The Asia Pacific Convergent Billing Market would witness market growth of 21.5% CAGR during the forecast period (2022-2028).
Utilizing a centralized platform for online billing, such as an Online Charging System, allows the implementation of convergent billing. An OCS that charges for usage based on sessions and events can account for all services and serve as a centralized platform for all transactions. On a single platform, businesses can bill for all services, including postpaid, prepaid, fixed line, broadband, OTT, etc.
In addition, a superior OCS system charges transaction in genuine real-time and minimizes revenue loss. It also ensures that consumers do not over their given quota of services and authorizes resources per transaction. Convergence in billing is crucial for establishing customer confidence. It facilitates the consolidation of all billing processes and increases billing transparency.
Businesses always have a comprehensive perspective of the customer, which aids them in combining and discounting services. Users may also cross-sell smartly and easily market their products. On the other hand, customers benefit by receiving a single itemized invoice that includes all expenses for the various services they utilize. As convergent billing does not conceal anything from clients regarding their service consumption, it helps build customer confidence.
The market in Asia-pacific is witnessing an exponential growth rate as a result of the widespread adoption of 5G technology in the region. 5G is the latest technology in India. In addition, in Asia, the existence of China and India, with their large subscriber bases and ever-changing regulatory and competitive environments, has increased demand for convergent billing systems. Additionally, as of 2021, India's telecommunication network had a significant number of customers, making it the second largest across the world by the number of telephone users, including fixed and mobile phones.
The China market dominated the Asia Pacific Convergent Billing Market by Country in 2021; thereby, achieving a market value of $3,602.6 million by 2028. The Japan market is registering a CAGR of 20.8% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 22.3% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Customer Relationship Management, Settlement & Payment Management, Mediation, Voucher Management, and Others) and Services (Consulting Services, Managed Services, and Customization Services). Based on Deployment, the market is segmented into On-premises and Cloud. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Convergent Billing Market is Projected to reach USD 42.4 Billion by 2028, at a CAGR of 20.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, MIND C.T.I. LTD, CSG Systems International, Inc., Comarch SA, Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.), Nokia Corporation, Optiva, Inc., Amdocs Limited, Sterlite Technologies Limited and IDI Billing Solutions.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Solution
- Customer Relationship Management
- Settlement & Payment Management
- Mediation
- Voucher Management
- Others
- Services
- Consulting Services
- Managed Services
- Customization Services
By Deployment
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- MIND C.T.I. LTD
- CSG Systems International, Inc.
- Comarch SA
- Huawei Technologies Co., Ltd. (Huawei Investment & Holding Co., Ltd.)
- Nokia Corporation
- Optiva, Inc.
- Amdocs Limited
- Sterlite Technologies Limited
- IDI Billing Solutions
TABLE 1 Asia Pacific Convergent Billing Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Convergent Billing Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Customer Relationship Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Customer Relationship Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Settlement & Payment Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Settlement & Payment Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Mediation Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Mediation Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Voucher Management Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Voucher Management Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Consulting Services Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Consulting Services Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Managed Services Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Managed Services Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Customization Services Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Customization Services Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 31 Asia Pacific On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Convergent Billing Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Convergent Billing Market by Country, 2022 - 2028, USD Million
TABLE 37 China Convergent Billing Market, 2018 - 2021, USD Million
TABLE 38 China Convergent Billing Market, 2022 - 2028, USD Million
TABLE 39 China Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 40 China Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 41 China Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 42 China Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 43 China Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 44 China Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 45 China Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 46 China Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 47 Japan Convergent Billing Market, 2018 - 2021, USD Million
TABLE 48 Japan Convergent Billing Market, 2022 - 2028, USD Million
TABLE 49 Japan Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 50 Japan Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 51 Japan Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 Japan Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 Japan Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 54 Japan Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 55 Japan Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 56 Japan Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 57 India Convergent Billing Market, 2018 - 2021, USD Million
TABLE 58 India Convergent Billing Market, 2022 - 2028, USD Million
TABLE 59 India Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 60 India Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 61 India Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 62 India Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 63 India Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 64 India Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 65 India Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 66 India Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 67 South Korea Convergent Billing Market, 2018 - 2021, USD Million
TABLE 68 South Korea Convergent Billing Market, 2022 - 2028, USD Million
TABLE 69 South Korea Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 70 South Korea Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 71 South Korea Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 South Korea Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 South Korea Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 74 South Korea Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 75 South Korea Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 76 South Korea Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 77 Singapore Convergent Billing Market, 2018 - 2021, USD Million
TABLE 78 Singapore Convergent Billing Market, 2022 - 2028, USD Million
TABLE 79 Singapore Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 80 Singapore Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 81 Singapore Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 82 Singapore Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 83 Singapore Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 84 Singapore Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 85 Singapore Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 86 Singapore Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 87 Malaysia Convergent Billing Market, 2018 - 2021, USD Million
TABLE 88 Malaysia Convergent Billing Market, 2022 - 2028, USD Million
TABLE 89 Malaysia Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 90 Malaysia Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 91 Malaysia Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 92 Malaysia Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 93 Malaysia Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 94 Malaysia Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 95 Malaysia Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 96 Malaysia Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 97 Rest of Asia Pacific Convergent Billing Market, 2018 - 2021, USD Million
TABLE 98 Rest of Asia Pacific Convergent Billing Market, 2022 - 2028, USD Million
TABLE 99 Rest of Asia Pacific Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 100 Rest of Asia Pacific Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 101 Rest of Asia Pacific Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 102 Rest of Asia Pacific Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 103 Rest of Asia Pacific Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 104 Rest of Asia Pacific Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 105 Rest of Asia Pacific Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 106 Rest of Asia Pacific Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 107 Key Information – SAP SE
TABLE 108 Key Information – MIND C.T.I. LTD
TABLE 109 Key Information – CSG Systems International, Inc.
TABLE 110 key Information – Comarch SA
TABLE 111 key information – Huawei Technologies Co., Ltd.
TABLE 112 Key Information – Nokia Corporation
TABLE 113 Key Information – Optiva, Inc.
TABLE 114 Key Information – Amdocs Limited
TABLE 115 Key Information – Sterlite Technologies Limited
TABLE 116 Key Information – IDI Billing Solutions
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: SAP SE
FIG 3 Recent strategies and developments: CSG Systems International, Inc.
FIG 4 Recent strategies and developments: Optiva, Inc.
FIG 5 Recent strategies and developments: Amdocs Limited