The Latin America, Middle East and Africa Convergent Billing Market would witness market growth of 26.6% CAGR during the forecast period (2022-2028).
Billing convergence would also result in accelerating innovation throughout the world. In tandem with subscription-based core services, application-based services are likely to drive a rise in billing and payment transactions. In addition, the number of payment choices available to customers is anticipated to grow as electronic banking services become more widely available.
It will automatically complicate the technique of collecting payments through many payment providers. In such a scenario, convergent billing systems that are supplemented by APIs can be a valuable resource. In addition to facilitating the usage of the vendor's payment gateways, APIs simplify the implementation of new needs. APIs provide quick access to vendor alliances and capabilities without the requirement for extensive billing software development.
The development of smartphones has radically altered the telecom sector landscape. Smartphones nowadays perform functions beyond the transmission of text and voice messages. Therefore, unlimited data plans are more vital than ever, compelling service providers to provide a variety of offerings in order to thrive. The use of communications technologies has expanded significantly over the previous decade. The proliferation of cell phone subscribers has increased the billing database that telecom providers must manage.
The UAE, a major hub for international business and commerce in the Middle East and North Africa (MENA) region, is a competitive ICT market. In an effort to lessen reliance on oil revenues and expand the private sector, the UAE government aims to develop a competitive skilled workforce and establish an accessible, efficient, effective, and internationally integrated business environment. The UAE government is pursuing a number of measures to advance the knowledge-based economy.
The Brazil market dominated the LAMEA Convergent Billing Market by Country in 2021; thereby, achieving a market value of $1,038.6 million by 2028. The Argentina market is showcasing a CAGR of 27.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 26.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Convergent Billing Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 Europe Convergent Billing Market, 2018 - 2021, USD Million
TABLE 2 Europe Convergent Billing Market, 2022 - 2028, USD Million
TABLE 3 Europe Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 4 Europe Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 5 Europe Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 Europe Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 Europe Customer Relationship Management Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Customer Relationship Management Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Settlement & Payment Management Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Settlement & Payment Management Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Mediation Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Mediation Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Voucher Management Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Voucher Management Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 22 Europe Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 23 Europe Consulting Services Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Consulting Services Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Managed Services Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Managed Services Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe Customization Services Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Customization Services Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 30 Europe Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 31 Europe On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Convergent Billing Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Convergent Billing Market by Country, 2022 - 2028, USD Million
TABLE 37 Germany Convergent Billing Market, 2018 - 2021, USD Million
TABLE 38 Germany Convergent Billing Market, 2022 - 2028, USD Million
TABLE 39 Germany Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 40 Germany Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 41 Germany Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 42 Germany Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 43 Germany Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 44 Germany Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 45 Germany Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 46 Germany Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 47 UK Convergent Billing Market, 2018 - 2021, USD Million
TABLE 48 UK Convergent Billing Market, 2022 - 2028, USD Million
TABLE 49 UK Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 50 UK Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 51 UK Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 52 UK Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 53 UK Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 54 UK Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 55 UK Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 56 UK Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 57 France Convergent Billing Market, 2018 - 2021, USD Million
TABLE 58 France Convergent Billing Market, 2022 - 2028, USD Million
TABLE 59 France Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 60 France Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 61 France Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 62 France Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 63 France Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 64 France Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 65 France Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 66 France Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 67 Russia Convergent Billing Market, 2018 - 2021, USD Million
TABLE 68 Russia Convergent Billing Market, 2022 - 2028, USD Million
TABLE 69 Russia Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 70 Russia Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 71 Russia Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 Russia Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 Russia Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 74 Russia Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 75 Russia Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 76 Russia Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 77 Spain Convergent Billing Market, 2018 - 2021, USD Million
TABLE 78 Spain Convergent Billing Market, 2022 - 2028, USD Million
TABLE 79 Spain Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 80 Spain Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 81 Spain Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 82 Spain Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 83 Spain Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 84 Spain Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 85 Spain Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 86 Spain Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 87 Italy Convergent Billing Market, 2018 - 2021, USD Million
TABLE 88 Italy Convergent Billing Market, 2022 - 2028, USD Million
TABLE 89 Italy Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 90 Italy Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 91 Italy Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 92 Italy Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 93 Italy Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 94 Italy Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 95 Italy Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 96 Italy Convergent Billing Market by Deployment, 2022 - 2028, USD Million
TABLE 97 Rest of Europe Convergent Billing Market, 2018 - 2021, USD Million
TABLE 98 Rest of Europe Convergent Billing Market, 2022 - 2028, USD Million
TABLE 99 Rest of Europe Convergent Billing Market by Offering, 2018 - 2021, USD Million
TABLE 100 Rest of Europe Convergent Billing Market by Offering, 2022 - 2028, USD Million
TABLE 101 Rest of Europe Convergent Billing Market by Solution Type, 2018 - 2021, USD Million
TABLE 102 Rest of Europe Convergent Billing Market by Solution Type, 2022 - 2028, USD Million
TABLE 103 Rest of Europe Convergent Billing Market by Services Type, 2018 - 2021, USD Million
TABLE 104 Rest of Europe Convergent Billing Market by Services Type, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Convergent Billing Market by Deployment, 2018 - 2021, USD Million
TABLE 106 Rest of Europe 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