Market Overview:
The global billing and revenue management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for cloud-based billing and revenue management software, owing to its advantages such as scalability, flexibility, and reduced costs. In addition, the growing adoption of BYOD (Bring Your Own Device) policies among enterprises is also contributing to the growth of this market. However, lack of awareness about cloud-based solutions among small and medium businesses (SMBs) is restraining the growth of this market. North America accounted for the largest share of the global billing and revenue management software market in 2017 due to early adoption of latest technologies by enterprises in this region.
Product Definition:
Billing and Revenue Management Software is used to manage billing and revenue functions for a company. This software can help to automate invoicing, track payments, and manage customer data. The importance of this software is that it can help a company to more efficiently manage their billing and revenue processes, which can lead to increased profits.
Cloud:
Cloud is a shared pool of data that can be easily accessible over the internet. It helps in storing and sharing information across multiple computers or devices connected to the network. The major advantage of using cloud is that it offers storage space on-demand, which allows users to store data for free with no fixed storage capacity.
On-Premises:
On-premises software is a type of cloud computing software that is installed and used on the end-users' computers. The end users directly access the software, which may be accessed over the internet through a client or server application. On-premises solutions are often termed as ‘shrinkwrap’ solutions since they are installed in an existing environment (shrinkwrap) of customers.
Application Insights:
The Small and Medium-sized Businesses (SMBs) application segment accounted for the largest revenue share of around 60.0% in 2017. The growth can be attributed to the increasing penetration of cloud billing and revenue management solutions among SMBs as these companies do not have sufficient financial resources or expertise to manage their billing operations efficiently. Furthermore, a large number of SMBs lack dedicated IT staff, which further reduces the capability to integrate complex billing systems on a daily basis.
Enterprises application segment is expected to witness significant growth over the forecast period owing to advanced features such as resource allocation, time & labor management that help organizations in billings and revenues generation process easily. Also, with an increase in enterprise size; there is an increased need for efficient resource management tools that can help organizations generate more revenues through improved customer engagement activities across all channels including online retail stores, mobile applications & websites, social media platforms etc., This will drive demand further over the coming years.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to high demand for technologically advanced billing and revenue management solutions. The U.S. is one of the prominent countries in this region that has adopted a digital economy model, which has resulted in increased spending on B2B technologies such as billing and revenue management software.
The Asia Pacific region accounted for over 20% of the overall market share in 2017, owing to increasing awareness among enterprises regarding advanced B2B technologies such as bill and revenue management software along with growing SMBs adoption across numerous industry verticals including telecom, IT & telecommunication services providers (ITSP), media & entertainment companies, etc., especially in India and China markets are anticipated to drive growth during the forecast period from 2018 to 2030 (estimated). Additionally, an increase in cloud-based deployment models would also contribute towards regional growth during same period due its ease of implementation compared with on-premise deployment models.
Growth Factors:
- Increasing demand for cloud-based billing and revenue management software due to its scalability and flexibility.
- The need for automated billing and revenue management solutions in order to manage the complex billing processes of large enterprises.
- Rising demand from small and medium businesses for affordable, yet sophisticated, billing and revenue management software solutions.
- Growing trend of BYOD (Bring Your Own Device) among businesses, which is driving the demand for mobile-friendly billing and revenue management software solutions. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Billing and Revenue Management Software Market Research Report
By Type
Cloud, On-Premises
By Application
SMBs, Enterprises
By Companies
Accenture, Ericsson, Huawei, NEC, Oracle, Alcatel-Lucent, Amdocs, SAP, HPE
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Billing and Revenue Management Software Market Report Segments:
The global Billing and Revenue Management Software market is segmented on the basis of:
Types
Cloud, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMBs, Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Accenture
- Ericsson
- Huawei
- NEC
- Oracle
- Alcatel-Lucent
- Amdocs
- SAP
- HPE
Highlights of The Billing and Revenue Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud
- On-Premises
- By Application:
- SMBs
- Enterprises
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Billing and Revenue Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Billing and revenue management software is a type of software that helps businesses manage their billing and revenue processes. This software can help businesses track customer information, create invoices, and track payments. It can also help businesses manage their finances by tracking expenses and generating reports on how the business is doing financially.
Some of the major companies in the billing and revenue management software market are Accenture, Ericsson, Huawei, NEC, Oracle, Alcatel-Lucent, Amdocs, SAP, HPE.
The billing and revenue management software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Billing and Revenue Management Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Billing and Revenue Management Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Billing and Revenue Management Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Billing and Revenue Management Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Billing and Revenue Management Software Market Size & Forecast, 2018-2028
4.5.1 Billing and Revenue Management Software Market Size and Y-o-Y Growth
4.5.2 Billing and Revenue Management Software Market Absolute $ Opportunity
Chapter 5 Global Billing and Revenue Management Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Billing and Revenue Management Software Market Size Forecast by Type
5.2.1 Cloud
5.2.2 On-Premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Billing and Revenue Management Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Billing and Revenue Management Software Market Size Forecast by Applications
6.2.1 SMBs
6.2.2 Enterprises
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Billing and Revenue Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Billing and Revenue Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Billing and Revenue Management Software Analysis and Forecast
9.1 Introduction
9.2 North America Billing and Revenue Management Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Billing and Revenue Management Software Market Size Forecast by Type
9.6.1 Cloud
9.6.2 On-Premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Billing and Revenue Management Software Market Size Forecast by Applications
9.10.1 SMBs
9.10.2 Enterprises
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Billing and Revenue Management Software Analysis and Forecast
10.1 Introduction
10.2 Europe Billing and Revenue Management Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Billing and Revenue Management Software Market Size Forecast by Type
10.6.1 Cloud
10.6.2 On-Premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Billing and Revenue Management Software Market Size Forecast by Applications
10.10.1 SMBs
10.10.2 Enterprises
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Billing and Revenue Management Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Billing and Revenue Management Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Billing and Revenue Management Software Market Size Forecast by Type
11.6.1 Cloud
11.6.2 On-Premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Billing and Revenue Management Software Market Size Forecast by Applications
11.10.1 SMBs
11.10.2 Enterprises
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Billing and Revenue Management Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Billing and Revenue Management Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Billing and Revenue Management Software Market Size Forecast by Type
12.6.1 Cloud
12.6.2 On-Premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Billing and Revenue Management Software Market Size Forecast by Applications
12.10.1 SMBs
12.10.2 Enterprises
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Billing and Revenue Management Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Billing and Revenue Management Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Billing and Revenue Management Software Market Size Forecast by Type
13.6.1 Cloud
13.6.2 On-Premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Billing and Revenue Management Software Market Size Forecast by Applications
13.10.1 SMBs
13.10.2 Enterprises
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Billing and Revenue Management Software Market: Competitive Dashboard
14.2 Global Billing and Revenue Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Accenture
14.3.2 Ericsson
14.3.3 Huawei
14.3.4 NEC
14.3.5 Oracle
14.3.6 Alcatel-Lucent
14.3.7 Amdocs
14.3.8 SAP
14.3.9 HPE
