The market for outsourcing Telecom billing software solutions can increase by USD 6.75 billion between 2020 and 2024. Throughout the projected period, the growth pace will pick up, and the market will expand at a CAGR of about 6%.
Key reasons propelling market expansion include the quick increase in mobile users and the growing acceptance of convergent billing. The US, China, and Japan are the three biggest markets for outsourcing telecom billing. The market concentration for telecom billing outsourcing will not change throughout the projection. Vendors are concentrating on establishing strategic alliances with communications service providers to expand their market position.
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