecasts that the on-premise market is expected to remain the largest segment due to as it enables installing all the hardware and software required to operate and maintain convergent billing software on the customer’s system. “Within the convergent billing market, the managed services segment is expected to remain the largest service” Based on service the managed services segment is expected to witness the highest growth over the forecast period due to as it ensures that the software/application runs smoothly on the customer's system, allows businesses to focus on their core business and services by taking responsibility for the software/application's IT-related tasks, and includes various other value-added services to help companies to achieve optimum use of the convergent billing software. “North America will dominate the convergent billing market in near future” 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. Download Brochure of this report by clicking on https://www.lucintel.com/convergent-billing-market.aspx Major players of convergent billing market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Nokia, Sterlite Technologies, Optiva, SAP SE, IBM, Huawei, CSG International, Comarch SA, IDI Billing, and Amdocs are among the major convergent billing providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/convergent-billing-market.aspx or helpdesk@lucintel.com